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Once you ignore the Tonnage/Grade shortfalls and focus on what is and what will be (once they do hit their own marks 100K Ounces/year) then things don't look at all bad. Gold extraction even now, based on current prices, is close to £70M/year & for a company valued at less than £300Mil quite a good starting point. Newmont produced in 2020 5,824,000 Ounces & have a market cap of $48.54Billion. Basically they hit the mark and it should, with a like for like, value them over £600Mil on market cap (ignoring Pure Golds lower costs.) Correct me if I'm wrong, I do underestimate a bit.
£1 takeover gets one day closer might be the reason but how many days away that is I don't know.
What is the reason of the rise in the last days?
Have taken a small punt here. Can see this going through and with 25% to be made without having to wait too long. I think it is worth the gamble. Only invest in what wont hurt you if you lose it all. GLH.
Watch https://www.youtube.com/watch?v=-DT7bX-B1Mg
unfortunately. I remember when this was 700p and I thought it might be a reasonable investment. Luckily I didn't even buy a spoonful of these or I would have been well under water. Fairly brave of any investors to buy into the drop but if it stabilises at 88p it might be a good investment. Not everyone's cup of tea though!
£1 a share takeover
"The Company appointed KPMG LLP to investigate the issues announced on 20 September 2019 relating to the classification and valuation of inventory. In line with the Company's previous guidance, KPMG's provisional assessment is that those issues have had the cumulative effect of reducing inventory by approximately US$23 million and consequently increasing cost of goods sold by the same amount, spread across financial years 2018 and 2019"
So my fag packet calculation based on EOY results $23m/$389m is around 6% on the price (186) means my estimated share price should be around 174
More alarming to me is "During the course of the work of KPMG and PricewaterhouseCoopers, matters of concern have recently been identified in relation to how certain other transactions have been constructed and/or reflected in the Group's accounting records. Some of these matters indicate potential impropriety. The Company and its professional advisers are now investigating these matters further, both to examine them fully and to quantify their potential impact." what kind of effect this could have on SP is most disturbing !!! especially when the trust in this company is already at such a low point
"the Company currently believes the aggregate amount of the potential issue could be up to US$30 million"
Never gonna be good news is it ??? - maybe auditors found 30 million fallen down the side of the sofa ?
Sorry for not posting sooner. I've decided not to buy into Purecircle. Of course, others may think it to be a great investment and they may well be right. I have to go with my own instinct.
Reading around the subject, I decided that the sweetener market is in a wild-west stage where many will die and a few may survive and, possibly, make lots of money. It is a very active and complicated area and I just don't see myself caring enough to stay on top of all the latest developments and to know if Purecircle is the best gunslinger in the fight and when (if) it is losing that position.
I think this article is excellent and represents well how I see the sweetener market:
http://fortune.com/2017/02/22/sugar-stevia-low-calorie-sweetener/
Purecircle investors could make an absolute fortune but for me, without enough knowledge (despite research) to assess their chances, it is too much of a gamble.
Good luck in all your investing.
Well, back in now. Hope for the best.
Does anyone know why there is a big difference between the Bid and Ask?
Still fairly new to this game.
I look forward to reading your review. fundamentally the product seems good
Hi, Mostlyharmless. I'm trying to read up on PureCircle at the moment. I have a few questions on my list but hopefully I can tick some of them off. I'll post up something tomorrow on how I'm getting on. With Coke moves in NZ, and the recent share price movements, I'm surprised there isn't more activity on this discussion board. Good to know there is at least one person here other than me!
Thinking of jumping in again. I bought in at 320 couple of weeks ago. Had taken a couple of hits recently so iwas pleased to take a profit and get out. Seems i should have held on?
Been wtching this for a few years. Bought in when at 90p Was one of my first punts, but only had £2000 to play with.
Seemed to be the right product at the right time.
Didnt do much, so got restless and moved on. Couldnt believe it when about six months later i looked at it again and it was just under £6!. I think it was Cococola decided to start using it. Kicked myself at the time.
They dont seem to make much profit though?
Considering chucking some money at this. Never invested in this co before. Any PureCircle evangelists out there?
Anybody there?
some one must know whats happenin
any ideas whats happening
Also I think the company capitalises its expenses such that what earnings it does make aren't actually cash that they could distribute as dividends. I haven't checked thoroughly but has it EVER generated positive free cash flow? DYOR as ever.
Well this has been a good momentum play - maybe re it joining the main market - but I think it's now crap value on fundamentals so I've gone short. The results are due next week and the FT puts the consensus of 3 broker forecasts at just 3p a share , a big drop in earnings from previous year after the latest profit warning and a price earnings ratio > 150 ! . The co can make excuses for last year but for this coming one the consensus forecast of 8p , if achieved, will be no higher than it was 2 years previously yet on a PE ratio of about 60. Fwiw the broker Numis gave a 12 month price target of just 370 p after the May profit warning.
This is a company I have only fleetingly heard of before. It ticks my boxes as an investment - I have two young children who love sugary food (but not drink). Questor in the Daily Telegraph has tipped this share without mentioning a p/e of c. 47. What is the potential growth in earnings profile?
TODAYS CHART. TRADING SIDEWAYS IN RANGE 280 TO 300 TA analysis DYOR and check fundas. not everyone's cup of tea but T line is a useful tool to have. http://content.screencast.com/users/LEFKOSIA/folders/Default/media/6cef93d0-6222-4a7e-afce-9395f3af025c/PUR%20MAR%206%2017chart.png Good luck investing trading to everyone
PURE. A share pointed out by julian1234 on jan 10 which I had overlooked. Apologies julian. 'Hi guys, not posted here before but I follow the tips and charts with interest. I have taken up a position in xxxx as a result. Wanted to share a tip of my own in return which I have just taken positions in. PureCircle (PURE) appear to have turned a corner. They are a producer of Stevia, the new wonder sweetener that seems to have no health issues. The company had issues in the states for a number of months last year with the FDA having put a consignment in quarantine, which raised question marks on their process. This had a major effect on the share price, causing it to halve in value during 2016. The consignment was however released recently following the FDA investigations, and the shares are starting to motor, up 50% from their low point at the beginning of December, with some momentum starting to show. Julian Monthly http://content.screencast.com/users/LEFKOSIA/folders/Default/media/8999d29f-7d4b-421b-9829-02e2cd53a80c/pure%20monthly%20feb%20chart.png weekly http://content.screencast.com/users/LEFKOSIA/folders/Default/media/6fe2af62-3dbc-4c13-a179-07b2a42cbedb/pure%20weekly%20feb%2014%20chart.png daily http://content.screencast.com/users/LEFKOSIA/folders/Default/media/85d5bf05-f2f6-437b-a79a-7c42f3bd66a7/pure%20daily%20feb%2014chart.png 4 hourly http://content.screencast.com/users/LEFKOSIA/folders/Default/media/5fddddc5-2fa3-4f02-b447-ee8954c5e5f2/pure%204%20hr%20feb%2014chart.png 1 hour. http://content.screencast.com/users/LEFKOSIA/folders/Default/media/d2e679ab-e705-4594-bf04-fbbc8339d522/PURE%201%20HR%20FEB%2015%20chart.png Monthly gives overall direction and imo should be used for long term investments and is usually the most reliable. The monthly for PURE is almost text book stuff and easy to see the power of the T LINE. As one can see the lower time frames at the moment are not so easy to trade with no definite long trends as in the monthly, BUT can still be traded. See the 1 hour chart for an example of a trade that could have been taken with risk reward and bet size calculation based on risking 2 per cent of fund of £50K = £1K. If trading fund only £5k bet size would have been £4 a pip and profit £280 in 6 days. The lower the time frames the less reliable as price very rarely stays still. as can be seen in the 1 hour chart. The lower the time frame the greater the volatility in price. How one uses each time chart comes with experience and one's own trading style. bEST to select one time frame and practice on it using a demo account and checking lower time frames for early warnings of trend reversals. Hope this helps watch the free 1 hour video explaining the rationale of the T line TA analysis DYOR and check fundas ttp://content.screencast.com/users/LEFKOSIA/folders/Default/media/d2e679ab-e705-4594-bf04-fbbc8339d522/PURE%201%20HR%20FEB%2015%20chart.png
Greenwood - what do you mean by latest executive orders? Also not sure I understand the 2nd part of your question. Sorry but can you clarify?
speakssense- how do you see the latest executive orders impacting on SP, and do you think that the detention of shipments was based on legality or a honest end of detention policy.