Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Commenting on the stevia market update, Jason Hecker, Corporate Vice President Global Marketing for PureCircle said "The market data across all regions shows consistent strong growth in consumer awareness and demand for high purity stevia sweetened products. We believe this trend will continue and will accelerate with the forthcoming opening of the EU market."
http://www.investegate.co.uk/Article.aspx?id=201107130700072808K
Excellent recovery so far from PURE from the lows in early June - long way to go but its getting there
Commenting on the adoption by the Codex Alimentarius Commission, PureCircle CEO Magomet Malsagov said "This has been an important week for approval and adoption of stevia as a mainstream food ingredient around the globe. Early this week, we had a positive vote by the EU Standing Committee recommending steviol glycosides in Europe. We now welcome this week's Codex adoption which will help to open all remaining new markets for PureCircle's high purity stevia products around the world."
FURTHER REGULATORY APPROVAL RECOMMENDATIONS FOR STEVIA PureCircle (LSE: PURE), the world's largest producer and marketer of high purity stevia, today provides a stevia market update concerning the Codex Alimentarius Commission adoption of proposed maximum levels for steviol glycosides. PureCircle notes that during its meeting this week, the Codex Alimentarius Commission (CAC), adopted all the proposed draft maximum levels for steviol glycosides as submitted for adoption by the Codex Committee on Food Additives (CCFA). The CAC official report will be issued after the end of the meeting on July 9th. The Codex Alimentarius Commission, or Codex, was created by the Food and Agriculture Organization (FAO) and the World Health Organization (WHO). Its main purposes are to protect the health of consumers and to ensure fair practices in international trade in food through the development of food standards, codes of practice, guidelines and other recommendations. Codex standards and guidelines are developed by committees, which are open to all UN member countries. The Codex standards and guidelines are then used by many countries as the benchmark for their own internal approval processes. As part of the adoption, the approved maximum use levels across all major food and beverage categories have now been defined. This is the last outstanding major approval that will unlock a number of important markets such as India, Indonesia, Thailand, and Philippines. Such countries look for the Codex adoption of a food ingredient to support their evaluation and approval. PureCircle has been actively engaged in these markets on regulatory approval and market development.
http://www.investegate.co.uk/Article.aspx?id=201107080700100150K
Commenting on the Standing Committee vote, PureCircle CEO Magomet Malsagov said "This is an important milestone on the path to securing approval for high purity stevia in the important EU market. We know that there is strong consumer and Food and Beverage demand for stevia in Europe. We look forward to being allowed to supply that demand before the end of 2011".
EU STANDING COMMITTEE RECOMMENDATION FOR EU APPROVAL PureCircle (LSE: PURE) the world's largest producer and marketer of high purity stevia today provides a stevia market update concerning proposed EU regulatory approval of high purity stevia. PureCircle notes that at its 4 July 2011 meeting, the EU Standing Committee on Food Chain and Animal Health voted to recommend the approval of high purity stevia for use as a food ingredient throughout the EU. This is an important milestone in the process for high purity stevia to achieve full EU approval. The Standing Committee has also recommended that the temporary French approval be extended to ensure no disruption in the France market. The next step in the regulatory process for high purity stevia is scrutiny of the proposed regulations by the European Parliament. If these next steps progress well, then it is likely that high purity stevia will be allowed to be used as an ingredient in the EU by November 2011.
http://www.investegate.co.uk/Article.aspx?id=201107050700087563J
http://www.investegate.co.uk/Article.aspx?id=201107010700065264J
Firmenich deal sweetens Pure Circle Date: Friday 01 Jul 2011 LONDON (ShareCast) - Plant-based sweetener-maker Pure Circle has reached a global distribution agreement with the world’s biggest fragrance and flavour company Firmenich. Under the agreement Switzerland-based Firmenich will have exclusive rights over NSF-02, a flavour modifier developed by Pure Circle to be used in combination with its sweeteners. Pure Circle says NSF-02 is designed specifically to work well in combination with its sweeteners, Reb A and SG-95, and sugar or high fructose corn syrup, enhancing flavour, sweetness and taste of food and drinks. Reb A and SG-95 are made with extracts from the stevia plant. The two companies also agreed to collaborate on marketing and regulatory activities to accelerate the adoption of NSF-02 outside the US, where it has FEMA GRAS (Flavor and Extracts Manufacturers’ Association Generally Regarded as Safe) status. “Combining PureCircle's flavor innovation and stevia portfolio with Firmenich's world class expertise in incorporating sweetness enhancement and flavour masking ingredients will accelerate the adoption of our new innovation globally,” Pure Circle chief executive Magomet Malsagov said.
RNS : http://www.investegate.co.uk/Article.aspx?id=201106170844046298I
PureCircle to book one-off cost of up to $15m Date: Friday 17 Jun 2011 LONDON (ShareCast) - Sweetener maker PureCircle said it expects to book one off costs of $10-15m in 2011 after it scaled down production and reduced inventory levels to match current demand and to improve operating cashflows. Group operating cashflows and net debt at 30 June 2011 are expected to be in line with expectations and the actions being taken are expected to improve operating cashflow by more than $20m in the period to 30 June 2012. Inventory reductions are being achieved across the supply chain from leaf to finished goods, it said in a company update. Second half sales and cashflows, which are both currently in line with expectations. Commenting on the one-off charges, CFO William Mitchell said, "The reduction in production levels is temporary as we align inventory to the current market and further improve operating cashflows. The reconfiguration of some production assets provides for flexibility to produce an enlarged product portfolio which is expected to improve future earnings".
Commenting on the one-off charges, William Mitchell, the Group CFO said "The reduction in production levels is temporary as we align inventory to the current market and further improve operating cashflows. The reconfiguration of some production assets provides for flexibility to produce an enlarged product portfolio which is expected to improve future earnings".
PureCircle (LSE: PURE), the world's largest producer and marketer of high purity stevia products, will announce its full year results for the year ended 30 June 2011 (FY2011) on Wednesday 21 September 2011. Prior to entering its close period, the Group plans to make an interim management statement in the week of 4 July 2011 to brief the market on its second half sales and cashflows, which are both currently in line with expectations. After scaling its production in FY 2010 to demonstrate successfully that it can support large brand adoption of high purity stevia, the Group has temporarily reduced its production levels to run down its inventory to better match current demand and to improve operating cashflows. Inventory reductions are being achieved across the supply chain from leaf to finished goods. In addition, the Group is reconfiguring its production capacity to better suit its portfolio of products, now enlarged with the launch of the new PureCircle Flavors product line, including NSF-02. In the FY 2011 results, the Group is expecting to book one-off costs relating to these changes of $10-15m, not all of which is cash. Group operating cashflows and net debt at 30 June 2011 are expected to be in line with expectations. The actions being taken are expected to improve operating cashflow by more than $20m in the period to 30 June 2012.
http://www.investegate.co.uk/Article.aspx?id=201106170700116115I
NASTY BOY
PureCircle (LSE: PURE), the world's leading supplier and marketer of high purity stevia products has been notified of the following purchases of shares by a Director and related family. The purchases were made on 14 and 15 April respectively. Director Number of shares purchased Price per share Mr Paul Selway-Swift 27,000 UKP1.095 50,000 UKP1.075 http://www.investegate.co.uk/article.aspx?id=201104180823120769F&fe=1
PureCircle (LSE: PURE), the world's leading supplier and marketer of high purity stevia products, has been notified by its significant shareholder, Asian Investment Management Services ("AIMS") and its related parties, that following a recent acquisition they currently hold 13,104,229 shares in PureCircle. As a result, the interest of AIMS & its related parties has increased to 8.5% http://www.investegate.co.uk/article.aspx?id=201104070700084452E&fe=1
TB sold these on 24 March 2011 according to the latest RHPS, obviously admitting that he missed it this time. Leaves one wondering why people still follow these tipsters who clearly don't seem to be different to all of us. Poor peole who piled in when it was tipped well above 160p, now it's nearly 100p and who knows where the bottom will be... A reminder to the unsuspecting followers not to pile in on Monday after the tip because the saheres always and always fall sometome they don't even recover!
Today's first half results from PureCircle (PURE) show that sales to get things right are massively deferred and certainly not booked. Stocks have shot up. I reckon losses announced today are going to increase and that this stock should be well below 100p. An extract from the diaries of infamous bear raider Evil Knievil
PureCircle rolls into the red By Lee Wild Date: Monday 21 Mar 2011 LONDON (ShareCast) - Sweetener maker PureCircle fell deep into the red during the first half as sales were slashed by the timing of off take volumes for one of its material global contracts. The firm lost $7.5m in the six months ended 31 December compared with a profit of $2.3m a year earlier. Revenue plunged from $37.5m to $13.6m as sales of Stevia and Stevia extract both fell $12m. PureCircle’s current sales pipeline indicates revenue for the 12 months to 30 June will be between $50m and $60m. That’s less than the $70m being forecast by Westhouse Securities. “With major markets like Europe and India not opening until late calendar 2011, we do not expect to see the true velocity of sales on a global basis to be evident fully before calendar 2012 and 2013,” the company warned. “As such, we continue to anticipate a high degree of sales volatility over the next two years.” Shares in the group are trading at their lowest since the end of 2008, undoing all the good done since recovering from July’s profits warning and September’s disappointing full-year results.
RNK1 - dont think anyone wanted to predict fireworks and as none suspected them ---PURE have a long hard slog ahead of them
Paul Selway-Swift, Chairman of PureCircle, commented "The first half FY 2011 has been a challenging period with sales not reflecting the underlying growth in the Stevia market. We have a highly scaled business model that leaves results sensitive to sales volumes. We remain confident of the long term opportunity. The range of products already launched, the strong consumer reaction to Stevia and the quality of the companies using Stevia regularly all suggest that it is developing into a significant global industry. When it does, PureCircle will be well placed to capture the opportunity. We are well capitalized, the supply chain is ready and we have the strategic partnerships in place to service the global industry."
HIGHLIGHTS · Sales reflect timing of call offs of contracted volumes which are planned to be delivered in H2. · At 31 December 2010 the Group had gross assets of $270m, including inventories of $114m. · The Group has cash and banking facility headroom of more than $50m. · Two additional global contracts signed with new Global Key Accounts (GKA's) · Supply Partnerships with two existing GKA's extended and deepened. · The Company's underlying Stevia sales excluding these GKA's increased 227%. · FY 2011 sales expected to be in the range $50m to $60m. · Nielsen based data shows USA retail consumption of Stevia sweetened products for 2010 totaled $809m, up 126% on 2009. · PureCircle market share (excludes table top sweetener category, includes indirect sales) of USA retail products is running in excess of 90%. · Joint Ventures with Tereos and Nordzucker and partnership with Dohler have been formalized and are operational.