Member Info for chrisc32

Thanks for posting that - a very good read. 7.7% growth is very strong too. The market sentiment looks to be very positive on the semiconductor industry for the coming year. Hopefully we'll start to see this reflected in the PUR share price before too long.

Agree with your target in the 20s tony.s. My target is 20p, market cap c 25m GBP. Sounds about right given the positive EBITDA and tangible NAV of 10m GBP. In fact, I may up that target depending on the outlook in the full year results 1st week Oct. All IMO, DYOR and all that. All the best!

Little tick up back t o 7p on the offer today. Difficult to buy in any volume still at present.

Wondering if we're due another sharp upward move?

Yep - good to see the buying interest today. Definitely a hold or add for me at these levels. Whilst theSP has appreciated considerably this year, the market cap at now just under £8m is still below NAV and gives no value to the PUR's excellent cash generation of around £3.75m per annum based on the interims. A look at the long term chart and comparisons with other possible investments always strengthens my resolve to hold/add at these levels.

Seems a lid is being kept on the share price in the short term. Very difficult to buy in any kind of volume it seems

Hey Tony.s, We've been seeing a bit of consolidation, but I agree that the upward trend us likely to reassert itself soon with results due in the first week of October. EBITDA of perhaps between £3.6m and £4m per annum should lead to a revaluation with the market cap currently sub £8m. Well, that's my theory. PUR is trading at just around 2x EBITDA which seems bonkers. It also trades at less than tangible NAV which seems equally bonkers. Especially when 9% growth is forecast in the semiconductor industry on 2013.

I agree entirely. Still trades below Net Asset Value, and expecting EBITDA in the region of £3.75m to £4m on a market cap of less than £8m. However, this share is so off radar. Hopefully the results will get PUR noticed.

... should be soon. Nice to see a tick up.

A look at the long term chart shows from where we have come. Following on from the Funchal crisis, many shares recovered strongly in terms of their SP. For whatever reason, maybe due to the suspension and placing, PUR didn't. But a look at the mist recent results and trading statements show a company in good health and showing strong growth. Whilst there's 5x dilution to take into account, I believe there's a long way to go before anything resembling fair value is reached. All IMO. DYOR. A company throwing off close to £4m per annum in cash should not be valued at just over £8m in my view. At IPO, PUR was valued at £38m. The company is running at best ever levels of productivity across 2 plants. It has the solar business now too. Yet it still trades at less than it's tangible NAV, with no value given to the EBITDA it creates. The full year results should hopefully show that the debt is proving manageable. Bank loans have just 22 months to go. Asset based debt 32 months. Interest payments will be reducing. It operates in a growth market, and has been growing market share. The key here is that the strong cash generation and EBITDA is masked by the considerably depreciation of fixed assets, leading to reported earnings losses. The underlying strength of the business is not represented by the EPS or P/E figures. Therein lies the opportunity. As ever, do your own research and make your own investment decisions.

With the excellent performance of the core reclaim business, I'd almost forgotten about the solar research with Swansea Uni. Thanks for the reminder. Just a touch of profit taking, which suggests that the vast majority of holders see much more upside to come.

Look at the frequency of posts ... this one hasn't even got going yet. Market cap still under £8m based on 127m shares currently in issue. Tangible NAV circa £9.5m at Dec 11. EBITDA will likely be £3.5 to £4m for the full year Totally undervalued IMO. Expecting a share price in the teens. Targeting 20p/share.

Yep, good to see buying interest and the SP react accordingly. Should see continued strength into full year results IMO. Still think this share is dramatically undervalued ... time will tell.

http://www.cambridge-news.co.uk/Business/Private-Punter/No-longer-at-the-thin-end-of-the-wedge-14082012.htm

http://www.electroiq.com/articles/sst/2012/08/semiconductor-segments-ready-for-strong-annual-market-growth.html Article has cumulative average growth rates (CAGRs) for "Total semiconductors" at 8% per annum from 2011 to 2016.

... going straight to negotiated trade at present, can't get a quote for even £500 worth online. Think a tick up is coming with any sizable buying

Huge potential IMO. Expecting EBITDA for the full year to be in the region of $6mm, with cash generated from operations perhaps exceeding this figure. That's just under £4m per annum for EBITDA and in positive cashflow. Market cap of just over £6m means it trades at a little over 1.5 x EBITDA. As is discussed up the thread, it's the rapid depreciation of fixed assets here that has been masking the very strong recovery and excellent performance that PUR has achieved of late. Yet to be reflected in the shareprice which looks hugely undervalued (all IMO). I have a fairly large holding, so am understandably bullish of course. :)

Looks good to me too. MACD just turning positive after post-update consolidation. With the low volume and low general interest in this share, the current resistance which I also see at around 5p needs to be broken. However, I'd be very surprised if the SP remains at these levels with results drawing closer by the day. To me, this share has the potential to multibag from its current levels, and the forthcoming results may be the catalyst that drives a strong rise. Definitely a DYOR research, as the debt, repayments and cashflow need unpicking a little. To me, everything looks rather rosy in the Pure Wafer garden at present.

Hopefully an indication that PUR are scaling up further on the back of increasing demand http://jobview.dcourierjobs.monster.com/Production-Supervisor-Maintenance-Tech-Process-Engineer-Job-Prescott-US-112867733.aspx

... ticking up on every buy. Now 5p to buy. Those full year results will be with us before we know it. :)