The Times what a waste of ink!9 Jul 2009 08:51
I preferred robert lindsay in “My Family”
From The Times
July 9, 2009
Not so sweet for PureCircle
Robert Lindsay: Smaller companies
PureCircle, the producer of a new zero-calorie sweetener, left a sour taste for investors when it revealed that debt had risen above expectations and that it was in talks to raise new bank loans.
Why’s that then robert could it be to establish and upgrade plants and plantations in kenya,china, paraguay and elsewhere?
Reb-A, extracted from leaves of the Stevia plant, has been hailed as a potential rival to Tate & Lyle’s Sucralose. PureCircle’s shares soared as high as 286p after it completed a factory in China on schedule and on budget, but they fell 34p to 162½p when it unveiled sales and profit that were lower than expectations. Debt for the year would be as high as $49 million, it said.
Why’s that then robert could it be to establish and upgrade plants and plantations in kenya,china, paraguay and elsewhere?
Iain Staples, an analyst at Noble who said a month ago that production forecasts looked optimistic, given problems with leaf quality and poor harvests in China, said that a dilutive share issue looked like a possibility. “This is not good coming before there is a proven appetite for the product from consumers,” he said.
By 1994 stevia reportedly comprised 41% of the sweet substances consumed in Japan! (No proven appetite?)
Talk to Coca Cola & Pepsi, Cargill