focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Future growth for stevia should come after regulatory approvals in such markets as India and Indonesia. Pure need to tap into these new markets with their partners. In addition, this year Coca-Cola (in Argentina) launched Coca-Cola Life, a soft drink that is sweetened with sugar and stevia. We need Pepsi to follow with similar trials so both companies move worldwide stevia based new drink products. Then we will see £10 and beyond ...
... and a nice 63K buy in the afternoon ... looking solid again!
LP 10.5p
• Dividend policy - the Directors intend to adopt a progressive dividend policy going forward. • It is expected that the first dividend will be paid in October 2014. Tony Ryan, Chief Executive of Mar City PLC, said: "We have had a very strong response to the fundraising which we believe is transformational for the Company and we welcome our new institutional shareholders to the Company." "The transaction secures a strong pipeline of new residential developments, some of which are already underway and the significant new capital will be employed to acquire an additional land bank for future residential developments in London and the South East. "Both of our core markets in London and the Midlands continue to strengthen and with the new funding in place we can look forward to the next stage of the growth. Mar City is an established residential house builder, providing high quality new homes to both the private and public sector in the UK market." The Definitions which apply in the Circular have been used in this announcement. Mar City PLC: www.marcityplc.com Mar City Homes: www.marcityhomes.com
• As expected the trading performance of the Group in the second half of the year has been significantly stronger than the first half of 2013. • The continued increase in revenues has been driven through the ten contracts currently in place covering 648 houses and apartments. • By the end of this year the Directors expect that of the £56 million of contract value currently secured a total of circa £35 million will have been completed. • Over the course of the next year the Directors will be aiming to acquire (in addition to the Acquisitions) approximately £40 million of new land which will be financed through a combination of existing resources and bank debt. • Further sites have already been identified and negotiations to acquire some of the sites are already well advanced. • Having its own land bank will allow the Group to build both for the open market and for the affordable housing sector. • The open market is currently being boosted by the Government's Help to Buy scheme while the chronic shortage of housing gives the Directors confidence that the significant demand for affordable homes will continue. • The Company's three year strategy objectives include increasing the average selling price per unit to circa £250,000 by the end of 2016. This will be achieved through a combination of achieving higher average selling prices that are attainable in London and the South East and the management team targeting market leading gross and operating margins over the next three years.
• Mar City has entered into conditional contracts to acquire eight plots of land in the Midlands for an aggregate consideration of approximately £30.8 million. • Over 500 housing units in total with planning permission granted on all sites and four of the sites are already under development. • The aggregate consideration is to be satisfied as to £25.8 million by the issue of 322,418,763 New Ordinary Shares credited as fully paid at the Placing Price and £5 million in cash. • Mar City is also pleased to announce that WH Ireland Limited and Shore Capital Stockbrokers Limited, as joint bookrunners, have raised approximately £35 million (gross of expenses) through an oversubscribed placing of 437,500,000 New Ordinary Shares in the capital of the Company at a price of 8 pence per share ("the Placing"). • Use of net Proceeds from the Placing: • £5 million of proceeds of the Placing will be used to settle the Cash Consideration due under the terms of the Acquisition Agreement and Property Acquisition Agreement; and • the balance, approximately £28 million will be used to fund further land purchases and to provide general working capital to the Group. • Proposed 1 for 10 share consolidation. • General meeting to approve the necessary resolutions to implement the proposals has been convened to be held on 16 Decem ber 2013.
http://www.sacbee.com/2013/11/28/5953868/global-sugar-substitute-market.html Already up to 475p ...
Tosh mate, I struggle to argue with your projections ... £5.00 before Xmas is realistic (not optimistic).... As for £10 .. yes, but we need some new contracts or lateral expansion of our existing core business. ATB.
Look, with PURE you are buying into future potential and the scale of the prospective contracts ... You need to research the Stevia Plant and the impact to the soft drinks market of a low-cost, natural sugar substitute with no calories and what this will have on a worldwide scale ... PURE may be relatively small in size but it has vision much larger than its market cap. Now, the demand for diets with low-carbohydrate or, specifically, low-sugar content includes artificial sweeteners that are now being cited as harmful. The 'solution' to these dietary problems could very well be Stevia; hence it perpetual growth.
I predicted 400p before Xmas ... and whola, we are there as early as November ... what a share!
today .... as long the SP remains around 11.5p before then next push, then I am happy. Well poised for a break.
Thank you for keeping this BB alive .... Before you, there was only a few of us on board. I think you highlight the untapped and future potential very well. ATBM.
yep, disappointing start to the morning.
Low volumes today. MAR has struggeled to pass through and remain above 12p. Even supported by £14m contract, the RNS failed to break above 13p or close above 12p. I still remain confident. This is share is about mid-long term objectivety and not short term gains. With each dip we have consilidation, and with each sell new investors buying in or existing pi's topping up. This makes the MAR much (much) stronger in the mid-long term.
Upwards !!! ... a tasty 4.5% rise to 364p .... a truly stress free holding ....
I was expecting a similar reaction to CICC RNS (no rampting intended). Within 10-minutes of RNS a 30%+ rise.
Hi Sage, agreed, time is certainly on our side. Maybe I'm being greedy but it would have been nice to break 13p today ....
... a rather muted response by the market.
A 30% rise today would represent 3.5P ... yeah?
For my wallet!