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Saw this posted over on another site Vin has built too much of a reputation to look after to go around fleecing investors. She's smart and she's sharp but she's no crook. She joined Softcat around the IPO and bought £1m of stock at just below 400p a year ago. Today the stock is 800p. If you look back at what she did with BSG using it as a platform to build Advanced Computer Software upon, it was incredibly clever. Vin extracted immense value from what was essentially a listed lifestyle IT hosting and reseller business. I fully expect she will use IMTK in a similar way for whatever she has in mind. In for the LT here and comfortable that this price will look cheap in 12 months time. No ramp, just my view.
2 things: 1. Facts are based 100% on facts. Let's say first hand knowledge :-). You are the one spouting nonsense. 2. You talk about the trouble it's HAD paying suppliers and about doing credit checks. Credit checks are HISTORIC so irrelevant to the current cash position. Please stop the BS. Happy Holder.
Theo. Thanks for the thoughts but they are starting to ramble and repeat. For the record the company is dealing admirably with suppliers and those on payment plans are very satisfied and likely to extend further credit in the future. Thats a fact btw. It's not atrocious, it's what you do if you need to. Cash management is smart. Will the SP more than double in the next 3-6 months. I strongly believe it will.
Unoccupied buildings will produce further cost savings of course once dealt with. Good times ahead.
Hey Rodeoboy - another 1 post wonder. OK ill be more specific. Suppliers are being paid. On agreed terms in some cases but they are getting paid. Thats just great cash management at this stage as they move into cash generative territory.
Fully agreed Jimbob. I reckon Theo is a disgruntled ex employee. I'm very confident suppliers are being paid..just a strong gut feeling let's say.
Of course a company coming out of a bad period will be managing cash carefully. Setting up payment plans with suppliers is normal practice in such situations and a smart way to move ahead. I think holders will be in for a nice surprise with the next update... Its important to understand the full picture.
This is very positive as it differentiates the Pure product offering and cuts time to market. Great to see this kind of innovation happening. Superb long term buy at these levels. Director purchases and recent placing at 550-600p+. PureCircle Announces New Family Of Stevia Ingredients For Category Taste Breakthroughs At IFT 2015 CHICAGO, July 13, 2015 /PRNewswire/ -- PureCircle announced a new line of stevia ingredients at the 2015 Institute of Food Technologists Annual Meeting & Food Expo that delivers taste innovation surpassing other options available today. PureCircle Matrix Solutions is a new family of stevia ingredients that have been optimized for specific category applications and performs more similarly to sugar enabling deeper calorie reductions. "We are truly proud to be able to bring our customers this great new line of products," said Jason Hecker, PureCircle's President of Group Sales and Marketing. "Our tailored approach to innovation is unique in the industry. Matrix Solutions brings together more than a decade of PureCircle research and development and offers the very best of taste innovation to our customers." The PureCircle Matrix Solutions family includes new stevia ingredient Sigma-T, an ingredient with a clean sweetness profile, reduced astringency and bitterness and a sweet aftertaste that performs parity to sugar at mid-level sugar reductions. It joins the first product in the Matrix Solutions Family, Sigma-D, a dairy specific ingredient with a clean sweetness profile and preference to Reb A on key attributes, such as bitterness and licorice aftertaste. It has enabled customers to achieve no sugar added solutions with natural-origin, zero calorie sweeteners for the first time and was launched at Health Ingredients Europe in December 2014. "The ingredients significantly outperform first generation Reb A solutions and come from our deep understanding of steviol glycoside research," saidJohn Martin, PureCircle's Global Director for Technical Development and Innovation. "To see them perform similar to sugar on key attributes in our sensory panels is really an accomplishment." PureCircle Matrix Solutions brings together the company's expertise in working with the stevia leaf and its proprietary, predictive modeling technology to give customers a superior stevia solution for different food and beverage categories that cuts development time by 30 - 50 percent. "Understanding the complexity of the leaf and how it works in specific product applications can take up a lot of development resources and time, but these solutions take the guesswork out of stevia development," Martin said. PureCircle's food scientists at its Centers of Category Excellence have spent years working on Matrix Solutions, building upon steviol glycoside research learnings since the company's inception. PureCircle expects to expand the family of ingred
http://www.telegraph.co.uk/news/uknews/road-and-rail-transport/11569453/All-cars-must-have-tracking-devices-to-cut-road-deaths-says-EU.html Telit is at the front of the queue to benefit from the new EU eCall legislation. See extract from recent market update by Telit: In April 2014, we completed the acquisition of the Automotive Telematics On-board unit Platform (ATOP) business from Netherlands-based NXP Semiconductors (Nasdaq NXPI). ATOP is an automotive grade solution for vehicle manufacturers to implement eCall or similar functionality from a single compact and cost efficient package. The ATOP product family delivers reduction in complexity and minimized costs in vehicle designs while improving customer data security and regulatory compliance. At the same time, we launched Telit Automotive Solutions, a new business unit which is to focus exclusively on the Automotive OEM and Tier-one markets. The acquired ATOP business unit has been fully integrated into Telit Automotive Solutions, expanding its market reach with solutions leveraging the expanded engineering and sales expertise, particularly in software-centric RFIs from Automotive and Telematics OEMs. The company first achieved automotive-critical global ISO/TS16949 certification in July 2012 and maintains one of the industry’s largest product portfolios for the automotive sector with particular emphasis on advanced technologies such as LTE and HSPA+. Industry analysts remain bullish with respect to the growth of M2M in automotive over the next several years. Analyst firm IHS™ Technology in its “Cellular Modules for M2M” report published in May 2014, indicated that the sector will sustain a CAGR of 35.3% (2012-2018) with shipped volumes going from 11.6 million in 2013 to 16.4 million in 2014 and 52.2 million 2018. The firm attributes the strong growth to three principal drivers: overall sustained global economic recovery, pending government legislation (such as eCall - Europe, Contran 345 - Brazil, ERA GLONASS - Russia) and expansion of LTE networks worldwide.
Boschfridge - my understanding is that the big one to come is a large German auto company. Full listing also on the cards at some point potentially.
From Citywire A visit to stevia sweetener supplier PureCircle (PURE) has given Liberum analyst Sophie Jourdier confidence that the company can hit 30%-a-year revenue growth. Jourdier retained her ‘buy’ recommendation and target price of 650p on the shares, which edged 0.5% lower to 572p yesterday. ‘The high calibre of PureCircle’s personnel came across and we came away reassured in our forecasts for c.30% per annum revenue growth,’ she said. ‘Food applications for stevia sweeteners are now fast growing, eg ice creams, Heinz tomato ketchup. This adds to the rapid growth from major beverage launches such as Coca Cola Life, Sprite and Pepsi True. ‘PureCircle remains the dominant global stevia sweetener supplier with 80% share and we believe [it] is extending its lead through its growing portfolio of stevia products and expertise in creating specific formulations for customers while guaranteeing quality and traceability.’
Liberum Capital has upgraded its recommendation on sugar-substitute producer PureCircle [LON:PURE] to ‘buy’ from ‘hold’, stating that the recent share price fall is unjustified. The shares have slipped by 5 per cent in the past month and are down by 11 per cent on a three month view. The broker also highlighted that the company’s first half trading update confirmed strong demand for its stevia products with sales up 24 per cent. “Recent launches of major stevia-containing carbonated soft drinks (CSDs) suggest PC sales are on track to reach $0.5bn on a 5-year view,” analyst Sophie Jourdier added. “After the 2014 refinancing and $44m placing PC has sufficient funds for the next stage of investment.” The broker left its target price unchanged at 650 pence a share. Separately, Numis upgraded its recommendation to ‘buy’ from ‘add’ (target left unchanged at 700 pence) on the back of yesterday’s first half update. The broker said: “A solid update, although it is early days as sales are very H2 loaded (65.5% arose in H2 last FY). “It was almost certainly the case though that the launch of CocaCola Life etc. had relatively limited impact on H1 sales so the benefits of this have yet to be reflected in the P&L.” - See more at: http://www.stockmarketwire.com/article/4953701/PureCircle-upgraded-by-Liberum.html#.dpuf
Purecircle said its earnings in the July-to-December period, the first half of its financial year, would come in at least 50% higher than those a year before. And it signalled further improvement ahead, saying that the "full net profit benefit" of its "geared business model" – PureCircle has been operating at a relatively low level of capacity and high level of fixed costs, meaning that any rise in revenues achieves a large rise in margins and profits – will only become evident in the current, January-to-June half. "With accelerating roll-outs of food and beverage products using PureCircle's stevia solutions," particularly in soft drinks, "the company is confident of continued sales growth and with it improvements in profitability," said Magomet Malsagov, the group's chief executive. "We are generating revenues from a wide range of natural sweetener and flavour products and from a wide range of customers." "There was growth in sales across all our global sales regions and in all of our ingredients," the group said, highlighting the launch of Coca-Cola Life in the US, Mexico, UK, France and Sweden, and Pepsi True in the US. The statement was well-received by broker Mirabaud, which raised to "buy" from "neutral" its rating on PureCircle shares, albeit keeping its price target for the stock unchanged at 630p. "The market for high purity stevia is evolving rapidly, with main brand cola line extensions in the US and other important markets from Coca-Cola, though Coca-Cola Life, and Pepsico, through Pepsi Next, Pepsi True - and the reformulation of carbonated soft drinks such as Sprite and Fanta in selected geographies," Mirabaud said. "And that is just in carbonated soft drinks. Stevia has already penetrated the non-carbonated beverage and food sectors, and customer product innovation is very active across all categories." Numis raised to "buy" from "add" its rating on the shares, with analyst Charles Pick terming PureCircle's statement "solid" and highlighting that the benefit of Coca-Cola Life roll-outs "have yet to be reflected" in profits.
Following successful global launches of Coke Life and Heinz Ketchup reduced sugar products among many other stevia formulated products over the last 12 months, Purecircle announces a drive to target category specific markets such as diary. Born from PureCircle's highly successful Stevia 3.0™ platform, Sigma-D is the latest PureCircle stevia product to be launched by the leading global producer and marketer of high-quality stevia products. Sigma-D is targeted specifically at successful sugar reduction within the dairy category, performing at parity to sugar on key attributes while providing superior taste performance. Stevia adoption rates have been on the rise in recent years, and many manufacturers are now realizing the opportunity to offer mid-calorie products to their consumers with natural origin sweetness. Sigma-D is a response to this continuing trend and designed to unlock the dairy category, which has traditionally presented more complex challenges for formulators looking to reduce sugar while maintaining texture, indulgence and mouth feel. The new, high purity product provides a combination of steviol glycosides to optimize taste and has been developed through PureCircle's well-established experimental design and predictive modelling capabilities. "PureCircle's highly successful Stevia 3.0™ approach is leading the industry and the latest developments have led to Matrix Solutions that can bring category specific benefits," said John Martin, PureCircle's Global Director of Technical Development and Innovation. "What works in a carbonated soft drink is not necessarily going to be the right solution for an acidified or sweet dairy product. By understanding the sensory contribution of the different glycosides and how they interact in different product matrixes we can help select the best solution for the formulation goal and the result is continued innovation within our proprietary portfolio of high purity stevia sweeteners." Sigma-D will be the first category specific launch from the PureCircle innovation pipeline.