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Incidentally, Coca-Cola already uses Stevia in its "Fanta Still" product in France, where Stevia was already authorized 2 years ago.
France introduces new "soda tax" -- a 1c (EUR) tax on all soft drinks containing sugar!
(in French) http://www.coca-cola-france.fr/taxe/#q01
It's proven very unpopular with companies such as Coca-Cola (threatening to re-consider a EUR 17m investment in upgrading bottling facilities in the country), but the trend is clear... the government needs funds, and unhealthy food & drinks COST the healthcare system millions.
With EU approval of Stevia now imminent, perhaps we'll see a lot more products moving to all-natural sweeteners.
Article: PureCircle gets ready for EU stevia sanction, opens UK office
http://www.foodnavigator.com/Financial-Industry/PureCircle-gets-ready-for-EU-stevia-sanction-opens-UK-office
Could the UK tax unhealthy food?
http://www.bbc.co.uk/news/health-14669203
It would be a great boost to all-natural sweeteners like Stevia if they did!
Artcile about PURE in China (with underlining added)
http://purecircle.com/news/general-news/employee-spotlight-ansen-xu-sales-manager-purecircle-china
Employee Spotlight: Ansen Xu, Sales Manager PureCircle China
Establishing the "new stevia" in China
13-Jul-2011
It takes a special talent to cultivate a business from the ground up and make it fly, but Ansen Xu has it. Upon joining PureCircle in May of 2009, Xu took on the challenge of setting-up a presence for the company in China and developing a distribution network.
It was a daunting challenge in a country where more than 30 stevia suppliers fill the market. But today, as the Sales Manager for PureCircle China, Xu leads PureCircle’s business in the largest country in the world, managing distributors and providing service to key, global food and beverage customers.
Since earning his bachelor’s degree from South China Agricultural University in 1996, Xu has held positions in the laboratories of global ingredient companies including Quest International and McCormick & Co.; and sales and management positions that culminated in his role as President and CEO of the import/export firm Guangzhou Ambition Trading Co., Ltd.
What attracted Xu to join PureCircle, he says, was the company’s ability to deliver “the highest level of quality and operate the broadest base of operations in the world.”
Full-Lifecycle Service
While all customers expect their suppliers to reduce costs – and stevia has the added bonus of doing so naturally – many expect more than a good up-front ingredient price. In turn, Xu stresses the need to “go beyond cost reduction and formulation services to help companies across the full lifecycle of their project. And that is why they come to PureCircle.”
For example, Xu spearheaded PureCircle’s successful effort to gain regulatory approval for stevia in yogurt from China's Ministry of Health. As a result, new yogurt products naturally sweetened with stevia by PureCircle will be launching soon in China.
Xu has also been instrumental in bringing marketing solutions to customers through the Stevia PureCircle® trust mark platform. With support from Xu, the Stevia PureCircle® trust mark has been translated into local languages and PureCircle’s consumer website (www.steviapurecircle.com) has been translated into Mandarin.
The New Stevia
Stevia, used in China for more than three decades, has suffered from flat sales owing to inconsistent quality and taste. In contrast, PureCircle’s supply chain is fully vertically integrated – from proprietary plant breeding to farming to company-owned extraction facilities and a state-of-the-art refinery that provides PureCircle stevia to the world.
The result is, simply, the world’s first, viable all-natural sweetener that can complement sugar in mainstream foods and beverages. The advances are so radical that Xu coined a new name for stevia by PureCircle: “The New Stevia.”
“No other company provides such consistently great taste, texture and quality,” he says.
Making A Difference
Xu has worked tirelessly, frequently traversing major agricultural and manufacturing centers across Beijing, Shanghai, Guangzhou and other cities, suburbs and rural sites across China. As a result, sales in China are “really starting to take-off,” says Chris Hession, Vice President of Sales for PureCircle Asia Pacific.
“We’re now launching new products on a regular basis, and we expect the next six months will see a quantum shift in our business in China,” says Hession, “and this has been largely due to the hard work and resilience of Ansen. We are very lucky to have him.”
Firmenich - Facts & Figures:
http://www.firmenich.com/m/company/about-us/profile/facts-figures/index.lbl
Company foundation: 1895 in Geneva, Switzerland
Group turnover: 2.873 billion Swiss Francs (June 2010)
Average growth per year: 8% (since 1989)
World market share: Around 14%
No. of employees worldwide: Over 6000
Global presence: in 64 countries
No. of operations worldwide: 45, and 26 manufacturing sites
No. of agencies worldwide: 30
R&D centers: 3, Geneva, Princeton and Shanghai
R&D awards: 35 prizes and awards including a Nobel Prize.
Patents presently in force: 1800
Annual turnover invested in R&D: Around 10%
Clients: The world's leading multinational manufacturers of beauty, household and fabric care products, as well as pharmaceuticals, food & drinks.
Flavor segments:
Beverages: liquid carbonated, powder drinks, tea, coffee, alcoholic drinks, etc.
Sweet Goods: bakery, desserts, cereals, dairy, etc.
Savory Foods: snacks, soups, sauces, fats & oils, etc.
Perfumery segments:
Fine Fragrance: men’s and women’s perfume, eau de parfum, eau de toilette and eau de Cologne.
Body Care: hair care, soaps, deodorants, body wash, cosmetics, etc.
Home Care: surface care, laundry care, air care, etc.
Ingredients: Hedione®, Furaneol®, Iralia®,Muscone, Damascenone, Habanolide®, Polysantol®, Dynascone 10® and many more...
Article:
http://www.growthcompany.co.uk/news/1635378/purecircle-looking-sweet.thtml
Ingredients group PureCircle (PURE) has released an update in which it enthuses that sales for the six months to June are up 70 per cent against the same period last year.
The AIM 100 constituent says it expects sales of $40 million (£25 million) for the second half to June, which it adds is 'in line with market expectations.' Sales over the period are described as being 'underpinned' by fulfilment of contracted volumes with its strategic beverage account and by 'continued strong growth' in volumes of its SGP5 and Reb A flavouring products. Net debt for the year to June is expected to be $77 million, $5 million lower than in December. PureCircle specialises in making products from stevia, a natural sweetener with no calories.
Chief financial officer William Mitchell enthuses that 'consumer consumption has increased rapidly over the last few years', adding that American supermarket chain Walmart sells a number of products that include stevia such as flavoured waters, juices and yoghurts. Mitchell observed that Tropicana's 'Trop50' drink contains stevia.
Mitchell is keen to emphasise the potential from yesterday's decision by the European Union to approve the use of sweeteners derived from stevia. He adds the company expects stevia products to go on sale in Europe from 'early 2012'.
Recommended by Growth Company Investor last July at 276p the shares have lost more than 60 per cent since and now trade at 110p. The company has certainly disappointed investors who were impressed by its claim to offer a zero-calorie sweetener, although the latest news from the EU may help to steady nerves. We now rate the shares as a hold.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10912439
PureCircle (LSE: PURE) the world's largest producer and marketer of high purity stevia today provides a trading update in respect of its second half to 30 June 2011 (2H FY 2011). The Company's results statement for the full year FY 2011 will be announced on 26 September 2011.
Sales
In 2H FY2011 sales are expected to be 70% ahead of 2H FY 2010 at about $40m; in line with market expectations. Sales in 2H FY 2011 are underpinned by fulfillment of the contracted volumes with the Company's strategic beverage account and by continued strong growth in Reb A & SG95 volumes to the Group's increasing number of other customers worldwide. In addition the Group has made initial sales of its new proprietary natural flavor system range, NSF-02.
Margins and net profit
With increased sales volumes, in 2H FY 2011 the Group expects to report a positive net margin, before one off charges. EBITDA* for 2H FY 2011 is expected to be in the range of $3-5m. Net margin and EBITDA are both expected to be ahead of the comparable period in FY10.
Cashflow and net debt
The Group is expecting to be cashflow positive in 2H FY2011. This reflects reductions in the Group's inventories due to higher sales, partially offset by receivables that will be higher than at 31 December 2010.
The positive net cashflow will result in a reduction in net debt, which is expected to end FY 2011 at not more than $72m, $5m lower than at 31 December 2010 and ahead of expectations. Further reductions in net debt are expected in the coming months.
The 2H FY 2011 net cashflow is expected to show $20m improvement on the net cashflow achieved in the comparable 2H FY 2010.
The Group total funding headroom at the end of 2H is expected to be at $60m.
Commenting on the 2H FY 2011 trading update, PureCircle CEO Magomet Malsagov said "As expected we are seeing a strengthening in demand for our high purity stevia products. We have also secured initial sales of new natural flavor innovations that were introduced recently to the market. The decisions we have taken to improve cashflow are clearly taking effect. We end FY 2011 with an enhanced customer base in a growing market, diversified portfolio of products with introduction of PureCircle Flavors™ and with sufficient headroom on our treasury facilities. We expect continued growth, however our guidance for high level of market demand remains mid to long term based. Until then, there will continue to be some volatility in our results".
Earnings estimates are in, stock up 6% in London:
06-07-2011 08:44 DJ PureCircle 2H11 Sales up 70% To $40M, Sees Volatility
LONDON (Dow Jones)--PureCircle Ltd., (PURE.LN), a producer and marketer of high purity stevia [a sweetener], said Wednesday sales for the second half year ending June 30 are up 70% to $40 million through increasing customers worldwide and new flavor system ranges, but warned of volatility in its results.
MAIN FACTS:
-Group made initial sales of its new proprietary natural flavor system range, NSF-02.
-Increased sales volumes in second half is expected to result in net margin and EBITDA to be ahead of the comparable period in FY10; 2H11 EBITDA is expected to be in the range of $3 million-$5 million.
-Group expects to have positive cashflow through reductions in the inventories due to higher sales.
-Net debt is expected to end FY 2011 no more than $72 million, $5 million lower than FY10 and ahead of expectations.
-Further reductions in net debt are expected in the coming months.
-Net cashflow is expected to show $20 million improvement on the net cashflow achieved in 2010.
-Guidance for high level of market demand remains mid to long term based; until then, there will continue to be some volatility in results.
-Shares closed Tuesday at 112 pence valuing the company at GBP171.78 million.
By Tyler Stahl; Dow Jones Newswires 0207 842-9355; tyler.stahl@dowjones.com.
(END) Dow Jones Newswires
July 06, 2011 02:44 ET (06:44 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.
News! PureCircle Announces Recommendation For EU Approval
http://www.reuters.com/finance/stocks/PURE.L/key-developments/article/2357587
This is big, although it was always expected. It unlocks a huge market, and possibly unlocks some deals that were in the pipeline with their global accounts??
Things are coming into place very nicely here. Shortly we expect unaudited numbers for the last half of their fiscal year (ended June).
(But, is there any one reading this board?)
And on the back of that global deal with Firmenich, the stock is up 17% today. Not bad!
News: PureCircle signs major distribution deal
http://www.proactiveinvestors.co.uk/companies/news/30115/purecircle-signs-major-distribution-deal-30115.html
PureCircle (LON:PURE), the world’s leading producer of high purity ingredients based on the naturally-occurring sugar substitute stevia, announced that it has signed a distribution deal aimed at accelerating the commercialisation of its new natural flavour: NSF-02.
The global distribution agreement sees Firmenich, the world’s largest privately-owned fragrance and flavour company, gain exclusive rights to commercialise NSF-02 both as a standalone ingredient and within its own products. Meanwhile, PureCircle will retain rights to distribute directly in selected accounts.
NSF-02, which was launched by PureCircle earlier this month, is designed specifically to work well in combination with PureCircle's high purity stevia sweeteners, Reb A and SG-95, as well as sugar or high fructose corn syrup, enhancing flavour, sweetness and taste of food and beverages. The flavour modifier, in combination with PureCircle's high purity stevia sweeteners, delivers a range of better tasting, low cost, natural product formulations, with reduced calories.
“Globally, we continue to see great momentum toward natural reduced calorie formulations,” said Magomet Malsagov, PureCircle’s chief executive officer. “Combining PureCircle's flavour 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.”
Two weeks ago PureCircle announced it was reconfiguring its production capacity to better suit its portfolio of products, which has been enlarged with the launch of its new ‘PureCircle Flavors’ product line that includes NSF-02.
An interim management statement is expected from the firm next week, ahead of final results due to be released in September.
News: PureCircle Extends Distribution of High Purity Stevia in Canada through Partnership with Unipex
http://www.purecircle.com/news/general-news/purecircle-extends-distribution-of-high-purity-stevia-in-canada-through-partnership-with-unipex
"new distribution agreement with Unipex, a leading distributor of ingredients to the cosmetics, pharmaceutical, specialty chemical and nutrition industries. With this agreement, Unipex becomes the exclusive distributor for PureCircle’s Reb A 97 and SG95 ingredients within Canada"
"Currently, stevia is approved for use as a non-medicinal ingredient (sweetener) and medicinal ingredient in natural health products (NHPs). Health Canada is evaluating stevia for approval as a food additive in food and beverages."
A recent article with commentary from PureCircle's VP Global Marketing: http://www.foodnavigator-usa.com/Market/Stevia-Moving-beyond-the-holy-grail-hype
Maybe this is why price is dropping lately, although to my eye it appears to contain just as much good news as bad:
Trading Update from Jun 17, 2011
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10894688
"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.
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"."
PURE.LON has dropped 20% over the past few days, but I'm not sure why. In any case, existing institutional investors and/or mangement always seem to increase their position when it does, which is a good sign.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10894942
"PureCircle (LSE: PURE), the world's leading supplier and marketer of high purity stevia products has today been notified by its significant shareholder, Asian Investment Management Services ("AIMS") and its related parties, that following recent acquisitions they currently hold 14,144,229 shares in PureCircle. As a result, the interest of AIMS & its related parties has increased to 9.2%."
So AIMS has increased their position by 1m shares or just over 7% more than they held previously.
I wish I could find a broker who permits trading of the London PURE (AIM in London, as opposed to US-listed PCRTF which has dismal volume). If anyone knows of one, please let me know.
Tykün
Also, 2 recent news items:
PureCircle Announces New Breakthrough Natural Flavor Modifier
http://www.purecircle.com/en/purecircle-announces-new-breakthrough-natural-flavor-modifier-_1306.html
Doce Menor launches 100% stevia, naturally sweetened with Stevia PureCircle®
http://www.purecircle.com/en/doce-menor-launches-100-stevia-naturally-sweetened-with-stevia-purecircle-_1304.html
The word "Stévia" make it into the official French language dictionary today!
http://www.ruedesinfos.fr/2011/06/06/les-nouveaux-mots-de-la-langue-francaise/
Let's hope full EU approval of RebA (expected this year) follows shortly
Tykün
Which brokerage for PURE.LON??
I just learned that you cannot trade PURE.LON on Interactive Brokers.
"IB: We do not offer Pure Circle Ltd. for trading at all, this is because we are not licensed to trade stocks listed on the AIM segment. At this time we have no plans to offer AIM listed securities in the near future."
Big bummer! And it's the same with SwissQuote, although they let me buy some "by accident" and now I have to move my shares to another brokerage account in order to sell them or buy more.
Does anyone have access to trade PURE on the London AIM exchange? It's a special equity, since it's Bermuda-based (ISIN is BMG7300G1096)
TIA if you can help.
Tykün
2 Pure Circle directors buying shares on the open market:
------------------
Dealing In Shares
25.03.2011
PureCircle Limited
(“PureCircle or “the Company”)
Dealing In Shares
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 1) a Director and 2) by a Director and related family. Both purchases were made on 24 March 2011:
Director Number of shares Price per share
Mr Magomet Malsagov 200,000 £1.08
Mr Paul Selway-Swift 20,000 £1.059
For more information:
PureCircle Limited (www.purecircle.com)
Magomet Malsagov, CEO +60 1 2388 8049
William Mitchell, CFO +44 7974 005 163
RFC Corporate Finance (NOMAD) +61 8 9480 2500
Steve Allen
Wow, 2 million shares in 2 trades just now:
(taken from http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=3&fourWayKey=BMG7300G1096GBGBXAIM&formName=frmRow&upToRow=-1)
Somebody is loving these prices. That's almost $3,500,000 worth!
Tykün
Thanks man. The guy I talked to at Fidelity said I would have to set up an "international account", which I can't do with my IRA (which is were all my trading $ are now).
I'll have to give it some thought. Thanks.
Frank.
Bummer. Interactive Brokers won't let me trade PURE in London either. I have a Swiss brokerage account though, and I can phone orders in for PURE (and have the pleasure of paying $60 a trade!). Have you tried phoning one in with Fidelity?
I'm actually not sure what the correlation in between PURE.LON and PCRTF, and there is currently no bid and no ask according to http://www.otcmarkets.com/stock/pcrtf/quote
You may want to try in Frankfurt... the ISIN is BMG7300G1096
See here: http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=BMG7300G1096
But in FF the volume today was 15k shares, whereas we're over 3.4 million in London.
Great stock, if you can get some
TYK,
yes, that is some crazy volume on the LSE!! Someone obviously knows something. However, there is no correlation on the OTC at all? 10 day vol is 335 shares? I just got off the ph with Fidelity (my broker) and I can not trade the LSE in my account.
The OTC PCRTF is too illiquid for me, I'm trying to stay away from the really thin ones, actually trying to unload some now.
I guess I'll just have to let you make all the money on this one. Let me know how it feels, I can't remember.
Well, I gotta go and lick my CCME wounds now. Take care.
Frank.
Frank, good to see you here! Yes, I hear only echoes of my own voice in this forum.
But you can see from my posts that I'm very bullish on PureCircle mostly because the share price has fallen from 240 (when I first started looking at them) to 100, and IMO represents an excellent opportunity to buy in.
Today's volume in London is 4x the monthly average .. 70x the daily average. HUGE day, and huge blocks.
If you're a buy & hold kinda investor, this is a great company IMO.
Tyk
Hi guy...a bit thin on the posts here eh? I'm new to this one but will check it out. Thanks.
Frank
Some large trades going through just now in London: $1 million block just went through, and multiple over $300k.
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&fourWayKey=BMG7300G1096GBGBXAIM&formName=frmRow&upToRow=-1
But it would appear I'm talking to myself...
Helloooo.. is there anybody out there? This is a great investment opp IMO.. wish I had somebody to tell it to
TDG
A good Motley Fool post about PURE
http://www.fool.co.uk/news/investing/company-comment/2011/03/23/sugaring-a-bitter-pill.aspx
My pitch for Pure Circle (PURE.LON & PCRTF.Pinks)
Pure Circle harvests, refines and resells Stevia-derived products to the F&B industry.
http://www.purecircle.com/
They hold many patents on refining high-purity Stevia and Stevia-derived all-natural sweeteners. Stevia is a plant-based sweetener, 10x (?) sweeter than sugar (a highly purified Stevia product called Reb-A is 400x sweeter), by mass. It also requires dramatically less land and water as a crop than sugar (and lower carbon-footprint due to transport). It's totally acceptable for diabetics -- zero calories, zero glucides! The product has a shelf-life of 3 years, so inventories are easy to handle, and they currently have about 1 year's supply sitting in inventory.
They invested heavily on production capacity in the past (virtually no more investment needed for now.. have plenty of capacity). Have started plantations in dozens of countries around the world, but are keeping production levels low until the demand grows.
Have signed many global and regional partnership with major F&B (food & beverage) companies, including 8 of the top 10 largest F&B companies in the world and 20 global key accounts including Pepsico, Coke, Cargill, Unilever, and Kraft. Many are in trials, and Pure needs to be able to guarantee production capacity in order for them to sign-on (hence why they spent so much in the past). Many products are already using their products (hundreds of SKUs ?). Pure already has 90% of the natural table-top sweetener market in the US.
FY2011 (end June) is projected to be $50-$60m, with net profits ~$20m (I'm taking 45% gross margin and $10m fixed op-ex to get this number, in-line with what they mentioned on the conf call). This past half was terrible because of the delivery timing. The current share price (GBX 105, or GBP 1.05) puts the forward P/E around 20.
Growth in the US alone is triple-digit. Europe and Asia Pacific are expected to give approval later this year for some key products, which should unlock many other SKU offerings and help boost triple-digit growth to even higher levels.
Pure is engaged in an awareness campaign also (setup a Stevia institute, co-branding with partners, etc.). When you think how aware we are becoming about diet & nutrition, and that sugar-free F&B products contain carcinogenic artificial alternatives.. Stevia has a bright future.
IMO, this is a multi-bagger in 3-4 years. I've been following them for about 2 years now, and always found the PPS to be too expensive, and the profitability too far out, but I feel that we're almost at the all-time low and the groundwork has all been laid... this could be the bottom. Today's PPS is 66% off the all-time high, and 45% off the IPO price in 2007.
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary-chart.html?fourWayKey=BMG7300G1096GBGBXAIM
Tykün De Gex
(N.B. Do not confuse this company with PURE trading on Nasdaq... that is Pure Bioscience). This is PURE on the London AIM, or PCRTF on the US pinks.
Conf call Transcript & Slides
http://www.purecircle.com/fy2011-interim-results---slides-transcript-and-audio-file-_1299/
PURE is down 21% on the week. Good buying opp?
Interim results for the six months ended 31 December 2010 and Quarterly Stevia Market Update
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10817839
Ouch.. not nearly as good as expected. Share are down over 5% on the London AIM exchange at the open.
Still a great long-term investment IMO though, as some of their pilots with large food companies move into definitive product launches.
Tykün
---highlight from the PR
· 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.
PURE Investor conf call
PureCircle Limited
("PureCircle or "the Company")
Investor Conference Call
PureCircle (LSE: PURE), announces that the investor conference call to be held following the release of the interim results on Monday, 21 March 2011 will take place at 2.00 p.m. London, 10.00 a.m. New York, on 14 March 2011.
Details of the call are reproduced below:
Dial in Number: +44 20 3140 0668 (as dialed from USA: 011 442031400668)
Participant Pin: 485743#
The results presentation will be available to download from PureCircle's website at www.purecircle.com, prior to the conference call on Monday, 21 March 2011.
A downloadable audiocast and transcript will also be available within 24 hours after the call on PureCircle's website.
Video reports of Stevia use in Swiss chocolate:
http://worldradio.ch/wrs/news/video/villars-sweetens-chocolates-with-stevia.shtml?18338
Malaysia-based Pure Circle (www.purecircle.com) offers a NHIS (natural high-intensity sweetner) called Reb A derived from the Stevia plant.
It's a is zero calorie all-natural sweetner, 200x sweeter / kg than sugar, takes 1/3 of the land crop space to grow (and thus water, staff, etc.), and has a low glycemic index.
More info here: http://www.reb-a.com
The company has invested a lot of money in production, refining, and infrastructure, and have signed some great pilot-clients like Pepsi and a recent JV with Imperial Sugar.
Last FY shows net earnings of $11m on $60m of revenue. 2010 should be higher and with less capex. Next quarterly earnings due on on Monday March 22, 2010.
Current price is quoted on the AIM in London as GBX (GBP pence, or 1/100 of a pound sterling). Price as of this message is 235 GBX, and a P/E of 47.
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symbol PURE on London AIM
symbol 4PC in Frankfurt
symbol PCRTF on US OTC (pathetic volume)
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