PureCircle Ltd. (PCRTF)

[tykundegex]

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.