Evolva’s stevia sweetener is due to be launched in 2016, and we expect the agreement with Cargill for Evolva to exercise its option for 45% participation in the stevia JV to be finalised before the end of 2015. With these catalysts on the horizon and a well-capitalised business following the September rights issue, we believe the current share price offers a good entry point. Our fair value is CHF1.87 per share.
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Tastes good
Evolva’s stevia sweetener is due to be launched in 2016, and we expect the agreement with Cargill for Evolva to exercise its option for 45% participation in the stevia JV to be finalised before the end of 2015. With these catalysts on the horizon and a well-capitalised business following the September rights issue, we believe the current share price offers a good entry point. Our fair value is CHF1.87 per share.