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Stuart Wooldridge  

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  • Investing In The Sweet And Potentially Lucrative Stevia Pie [View article]
    Interesting approach. I may stand corrected, but I believe that using the special yeast may make the product require GMO labeling. As we know, in the LOHAS market, that's not going to be positive.
    Feb 7, 2014. 09:31 AM | Likes Like |Link to Comment
  • Investing In The Sweet And Potentially Lucrative Stevia Pie [View article]
    Lawrence - GLG grows its stevia entirely in China. Our production plants can produce 1500 tons of high-grade product, compared with 2000 by PureCircle. (In 2010, Pure Circle and GLG both had revenues between $55 and $60 million.) They successfully diversified their customers, and now we are playing catch-up. We think that they may have difficulty sourcing leaf as the market continues to grow.
    While climate change happens everywhere (and a lot of it is blamed on China), the provinces where it grows have been spared. We have both exclusive growing areas and contracts with individual farmers and cooperatives. China supplies 80% of the world's stevia, and this is unlikely to change, still labour intensive. Our supply chain and production facilities are also regularly inspected by third party agencies and our large customers, since there is always concern with food products from China.
    Feb 5, 2014. 11:39 AM | Likes Like |Link to Comment
  • Investing In The Sweet And Potentially Lucrative Stevia Pie [View article]
    PureCircle is a good company, but it has a market cap of over one billion. And that is GBP!!! GLG Life Tech (GLG on TSX) has a market cap of $20 million or so. So, granted GLG's sales are about 25% of PureCircle's, it doesn't make much sense for the company to be valued at less than 2%. (Full disclosure, GLG is a client of mine.) With the news today that GLG has had the shareholder lawsuit dismissed, a lot of the gloom that has hung over the shares wlll lift.
    Feb 3, 2014. 03:15 PM | Likes Like |Link to Comment
  • Will Government Tobacco Subsidies Move To Stevia? [View article]
    Agreed. As stevia goes from 'fad' to 'mainstream' all areas of the industry stand to benefit.
    Nov 28, 2013. 12:47 PM | Likes Like |Link to Comment
  • Will Government Tobacco Subsidies Move To Stevia? [View article]
    Another significant stevia player is GLG Life Tech (OTCPK: GLGLF) and GLG on the TSX. Only about 1/3 of the sales with $21 million compared with $71 million for PureCircle, but with a market cap only 1/30 that of PureCircle's. With a major alliance with COFCO (China's largest food company) and re-energized international sales now it has emerged from regulatory review, it also directly benefits from increased stevia usage.
    Nov 26, 2013. 11:41 AM | 1 Like Like |Link to Comment
  • Coca-Cola's Move To Stevia: Don't Rush ... But Move Quickly [View article]
    100% agree that Coke cannot rush the process about getting supply of stevia. Indications are that they are winding down the excess inventory that they were sitting on, and with 20 of their brands using the product, they want to make sure they have reliable suppliers with transparent supply chains. GLG Life Tech (TSX:GLG)(GLGLF) was a previous supplier to Cargill, and is the only listed company with production capacity rivaling PureCircle.
    Sep 25, 2013. 05:08 PM | 1 Like Like |Link to Comment
  • Coca-Cola's Gamble On Coke Life May Have Other Bottlers Scrambling For A Better Tasting Stevia [View article]
    GLG Life Tech Corporation (GLGLF) and GLG on TSX is also a Purecircle competitor. Shares have resumed trading after regulatory review. This company has the same production capability as PC, and recently announced a cooperation agreement with COFCO (the largest food company in China.) Stevia sales were hurt as the company was "operating under a cloud" but now it is back to business as usual. Does the new process for distilling stevia require a Genetically Modified organism? This will limit its use in Europe, for sure.
    Aug 19, 2013. 02:26 PM | Likes Like |Link to Comment
  • Cargill Makes A Big Investment In The Future Of Stevia [View article]
    Good article, another player in the stevia industry is GLG Life Tech Corporation, (GLG :TSX, GLGLF) which is back trading after a lengthy regulatory review. It was put under the microscope by the Canadian regulators, emerging clean. This hurt sales efforts. Now, with international sales improving and an important new relationship with COFCO (China's largest food company),
    Here is an article from Food Navigator: GLG Lifetech works with China’s largest food company to tackle obesity, diabetes epidemic with stevia (August 15, 2013)

    http://bit.ly/13nG92z
    Aug 15, 2013. 01:20 PM | Likes Like |Link to Comment
  • Chinese Take-Away Becoming Tempting Again - Investors Should Revisit 'Chinaco' [View article]
    I understand the point about SVM, a Canadian company that is listed on the TSX and NYSE. But it does seem to carry the same burden as the Chinacos, and a discount in the marketplace. Maybe if its operations were in nice safe places, like Africa, South America, or Russia.........

    Thanks for the point about the two Carsons. Perhaps you weren't familiar with Mr. Brock's as yet unrecorded song "China Sucks" :-) Seriously, I'll pick up on my proofreading.
    Apr 17, 2013. 02:05 PM | 1 Like Like |Link to Comment
  • Chinese Take-Away Becoming Tempting Again - Investors Should Revisit 'Chinaco' [View article]
    Thanks. I don’t have a specific comment on these, other than both reflect the negative bias we are seeing. Would the shares have higher prices if they weren’t Chinaco’s? Most likely. Of course investors need to do their homework on individual companies as they do in any sector. Ultimately though, the standards of disclosure are improving for Chinaco, the number of companies to invest in is reducing, and demand is increasing. I think the tide is coming in.
    Apr 17, 2013. 12:03 AM | Likes Like |Link to Comment
  • Is Silvercorp In The Midst Of A Bear Raid? [View article]
    Good article. I’ve watched Silvercorp for a long time, back before the “China Discount” took effect. I concur with the author’s suggestion that this is a bear raid to cover a short position. I admit that I am biased, being a long time holder of the shares. But more than ever I think that proper valuations will return to the “China Sector”, including Silvercorp.

    The cottage industry that has developed to slag Chinese stocks has run its course. The industry was effective in pointing out the overenthusiasm with which investors piled into “anything China”, but now they simply are running out of material, and are increasingly desperate for the last score.

    China-sector stocks have been the subject of such intense regulatory overview (far more than equivalent Companies not based in China) that investors can pretty much be assured that the results have been scrutinized adequately. Investors will not forever shun Chinese companies, just as they went back into internet stocks, oil stocks, precious metals stocks, etc. etc. the Chinese economy is simply too big to ignore. There will still be some problems, but overall governance/transparency is improving. Most importantly, the outright scams have embarrassed the Central Chinese Government – a major loss of face. I don’t think we will see too many of these, since embarrassing the government in China is not a good career move.

    And lastly, I have no idea if Silvercorp is considering privatization or putting itself up for sale, but that is an option. The China Development Bank has funding available.
    Jan 24, 2013. 06:00 PM | 4 Likes Like |Link to Comment
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