Comvita - CVT

[stoploss]

It's very telling how Edison haven't updated their research reports of late.
After giving CVT such high valuations, it'd be a bad look to talk about CVT's multiple downgrades.

I think I read somewhere that Comvita are paying Edison to do their research.

One of the dangers of paid research . CVT now in a position that they maybe can't pay for further "research " .

[Beagle]

Coulter should do the right thing and fall on his sword. Its obvious now he has no idea how to manage this company through fundamental changes.
Paid the big bucks and he's made a complete fiasco of his handling of the challenges facing the company.
Time to hire some genuine talent and time for some fresh clean sheet thinking. His handling of the crisis this company faces should be a complete embarrassment to any competent board.

[BlackPeter]

Just updated my numbers on CVT. Based on the recent 4 traders consensus it is now a company with a forward PE of 46, a forward CAGR of 14 (if anybody still believes in the story) and with (that's not from 4-traders, but my personal view) a clueless management. Recommendation downgraded to "hold". Personally I would see that as still ways too optimistic ... not sure yet, whether I would buy into this share for half of its current share price (which still would result in an amazing high PE of 23).

It must be all about faith ... but hold on, isn't this the sticky honey sector ?

[JoeGrogan]

I seriously cannot believe that the sp is holding in the 7's, i was sure it would take a massive pounding. Especially since companies like TIL and MPG have practically halved their sp highs, and yet they are not reporting massive losses. I guess the market is satisfied that this is a one off result? i guess time will tell.

[Beagle]

I seriously cannot believe that the sp is holding in the 7's, i was sure it would take a massive pounding. Especially since companies like TIL and MPG have practically halved their sp highs, and yet they are not reporting massive losses. I guess the market is satisfied that this is a one off result? i guess time will tell.

I can't either. The amount of "creative public relations investor speak" that's come from management lately, this thing should be half its current price.
I think there's a belief that the science is good and this must come right in the long run. Whether current management can manage their way through to better things in the long run properly is an open question as far as I am concerned. In my opinion Scott Coulter has made a real fiasco of the challenges facing this company ever since those challenges emerged nearly a year ago.
No way he gets to manage my financial interests again. He's on the same list as Norah Barlow as far as I am concerned. Their forecasting ability is truly woeful, possibly one of the very worst examples of gross inaccuracy I can recall in over 30 years of investing.

[Vaygor1]

I can't either. The amount of "creative public relations investor speak" that's come from management lately, this thing should be half its current price.
I think there's a belief that the science is good and this must come right in the long run. Whether current management can manage their way through to better things in the long run properly is an open question as far as I am concerned. In my opinion Scott Coulter has made a real fiasco of the challenges facing this company ever since those challenges emerged nearly a year ago.
No way he gets to manage my financial interests again. He's on the same list as Norah Barlow as far as I am concerned. Their forecasting ability is truly woeful, possibly one of the very worst examples of gross inaccuracy I can recall in over 30 years of investing.

Pretty strong statements there Roger.. can't say I disagree with any of it. Regarding your last sentence I thought RAK have consistently out-performed CVT on the woeful forecasting/guidance index.

[Beagle]

Pretty strong statements there Roger.. can't say I disagree with any of it. Regarding your last sentence I thought RAK have consistently out-performed CVT on the woeful forecasting/guidance index.

No point mucking about with being Mr nice guy overtly politically correct. Might as well call it as you see it mate.
Something new for poor beleaguered CVT shareholders to worry about. http://www.radionz.co.nz/news/nation...a-under-threat
SP down ~ 10% already today. My opinion. Some people, (myself included for a while) forgot the risks of this agri stock, among them is pestilence.
I have always said a PE of only 10 is applicable to agri stocks because of the multitude of risks involved including spells of extremely difficult weather.
Factor in an inexperienced CEO and a board who appear to have only tinkered at the margins with restructuring, major issues with counterfeit product in China, a severe over concentration of dependence on the China market, (~ 60% of sales) and shareholders better strap themselves in as it appears the headwinds looks set to continue.

[sb9]

No point mucking about with being Mr nice guy overtly politically correct. Might as well call it as you see it mate.
Something new for poor beleaguered CVT shareholders to worry about. http://www.radionz.co.nz/news/nation...a-under-threat
SP down ~ 10% already today. My opinion. Some people, (myself included for a while) forgot the risks of this agri stock, among them is pestilence.
I have always said a PE of only 10 is applicable to agri stocks because of the multitude of risks involved including spells of extremely difficult weather.
Factor in an inexperienced CEO and a board who appear to have only tinkered at the margins with restructuring, major issues with counterfeit product in China, a severe over concentration of dependence on the China market, (~ 60% of sales) and shareholders better strap themselves in as it appears the headwinds looks set to continue.

Couldn't agree more there Roger, heard that on Radio myself. Might see the sp with $5 handle soon.

[Ghost Monkey]

Looking at the SP today it seems more than a few may have heard that report on the radio!

[dobby41]

Looking at the SP today it seems more than a few may have heard that report on the radio!

It was on the TV news and in the paper this morning.