Comvita - CVT

[bull....]

I like the first page of the presentation .... POISED FOR TAKEOFF ..... lol in what year are we talking about cause the result was terrible and there going back to those bad days off to much debt and inventory again

[Sideshow Bob]

I like the first page of the presentation .... POISED FOR TAKEOFF ..... lol in what year are we talking about cause the result was terrible and there going back to those bad days off to much debt and inventory again

Do they just recycle these announcements, inserting the current year and figures??

Seems like it......!!

[Recaster]

Bad result. Suspicious of any company that makes EBITDA the P&L focus in its announcements.

[winner69]

Bad result. Suspicious of any company that makes EBITDA the P&L focus in its announcements.

..even more so when Comvita use a few different versions of EBITDA

[winner69]

It'll be OK says David so no worries about the cash flow trend

I take back my words of a couple of years ago when I said that David has at least told them '.... that cash generation is important'

Never mind as David still hoping that they'll be taken over and we'll never know if inventory reduced to $85m and they collected all those unpaid bills

That post a year ago

Nothing changed over last year ….burning cash but still paying dividends …and hoping

Updated chart below

[kiora]

"Investment in inventory". What a wonderful expression!

Great honey season this year
Typically 1/5 years???

[Valuegrowth]

Volume is low.

Despite poor earnings stock prices are up? May be punters are reacting to
the future. Is the future bright?

[nztx]

Despite poor earnings stock prices are up? May be punters are reacting to
the future. Is the future bright?

Another 1c dividend 6 months or so further down the track ?

Money in da bank might yield better .. and that's after the Taxmans slice gets peeled off first

[william67]

There is nothing wrong with this "Investment in inventory"
Turn "raw materials " to "finished goods" need capital input
The "raw materials " inventory reduced $20.1m. "finished goods" increased $17.2m, they are ready to sell.

[william67]

"Honey harvest
Whilst too early to confirm the results of this year’s honey harvest, Comvita has experienced strong performance to date, with early indications of significantly enhanced quality of yield delivered in its forests. Due to a change in accounting treatment, Comvita is not forecasting any contribution to group profits from its Apiary division during FY24, but this will benefit FY25 and FY26 due to lower average cost of sales as a result of this change."
https://www.nzx.com/announcements/426525