macduffy
10-11-2015, 03:20 PM
Has anyone else looked at VIT?
A long established NZ/Aust manufacturer and distributor of health foods and supplements of well known brands including Healtheries, Nutro-Life, Wagner supplements, Abundant Earth, Balance and Musashi. Most products are made in NZ (Auckland) although head office is in Sydney. IPO'd on the ASX in September at $2.10 and the shareprice has risen steadily since to a high of around $3.15 last week. Currently at $3.09.
Ord Minnett reviewed them soon after listing and came up with a 12 month target of $3.00. More recently, Morgans designated them as a "high conviction stock pick" - whatever that is!
http://www.morgans.com.au/Blog/2015/October/Vitaco-Holdings.aspx
I hold a few - and hoping they do half as well as another in this sector - Blackmores!
A long established NZ/Aust manufacturer and distributor of health foods and supplements of well known brands including Healtheries, Nutro-Life, Wagner supplements, Abundant Earth, Balance and Musashi. Most products are made in NZ (Auckland) although head office is in Sydney. IPO'd on the ASX in September at $2.10 and the shareprice has risen steadily since to a high of around $3.15 last week. Currently at $3.09.
Ord Minnett reviewed them soon after listing and came up with a 12 month target of $3.00. More recently, Morgans designated them as a "high conviction stock pick" - whatever that is!
http://www.morgans.com.au/Blog/2015/October/Vitaco-Holdings.aspx
I hold a few - and hoping they do half as well as another in this sector - Blackmores!