Wow, 1.1m shares crossed at $4.72!
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Wow, 1.1m shares crossed at $4.72!
On WeChat I can see A LOT rushing to get CVT products, in similar fashion to that of A2 IF in 2017 ( not the same volume )
This brand is a favourite amongst the class of Chinese with mega disposable incomes and an appetite for NZ goods.
Will always be volatile due to being very dependant on mother nature, but the brand is a significant player with a lot of momentum.
The intangible value of this company continues to grow even through poor harvests over the next 5-10 years.
https://www.nzherald.co.nz/business/...ectid=12193867
Harvest a mixed bag so far - guess that means better than 2016 & 2017?
https://www.newstalkzb.co.nz/news/bu...bees-starving/
But plenty of players now in the industry - classic goldmine scenario attracting hordes of miners (minimal barriers to entry).
https://www.ruralnewsgroup.co.nz/rur...n-honey-sector
Gold rush mentality.
Average EPS over the last 6 years (including good and bad years) was 27 cents.
This is a plain vanilla agricultural stock with no moat, increasing competition and (proven) inept management. Makes you wonder why punters are still happy to pay for this company a PE of 17 ...
Fully deserves a no growth PE of half that in my opinion what with management's forecasting ability being no better than a blind man throwing darts at a dartboard. One of their skin care products I use actually works pretty well...if it weren't for that I'd come right out and call them nothing but snake oil merchants.
Agree with you on the $2 thing but I'd want to see management changes starting at the top.
No buyers left, lol?
Profit downgrade coming? CVT's sp has had an uncanny ability to predict profit downgrades over the last few years!
No glowing assessment so far out there of a fantastic year for any honey producer :
Honey glut
https://www.nzherald.co.nz/the-count...ectid=12185247
Scandal could impact if industry is not careful
https://www.nzherald.co.nz/business/...ectid=12199800
Someone rings the alarm bell
https://www.interest.co.nz/opinion/9...er-strong-boom