I understand from my investment banking contact that Manuka Health now owned by the Singaporeans is going very well.
Guess they will be waiting to pounce on defecting honey producers who must be wondering why they are dealing with Comvita.
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https://issuu.com/farmersweeklynz/do...68707/70418121
Article on departing CEO page 9.
I got out of Comvita around May 2016, selling most of my shares for over $12 each. A bit of good management on my part but also a bit of good luck too.
Ever since Brett Hewlett stepped down as CEO, Comvita's announcements have been overflowing with excrement as far was I'm concerned. A real shame given where they were back then.
Hopefully with Coulter's departure they might get back themselves back on track eventually, but if so it will take quite some time; the damage is done.
Lower expectations announced today when CVT reports.
I think this means serious discussions between management and the auditors and a few late nights too boot. Code for the auditors are not too impressed ?
http://nzx-prod-s7fsd7f98s.s3-websit...372/305604.pdf