I'm hearing good things about the CEO. I also sat in on the last results presentation and was very impressed with their strategy and progress.
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I'm hearing good things about the CEO. I also sat in on the last results presentation and was very impressed with their strategy and progress.
We await the half year result due late February with bated breath.,.lol.
Industry going through a massive transition - oversupply of honey (but not monoflora manuka honey) impacting on overall returns for industry.
Comvita’s results will be very revealing - need to demonstrate that it is a true manuka honey player & a cut above the rest.
If it does, sp will easily go above $4.00.
If it doesn't, there is downside risk to $2.50.
I am picking sp to go above $4.00.
China are adding a ton of syrup to their honey It's that competitive advantage of manuka honey that will see them through, if it wasnt for this we would most like be seeing a SP half of what it is now.
More info on this..
https://www.wired.co.uk/article/honey-fraud-detection
I agree with you balance I’m expecting a good result and I think it will appreciate to over $4. Also given the good disclosure that the new CEO has been making regarding their performance I’m expecting another announcement soon regarding the December January trading.
Bit of exuberance this morning pushed price up to 3.48 before settling back in the arvo to finish at 3.31..