Had another good look at this yesterday. Points to note :-
Last year they reported on 22 May 2015 so we're just one month away from that.
Last year they comfortably exceeded guidance and grew profits 28% to $10.2m
Official guidance last issued in Nov 2015 was for profit to grow to $16m, (at the mid point) = 57% anticipated profit growth this year and EPS of 40 cps.
Company presently trades on a PE of 29.5 based on forecast 40 cps for a company growing materially faster than that.
Very strong supply chain developments this year and new management appointments look good.
I'm a huge believer in the benefits of honey generally and specifically manuka honey.
Huge growth to come in the years ahead. Possible stock split now its in the NZX50 to aid liquidity. Only just under 40m shares presently on issue. Might as well do a 10:1 stock split.
Doing a bit of product testing for my own benefit and will give some feedback on product's effectiveness in due course
http://www.comvita.co.nz/products/me...ma-cream/A7651 This for especially dry and itchy skin around the eyelids and
http://www.comvita.co.nz/products/me...g-lotion/A7649 this as a general moisturiser
Sign up was very easy as a customer, 10% off first order and free shipping for order as it was over $30, nice welcome as a customer by e.mail, prompt delivery the next day, (today).
Product packaging, presentation and customer communication is first class and application easy and smooth and feels soothing and good on the skin unlike a competitors product I tried that went on like a thick cake of honey and felt like dried honey on your skin afterwards.