True. Depends how much of their Manuka honey is derived from Leptospermum scoparium or the other 82 species of Leptospermum present in Australia?
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True. Depends how much of their Manuka honey is derived from Leptospermum scoparium or the other 82 species of Leptospermum present in Australia?
Is it relevant to add, that all these problems affect Honey producers, and that CVT being one of the larger companies would be the best to withstand all the dramas and come out the other side better for it?
This is of course the biggest basket case of my portfolio. The drama queen of my pics.
Scientists have developed a process to certify West Australian honey with medicinal and antimicrobial properties, which will rival New Zealand's famous Manuka honey
Certified medicinal honey
Comvita being proactive negotiating with Capilano to get a slice.
icon-abc-article Liquid gold rush beckons as search begins for best antimicrobial honey
Whew!!!
CEO Scott Coulter came out saying (and I paraphrase here)
All good - they have this problem in Tasmania.... check this out...
https://www.nzx.com/companies/CVT/announcements/303173
Shares climbed up towards the $6 mark this afternoon then settled down to $5.87 Probably in another ooh 8 months we will see if the bees want to come back to work. Fingers crossed.
Why would you draw any comfort from what Scott Coulter has to say in regard to predicting the future ? Lets have a look at his track record. If I remember correctly it was about this time last year he said tax and regulatory changes in China weren't having any effect on CVT so that's a shocker predication of how things actually turned out for 2016.
Next let's have a look at his track record in 2017. In January they came out with a shocker downgrade based on horrible weather events and a dramatic downturn in sales to China but then subsequent to that even after all the shock weather event news should have been known and factored in already, came out with an absolute belter of a downgrade about another $13m from memory. Even his short term ability to predict the future has proven to be extremely unreliable so why would anyone think his ability to pick the long term effects of myrtle rust be any better !
to be fair Beagle, he is basing that view on myrtle impact on a real life outcome as per Australia so it seems a reasonable prophecy.
But that said it doesnt change my view that the problem is in the distribution lines and the integrity of the product , which I dont see MPI standards having much relevance to
For the record, this is not my favorite share pic from my portfolio. I'm gritting my teeth on this one. I would say I've been a bit burnt on this one, and there is a good chance I'll be selling at a loss eventually. We will have to see.
Some big investors taking a punt on West Australian honey.
http://www.abc.net.au/news/2017-07-0...ction=business
Just in Hon Hun Station in HK on the train to Guangzhou. In the past was a reasonable size Comvita display and range of products, and sometimes with a merchandiser to try to push you into Comvita products. All gone now and only Manuka honey is Australian.