Good article, Shareguy, thanks for posting.
I have noticed prices of Comvita’s honey back at a premium to other brands again in the shops. Sign that demand is indeed strong, I guess.
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Wonder how long it will take for the A2 milk downgrade, largely due to daigou channels falling off a cliff, to make people realise that comvita is in the same boat. Glad I'm not holding
That was already well reported in the latest results. The prize is North America and China . I still think that the AGM next month will be positive.. Have a read of the article from the founder a few weeks ago saying the product is “flying off the shelves.“
ATM daigou problem is rather specific to the Victorian lockdown. Also, Comvita moved to reduce its reliance on that channel last year after witnessing its volatility.
Daigou - the very thing that made a2 Milk great - has become its Achilles heel as a result of Covid-19 lockdown restrictions in Melbourne.
‘More than $1.5 billion was at one stage wiped off a2 Milk's market capitalisation after the company said its first-half revenue would drop because level 4 restrictions in Melbourne had affected its unofficial "daigou" sales.‘
Not much action happening here, seems to have stuck in that range between 3.15-3.20 for a while. Wonder what the next catalyst might be for a move either way...
I can't see CVT taking anybody over.
;)
I think there’s going to be some positive news at the AGM shortly, Which will result in some decent share price gains. Current price is still below the terp.