Not low enough still. Another 2 bucks off and could be then tempting :mad ;:
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Its a sad joke. The $400m sales target two years ago has already been pushed out from 2020 to 2021 and now they think its 2023. Follow the trend. In two years time the target will be pushed out 3 years to 2026 and two years after that will be pushed out 4 years to 2030. What is the point of having a sales target that cannot realistically be met.
Who are they trying to con that this is a growth company when the EPS suggests the exact opposite ?
Normalising the profit for the last 4 years gives just on 20 cps. Until they can PROVE they are a growth company I think the standard no growth agricultural risk PE of 10 applies which suggests they're worth only $2 !
To put in perspective just how truly horrible Comvita's performance has been, PGW has outperformed CVT by 141.4% in the last 2 years !!!!!!!
PGW sp up 74% (39c to 68c) and 19% dividend payout - total gain of 93%.
CVT sp down 50% ($11.55 to $5.76) and 1.6% dividend yield - total loss of 48.4%.
So why should CVT even trade on a PER of 10?
@Balance @Beagle
Was gonna buy today, but got cold feet cause of you two bashing the stock, lol.
This is interesting...
https://www.nzbees.net/forums/topic/...dmaybe/?page=2
It's disappointing that the $400m target has got pushed out but it's still on the table which is why this deserves a higher PE.
I'm thinking maybe one more day of highest volume, and then maybe next week return to normal? It's gotta be close to bottom. At $5.50, it's about $250m MC. I just don't see it going lower unless that $400m target disappears.
Lots more F5 tomorrow :D
With a continued increase in managed hives aka hive density, American foul brood (AFB) is also a risk to the industry. It could decimate everything. There is also potential for new pests and disease to find its way to NZ that would mean more labour costs on hive management et
Attachment 9698
What a sad chart. Why would you think the price got to be close to the bottom? Which of the indicators is telling you that?