In OZ Daigou sendign stuff via parcels instead of in person. I am expecting be similar in NZ as given the two countries are quite similar in many ways.
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Not sure - private people sending stuff to China (or anywhere else) is not considered "essential" in New Zealand:
https://www.nzpost.co.nz/business/co...orary-closures
NZ Post accepts at the moment only parcels from companies doing essential business, not from private people trying to make a buck by circumventing the official sales channels.
One of the stellar performers in the last 2 weeks but CVT has claimed the wage subsidy so revenues are down 30%?
http://nzx-prod-s7fsd7f98s.s3-websit...783/318581.pdf
https://www.nzx.com/announcements/350435
"23/3/2020, 9:26 am MKTUPDTE
Comvita Limited (“CVT”) is continuing to experience strong demand for its complete range of products (in particular Mānuka honey."
Something smells - and it's not the smell of rancid honey!
Comvita's NZ based retail and tourism arm will be hard hit. Online sales out of their Chinese warehouse will not offset NZ employment at retail.
CVT stock was behaving extremely strange and speculative even before COVID, with random rallies out of nowhere. Now it's uptrending on the general exaggeration of honey being sold out of proportion to previous years. But how much of that is directly comvita sales, they aren't exactly the only sellers of honey.
Question is have they benefited enough to fix their horrendous balance sheet?
I sold my last CVT holding on Thursday. Eventually made money on this one, but my sole aim was to just cover my losses which were up to $7,000 at one stage. Perhaps I sold too soon, as something us up with the SP, big increases in a short space of time. Still it would take some more positive and extraordinary news for me to stick with CVT. Only time will tell. They still need to raise that capital, and make a profit. Good Luck. I always sell to soon, but you never go broke making a profit, even though it is less than it could be by taking bigger risks.
Wow,what happened?Came off over 11%
I dodged a bullet. I sold out at $3.06 and saw the SP go up further. I thought while I made money, I sold too early. I was lucky, crazy market. Just what is going on with CVT. Looks like someone changed their mind about taking over the whole shooting box all of a sudden.
Yoyo SP. You have to be quick. I was going to buy back this morning at $2.70. Just too fast for me.
WTF just too hard to predict SP in this climate. Announcement is vague as regards dollar amounts and effect on profit, so am a little amazed that the SP jumps so quickly. Reminds me of a few losers in the past few years (Wynard) which gave so much positive news without quantification, yet the SP just kept going north.
on a tear , mentioned on the thread covid 19 would be good for the stock