Sometimes it is interesting to look back in ones records.
Is it really already five years that Comvita signed this amazing MoU with China resources Ng Fung? Share Price at that stage above $10 and annual revenue (FY2016) of $202m;
https://www.nzx.com/announcements/291306
They talked at that stage (at the AGM) as well about doubling their revenue in 5 years (which would have been north of $400m in 2021). Talk is cheap, isn't it?
Well, we know how the story went. Annual revenue in 2021 actually was $192m (i.e. it did shrink, not rise over five years) and now it is the Americans who are supposed to pump the company fortunes up ... they must love these joint ventures ... just teach the Americans how they taught the Chinese ...
Lets hope this time is different, shall we :):
Discl: I had recently a wee stake in Comvita, but sold out after the AGM, not convinced by the execution of their health strategy and didn't like their (Rest of - LOL) Asia strategy.
Anyway, good luck to holders.