Apologies.
Just how many are you buying as I see over 87,000 have been traded today.?!..
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Officer (advisor to the board) selling - not a huge percentage of his holdings, but still more than $200k. Profit taking on a now quite expensive share ... or just expensive plans for Christmas?
https://www.nzx.com/files/attachments/226191.pdf
Discl: don't hold
Hi - im looking to invest in Comvita as I believe the Manuka honey market has potential for further growth. I was just wondering who Comvita's main competitors are?
are there any similar competing companies listed on the NZX?
cheers
It is not just NZ companies that might be competition.
http://www.cardiff.ac.uk/news/view/153719-pharmabees
https://www.activejellybush.com/
Do some research on price to earnings ratio, outlook, is the valuation based on earnings or potential earnings or hype. Also note cvt invested in seadragin recently for i think .009 per share and currently the sea sp in about 14 -16 so what ever happens to sea could affect cvt share price.
I don't own any and wont suggest either way.
Cheers
Not sure about NZX listings main board or secondary board but NZ honey companies as at 2011 is here:
Attachment 7786
Very comprehensive independent NZ report with the above in it can be found here:
http://www.mbie.govt.nz/info-service...202.8%20MB.pdf
There is an ASX company that also makes Manuka Honey (apparently it also grows in parts of Aust ) CVV ( Capilano Honey ) has been going up quite a bit for last few months (but not today )
It is a very good result and great to see someone successfully adding value. Interesting to note that the main growth has been in Australia - had been assuming it was out of China. Weak dollar won't be helping but that growth on that dollar and a weak economy is pretty impressive. Like the fact they are focusing on lines outside manuka which I assume is a very finite supply (obvious exception to the diversification being SEA of course ;-))
NBR article 6/1/2016.
"NZ honey exports DOUBLED in November as the country benefited from demand for high value MANUKA honey".
CVT has the supply, the product,and the distribution channels in place to take advantage of this demand.
With the distribution channels in place they have added olive oil to their product range.Now with their investment in SEA they with secure fish oil as an add on product.
The growth rate is far in excess of the PE ratio, so there is still plenty of share price upside potential.
Yes, Capilano mentioned on page 52 of the report I gave the hyperlink to earlier today, repeated here:
http://www.mbie.govt.nz/info-services/sectors-industries/food-beverage/documents-image-library/Investment%20opportunities%20in%20the%20honey%20in dustry%20-PDF%202.8%20MB.pdf
Note that Beevital is a Capalino sub-brand. The questions asked down the right hand side of page 52 are very pertinent. On the same page you will note that the UK was already into manuka honey in 2011 too.
Pages 53 to 56 in the report show other additional competition to NZ in the honey sector.
Strong buy by Reuters. About 14 to 1 on the buy side in volume and ask now of $9.00 on less than 3000 volume.
Gunny
Disc: Holder and not on the sell side currently.
Comvita getting into bed with one of the darlings of the ASX.
Not sure if this could potentially lead to a takeover at some stage or if it actually makes it less probable . Market seems to like this move this morning
http://stocknessmonster.com/news-ite...=NZSE&N=278633
DISC: Holding
Makes the NZX 50 from the 13th of April and up 51c today, over 5%. Even made stuffs top 10 movers for the day. Where to next I wonder.
Gunny
Things getting hot out there in this sector ,
http://www.nzherald.co.nz/nz/news/ar...ectid=11618326
Very sad....hard working people making a living. You would think people would work together to grow the industry but shortsightedness and short term gains from small minded people. (assuming it was poison)
Yes is sad, but not new, some hives were poisoned near me (Hokianga) a few years ago.
CVT rent my place ( & my neighbors ) for hives & have not been touched yet.
Disc: Used my beesite rental payments to simply buy CVT shares (back when they were approx $3 ) But thinking of selling some, as CVT have become such a big chunk of my portfolio.