Hey Lease ...the new CEO finally got Methven over the line
might do the same for Comvita
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Hey Lease ...the new CEO finally got Methven over the line
might do the same for Comvita
the new ceo did alright job at methven , sales increased every yr not by a huge amount but what do you expect in the business there in , earnings growth was not that good though could have done better.
his first job as ceo should be replacing the chairman who has done a terrible job
CVT never valued at PE low of 10. My statistics as follows.
So take lowest average PE over last 14 years, CVT SP should be 20 X 0.21=4.2
CVT Share Price % EPS PE Ratio Low High Low-High Low High 2020 2.5 3.4 36% 0.14 17.8571 24.2857 2019 2.92 6.7 129% -0.6105 2018 5.6 9.21 64% 0.1825 30.68 50.47 2017 5.14 12 133% 0.2374 21.65 50.55 2016 3.92 13 232% 0.4691 8.36 27.71 2015 2.95 4.16 41% 0.2988 9.87 13.92 2014 3.3 4.25 29% 0.2612 12.63 16.27 2013 2.6 4.28 65% 0.2571 10.11 16.65 2012 1.45 2.95 103% 0.291 4.98 10.14 2011 1.35 2.8 107% 0.0182 74.18 153.85 2010 0.73 2 174% 0.1809 4.04 11.06 2009 0.8 2.32 190% 0.0271 29.52 85.61 2008 1.43 4.1 187% -0.1704 2007 2.6 4.1 58% 0.155 16.77 26.45 2006 2 2.56 28% 0.123 16.26 20.81 Average EPS 0.12289 Average Spread 110% 239.06 483.48 /12 /12 Average PE 19.9217 40.29
Just remind us - which proportion of these "'assets" is the huge amount of honey they have stored (I think close to one years harvest?) and at what price point is this "asset" in their books? Will they ever be able to realize book value given the burst of the Manuka bubble and increased competition from Australia?
Some of their skin care products are exceptionally good, their management and governance on the other hand...
good point time will tell if your correct. if your correct then asset/share will decline but to under $3? if there pricing on inventory is correct then selling some of the overhang of inventory would reduce debt substantially making the balance sheet look very good
anyway cant you store honey for a very long time under the right conditions therefore if it was on there books for higher value than current pricing could they not ride it out till pricing improves then sell. commodity trading?
This is the time of year for peak extraction.
An acquaintance in the industry reports yields well down on last year and a lower price outlook.
He put the yield decline down to colder conditions in spring and early summer blocking bees from collecting nectar.
Boop boop de do
Marilyn