I'm not sure if there has been a time when so much has gone right for Comvita. Their investments in plantings is paying off. Honey quality and quantity has gone ballistic. Perceived health products sales rocketing Internationally. NZ inc seen as top shelf globally, There is stock in their Chinese warehouse to service the huge demand and sales are eroding debt faster than Phar Lap on a good day.
Another decent climb after yesterdays rollercoaster. My CVT shares went down almost as soon as I purchased them but are now 40% up which I'm pretty happy with considering my overall portfolio is quite small
Looks to have broken the upward trend line that started towards the end of March. Looks to have support at $4 so wondering whether it's going to go into a trading range from $4 to somewhere between $4.30 and <$5 for the next wee while. Not prepared to hold over the weekend so I've pulled the pin.
The secret of eternal youth is arrested development.
Comvita Limited (Comvita) has today announced its intention to raise approximately NZ$50 million via a NZ$20 million placement (Placement) to institutional investors, together with an approximately NZ$30 million 1 for 4.15 pro-rata accelerated non-renounceable entitlement offer (Entitlement Offer) (together the Offer). The Offer is fully underwritten by Craigs Investment Partners Limited and Forsyth Barr Group Limited. Included in this announcement is: • Offer Announcement
• Offer Document
• Investor Presentation
• NZX Corporate Action Notice
• Cleansing Notice
Reply With Quote
Originally Posted by catchbag
Bookmarks