Comvita - CVT

[Balance]

I can't find this information on the NZX? https://www.nzx.com/companies/CVT

Or am I missing something here?

Try this ...

https://www.nzx.com/instruments/CVT

[Xerof]

I don't accept that and to be clear I am not blaming management for the SP. If people are foolish enough to still pay north of $6 for this mutt, good luck to them. Fact is company management have made a whole series of forecasts now that have proved to be recklessly and grossly inaccurate. This is an undisputed FACT.
At one point quite some time ago some people including myself thought management had credibility. We're a long way past that point now. The 20% gain from $10 to $12 was due to NZX50 inclusion. Some people cunningly took advantage of that temporary aberration in pricing due to index inclusion. Even now management have a $400m sales target as one of their aspirations for 2021. FCNZ, one of the more respected analysts and are in the mid-late $200m range somewhere from memory and are essentially calling out CVT's management as grossly optimistic and unrealistic.
I really think it belongs back under $4 and all this talk of high growth has been just that, talk that's come to nothing.
If the weather plays nice, every now and again they might make $17m which is about 40 cps and when we apply the time tested agricultural PE of 10 then we get a cyclical peak of $4. Why people are paying north of $6 still after all the recent fiasco's, go figure ?

All very well in hindsight - it wasn't a mutt until the board and management went barking mad



my biggest regret - putting CVT in the annual comp, hoping for the takeover - it's going to spoil my christmas

[Balance]

All very well in hindsight - it wasn't a mutt until the board and management went barking mad



my biggest regret - putting CVT in the annual comp, hoping for the takeover - it's going to spoil my christmas

Don't give up yet - Ogg reckons that the big monopoly ant Comvita may yet get taken over and it will not be successful unless the Chinese offers $10 per share.

[Ogg]

Don't give up yet - Ogg reckons that the big monopoly ant Comvita may yet get taken over and it will not be successful unless the Chinese offers $10 per share.

The take over will happen, it's just a question of when.

Your $3 downside call was just plain wrong. The stock has already come down from $12 and the market cap today is a meagre $280m.

I bet you in the next few weeks there'll be an offer on the table. They won't just walk away. This is all just part of their plan.

I'd admit $10 is probably not gonna happen "this year." I can see at least $8 in the short term, maybe $9 if they're lucky now.

Now that the share price has dropped, so has the expectations, therefore it's the same odds as before, $2/$3 upside vs $1 downside. I'd advise those who got trapped before to double down.

It will be interesting to see if $6 holds tomorrow. I bet you it does hold. Need to wait a few days for the volume to settle to see where it's at. If it drops below $5.50 (which it won't) I might get back in, but at that price I'll be in for the long term.

At the end of the day, this stock is just cheap compared to everything else in the world today. If it was trading on the ASX or was a private company it would be double the price today. Hell, even Capilano Honey on the ASX is almost as big as Comvita now.

[Balance]

The take over will happen, it's just a question of when.

Your $3 downside call was just plain wrong. The stock has already come down from $12 and the market cap today is a meagre $280m.

I bet you in the next few weeks there'll be an offer on the table. They won't just walk away. This is all just part of their plan.

I'd admit $10 is probably not gonna happen "this year." I can see at least $8 in the short term, maybe $9 if they're lucky now.

Now that the share price has dropped, so has the expectations, therefore it's the same odds as before, $2/$3 upside vs $1 downside. I'd advise those who got trapped before to double down.

It will be interesting to see if $6 holds tomorrow. I bet you it does hold. Need to wait a few days for the volume to settle to see where it's at. If it drops below $5.50 (which it won't) I might get back in, but at that price I'll be in for the long term.

At the end of the day, this stock is just cheap compared to everything else in the world today. If it was trading on the ASX or was a private company it would be double the price today. Hell, even Capilano Honey on the ASX is almost as big as Comvita now.

Careful about providing investment advice, Ogg - you could find yourself in FMA's sights if someone took your advice and lost money!

[Balance]

Like I said before, the new Chinese owners will clear all the stock easily.

Potential buyer was not Chinese - you read it here first.

[BlackPeter]

Now that the share price has dropped, so has the expectations, therefore it's the same odds as before, $2/$3 upside vs $1 downside. I'd advise those who got trapped before to double down.

You might want to familiarize yourself with the forum rules related to the promotion of securities and giving financial advise. And yes, its easy to get caught out providing financial advise, particularly if you do.

Particularly interesting however that you recommend people to buy securities you sold off yourself (as you admitted) ... A financial adviser on our forum who does not follow his own recommendations?

[winner69]

Potential buyer was not Chinese - you read it here first.

Chinese just waiting mate.

Sun Tzu tactics ‘He who knows when he can fight and when he cannot, will be victorious’

[winner69]

You might want to familiarize yourself with the forum rules related to the promotion of securities and giving financial advise. And yes, its easy to get caught out providing financial advise, particularly if you do.

Particularly interesting however that you recommend people to buy securities you sold off yourself (as you admitted) ... A financial adviser on our forum who does not follow his own recommendations?

May as well close the forum down then

[percy]

May as well close the forum down then

Certainly a very dangerous place for people who know no better.!