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  1. 23-01-2017, 06:02 PM #11
    Beagle
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    Quote Originally Posted by Apathy View Post
    Ha.....their annual report told me the same thing!;-)

    So it really is SEA all over again..... they have sold all the good stuff and booked a profit but the low grade stuff sits in stock over valued........ sorry but there is plenty of demand locally for Manuka Honey - they just don't want to meet the market price.

    If you are correct - board and management all need the flick. It's amateur hour - book big profits and build stock of the low grade offtake/by product at unrealistic valuations.
    http://www.nzherald.co.nz/business/n...ectid=11700416 Looking back at what was said and the situation now faced... http://www.nzherald.co.nz/business/n...ectid=11787248 what a fiasco !
    Last edited by Beagle; 23-01-2017 at 06:38 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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