Comvita - CVT

**BlackPeter** · 26-02-2019, 09:58 AM

Originally Posted by winner69

Plenty of honey in storage but made a loss

No worries as They say “.... the Financial Result is masking strategic gains”. Everything will be realised one day

http://nzx-prod-s7fsd7f98s.s3-websit...112/295707.pdf

Oh dear:

revenue down, EBIT slashed and a significant NPAT loss ... they lost nearly 6 cents per share for the first HY!
and worse - they don't produce the honey, they need to buy it and hope that it will appreciate ...

How do you call a loss making company with negative revenue and earnings growth and a management which got now 3 out of 3 forecasts wrong?
Right - Comvita!

Here cometh the 3 handle?

**BlackPeter** · 26-02-2019, 10:00 AM

Originally Posted by winner69

They call it an ‘Investor Presentation’

I reckon it should be called a ‘Shsreholder ‘Presentation’

http://nzx-prod-s7fsd7f98s.s3-websit...112/295710.pdf

Nice picture though on the first slide - is this Tasmania?

**whatsup** · 26-02-2019, 10:03 AM

Market DOES NOT LIKE THIS ANN down 10% + already !!

**Sideshow Bob** · 26-02-2019, 10:06 AM

Inventories equate to over 9 months of total revenue!! Ouch!!!

**BlackPeter** · 26-02-2019, 10:10 AM

Originally Posted by Sideshow Bob

Inventories equate to over 9 months of total revenue!! Ouch!!!

That's last years revenue ... might be 12 months of this years revenue

:

**whatsup** · 26-02-2019, 10:11 AM

we could be sub $3.00 soon at the rate that CVT is falling, where is this business going now ?

**Balance** · 26-02-2019, 10:12 AM

Originally Posted by Sideshow Bob

Inventories equate to over 9 months of total revenue!! Ouch!!!

It's deliberate apparently.

UMF increases with time?

Like De Beers with diamonds and the Hunt Brothers with Silver, Comvita is going to corner the high UMF honey market?