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Thread: Comvita - CVT

  1. #1261
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    Wow, 1.1m shares crossed at $4.72!

  2. #1262
    Senior Member hardt's Avatar
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    On WeChat I can see A LOT rushing to get CVT products, in similar fashion to that of A2 IF in 2017 ( not the same volume )
    This brand is a favourite amongst the class of Chinese with mega disposable incomes and an appetite for NZ goods.

    Will always be volatile due to being very dependant on mother nature, but the brand is a significant player with a lot of momentum.
    The intangible value of this company continues to grow even through poor harvests over the next 5-10 years.
    Last edited by hardt; 04-01-2019 at 09:31 AM.

  3. #1263
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    https://www.nzherald.co.nz/business/...ectid=12193867

    Harvest a mixed bag so far - guess that means better than 2016 & 2017?

    https://www.newstalkzb.co.nz/news/bu...bees-starving/

    But plenty of players now in the industry - classic goldmine scenario attracting hordes of miners (minimal barriers to entry).

    https://www.ruralnewsgroup.co.nz/rur...n-honey-sector

    Gold rush mentality.

  4. #1264
    always learning ... BlackPeter's Avatar
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    Average EPS over the last 6 years (including good and bad years) was 27 cents.

    This is a plain vanilla agricultural stock with no moat, increasing competition and (proven) inept management. Makes you wonder why punters are still happy to pay for this company a PE of 17 ...
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    "Prediction is very difficult, especially about the future" (Niels Bohr)

  5. #1265
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    Quote Originally Posted by BlackPeter View Post
    Average EPS over the last 6 years (including good and bad years) was 27 cents.

    This is a plain vanilla agricultural stock with no moat, increasing competition and (proven) inept management. Makes you wonder why punters are still happy to pay for this company a PE of 17 ...
    Takeover.

    It will not happen overnight but it will happen?

    Maybe when sp is $2.50.

  6. #1266
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Balance View Post
    Takeover.

    It will not happen overnight but it will happen?

    Maybe when sp is $2.50.
    Actually - I think that's where the SP would belong. Might even buy some myself at that price (thogh $2 would look better - PE of 8 would give you a bit of safety margin).
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  7. #1267
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by BlackPeter View Post
    Average EPS over the last 6 years (including good and bad years) was 27 cents.

    This is a plain vanilla agricultural stock with no moat, increasing competition and (proven) inept management. Makes you wonder why punters are still happy to pay for this company a PE of 17 ...
    Fully deserves a no growth PE of half that in my opinion what with management's forecasting ability being no better than a blind man throwing darts at a dartboard. One of their skin care products I use actually works pretty well...if it weren't for that I'd come right out and call them nothing but snake oil merchants.
    Agree with you on the $2 thing but I'd want to see management changes starting at the top.
    Last edited by Beagle; 23-01-2019 at 10:03 AM.
    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

  8. #1268
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    Quote Originally Posted by Beagle View Post
    Fully deserves a no growth PE of half that in my opinion what with management's forecasting ability being no better than a blind man throwing darts at a dartboard. One of their skin care products I use actually works pretty well...if it weren't for that I'd come right out and call them nothing but snake oil merchants.
    Agree with you on the $2 thing but I'd want to see management changes starting at the top.
    Not forgetting they have a reasonable holding in SEA which imho is worthless atm !!

  9. #1269
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    No buyers left, lol?

  10. #1270
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    Quote Originally Posted by Ogg View Post
    No buyers left, lol?
    Profit downgrade coming? CVT's sp has had an uncanny ability to predict profit downgrades over the last few years!

    No glowing assessment so far out there of a fantastic year for any honey producer :

    Honey glut

    https://www.nzherald.co.nz/the-count...ectid=12185247

    Scandal could impact if industry is not careful

    https://www.nzherald.co.nz/business/...ectid=12199800

    Someone rings the alarm bell

    https://www.interest.co.nz/opinion/9...er-strong-boom

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