Comvita - CVT

**Nigel** · 18-01-2021, 12:33 PM

I'm hearing good things about the CEO. I also sat in on the last results presentation and was very impressed with their strategy and progress.

**sb9** · 27-01-2021, 08:52 AM

Originally Posted by Nigel

I'm hearing good things about the CEO. I also sat in on the last results presentation and was very impressed with their strategy and progress.

Testing my patience on this one, has not really gone anywhere for about 6 months or so and every time it tried move upwards with an announcement it eventually get sold down to previous levels.

**percy** · 27-01-2021, 08:58 AM

We await the half year result due late February with bated breath.,.lol.

**Balance** · 27-01-2021, 09:06 AM

Originally Posted by sb9

Testing my patience on this one, has not really gone anywhere for about 6 months or so and every time it tried move upwards with an announcement it eventually get sold down to previous levels.

Industry going through a massive transition - oversupply of honey (but not monoflora manuka honey) impacting on overall returns for industry.

Comvita’s results will be very revealing - need to demonstrate that it is a true manuka honey player & a cut above the rest.

If it does, sp will easily go above $4.00.

If it doesn't, there is downside risk to $2.50.

I am picking sp to go above $4.00.

**Lion_graf** · 27-01-2021, 09:32 AM

China are adding a ton of syrup to their honey It's that competitive advantage of manuka honey that will see them through, if it wasnt for this we would most like be seeing a SP half of what it is now.

More info on this..
https://www.wired.co.uk/article/honey-fraud-detection

**Shareguy** · 27-01-2021, 11:10 AM

Originally Posted by Balance

Industry going through a massive transition - oversupply of honey (but not monoflora manuka honey) impacting on overall returns for industry.

Comvita’s results will be very revealing - need to demonstrate that it is a true manuka honey player & a cut above the rest.

If it does, sp will easily go above $4.00.

If it doesn't, there is downside risk to $2.50.

I am picking sp to go above $4.00.

I agree with you balance I’m expecting a good result and I think it will appreciate to over $4. Also given the good disclosure that the new CEO has been making regarding their performance I’m expecting another announcement soon regarding the December January trading.