Comvita - CVT

[tango]

Update would be timely before results (2nd of August last year)

Ah, thanks
I owned CVT for years and sold out then bought back in recently but I bought at higher than current prices and am undecided how strong CVT are going forward and wondering if I am wise to hold and hope they rise or let them go and focus on increasing my other shares instead.

I liked the increased sales in China. That looks promising. The New Zealand sales may not be as strong now that CV19 is less of an issue.

[Joshuatree]

Im only in because i was offered some by my broker recently @$2.50 plus commission. I havnt researched it well.Theyve had some rough years honey production wise and arguably management wise. since replaced (chairman too). Some say there is a glut of honey sitting around in NZ going nowhere. I dont know but understand Comvita is the no 1 trusted honey brand in china and the UMF increases with age. Read beagles posts, hes an accountant and analyse's ann reports well although i feel he is a bit biased about CVT going ahead. Due to Global uncertainties i may take profits at any time

Strong demand continues and honey harvest above expectation

[tango]

Im only in because i was offered some by my broker recently @$2.50 plus commission. I havnt researched it well.Theyve had some rough years honey production wise and arguably management wise. since replaced (chairman too). Some say there is a glut of honey sitting around in NZ going nowhere. I dont know but understand Comvita is the no 1 trusted honey brand in china and the UMF increases with age. Read beagles posts, hes an accountant and analyse's ann reports well although i feel he is a bit biased about CVT going ahead. Due to Global uncertainties i may take profits at any time

Strong demand continues and honey harvest above expectation

Yeah I would have grabbed it at $2.50 if it had been offered to me!
The olive leaf extract is antiviral according to some in the natural health industry and CV19 makes it attractive

[bottomfeeder]

Can't see NZ as a large global player selling olive leaf extract. Olives are a staple in Mediterranean countries. More hype than reality. But looking forward to results update. Hope it takes the SP to dizzying heights.

[tango]

But looking forward to results update. Hope it takes the SP to dizzying heights.

Don't we all!

[Shareguy]

This was in Friday’s Taupo times. I’m thinking Comvita also must be having a large uplift in demand and expecting a good result soon. I have seen several reports regarding increased demand . Time will tell I guess

I have brought lots and intend to buy more .

$3000 honey jars create a buzz
Chris Marshall



Slick marketing definitely, but is it art?

When Taupō based honey company Zealandia Honey ended up with a batch of manuka honey whose potency was hundreds of times above average it sought to sell it in a correspondingly special vessel.

This may have bumped the price up to US $2020 (NZ $3100) for a 200 gram bottle – but the 120 jars have all sold.

All to one buyer who didn’t want to have his identity known, said Sri Jyothi Govindaraju, Zealandia Honey’s head of marketing and sales.

READ MORE:
* Manuka Health opens new multi-million dollar Wairarapa factory
* The beauty secrets of manuka honey
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“One buyer in the Middle East,” she said, “and he’s onsold some of it and gifted some of it. He’s someone who might own five or six Ferraris.”


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The “magic ingredient” is methylglyoxal or MGO, said Robin De Geus, the company’s chief strategy officer said at a launch of the special reserve honey in Taupō’s Lava Glass Glassblowing Studio and Art Gallery on Saturday.

“In other honeys it will be around 0-30 milligrams per kilogram,” said De Geus, “in ours it is 1717 milligrams per kilogram. There have been honeys ranging from everywhere in between and some around 1700 before us.”


So it’s some of the most potent manuka honey around and, while the trim, besuited De Geus is fairly laid back in his sales pitch, he can wax lyrical with a ‘but wait there’s more…’

“The cool effect about this honey is it will mature over time. Our research and development company says it will get to 2000 mgs probably in one year’s time. It’s like a good whisky or a wine or cheese.”


Chris Marshall/Stuff
Robin De Geus waxing lyrical on how Zealandia Honey decided to come up with art as packaging for its high potency manuka honey.
The honey, Zealandia’s website says, has already been maturing since harvest in 2015.

Hydrogen peroxide gives most honey its antibiotic quality. But some types, including manuka, contain other ingredients, such as MGO which appears to have an antibacterial effect on Escherichia coli (E. coli), Staphylococcus aureus and Pseudomonas aeruginosa, a pathogen which generally affects the immunocompromised and has a natural resistance to antibiotics.

Methylglyoxal usually only appears in small quantities.

“This particular honey came from Northland. Eighty per cent of our honey comes from the Central Plateau but only in Northland does it get the ultra-high potency because of the heat and less moisture,” said De Geus.

The company’s chief executive officer, researcher and food scientist, and Govindaraju’s husband, Sunil Pinnamaneni, who has been in honey for 10 years, and works with selected beekeepers to buy honey for the company, had “never seen a honey like this before,” noted De Geus.

At Saturday night’s launch, De Geus and Govindaraju related how they managed during Covid-19 lockdown to coordinate three artists – glassblower Lynden Over, wood turner, Robbie Graham and sculptor Raynor Dunn – to produce the 120 individually blown jars, individually fitted tops and sculpted metal surround, containing nutritional panel and blurb.


Chris Marshall/Stuff
Sri Jyothi Govindaraju at the launch of Zealandia Honey's special reserve manuka honey.
A film production by Joel Corbie accompanied the unveiling to suppliers and guests.

While the unique vessel was a way of creating a buzz for the company, it was also something the purchasers would continue to appreciate, said De Geus, after parting with the symbolic price of US $2020.

“And that’s what we wanted… glass is a beautiful medium, that was the start.”

They then needed the wood tops to be individually turned and be able to seal with an o-ring.


Chris Marshall/Stuff
Glassblower Lynden Over at the launch.
“And we needed the legal requirements like the nutritional panel. I live close to the bush in Omori, Ray lives up on the hill and I thought that guy makes amazing sculptures so around the jar we had metal we could engrave the text on.

“It’s very important for us that the artists’ work is more than just an object – it’s a skill, experience and importantly how we feel seeing it or using it.

“Are people going to accept it – it’s like making a painting. People have to like it for people to buy it.”

[bottomfeeder]

Market seems to like results announcement. Wonder how far it will go. $4.00?

[Shareguy]

Terp was $3.43. I think $4 is going to happen sooner than you think. Company has little debt , plenty of A1 stock , a top ceo and from the people I have been speaking too large demand at very good prices.

Neil Craig a director spend $890k for new shares alone in the capital raise.

[Nigel]

Good to have this confirmation of solid earnings for the year. PE ratio looking attractive for a company with good growth prospects, and balance sheet much stronger post cap-raise. I've also heard good things about the CEO and org transformation. Bright future ahead (famous last words!).

[BlackPeter]

Good to have this confirmation of solid earnings for the year. PE ratio looking attractive for a company with good growth prospects, and balance sheet much stronger post cap-raise. I've also heard good things about the CEO and org transformation. Bright future ahead (famous last words!).

Is this the company which tended to have after one good year three or four unexpected bad years until they run out of excuses ...? Next good year coming?