sharetrader
Page 1 of 256 123451151101 ... LastLast
Results 1 to 10 of 2555

Thread: Comvita - CVT

  1. #1
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Private Universe
    Posts
    5,853

    Default Comvita - CVT

    Reading the Fisher Funds October newsletter I notice that they have added Comvita (on the NZAX) to their NZ Growth Fund Portfolio.

    Comvita sell natural health care products based on bee related stuff such as honey etc.
    The results for the year are now expected to be $1.1 giving a P/E of 26.6, lower than expected due to the delayed introduction of product and the strength of the NZ$.

    Going forward I would expect some improvement in profit in the next year and can see that things could expand nicely with time.

    Personally given what I currently know (not much) about these guys I would put them on the watchlist for a while and dig a little deeper

    Anyone have any opinions/information on this company?
    om mani peme hum

  2. #2
    Member
    Join Date
    Apr 2004
    Location
    , , .
    Posts
    175

    Default

    PaperTiger, I am interested too but I don't know too much about them. They seem a bit expensive and capital consuming from what I can see.

  3. #3
    Member
    Join Date
    Sep 2004
    Location
    Rakino Island, , New Zealand.
    Posts
    386

    Default

    PE 26.6 is pretty high.
    Cant see $NZ coming back.

    Which country does comvita export to?

    They have quality products, but cost more. Mainly trourist buys it.
    This stock shines so bright that it \"Bling Blings\"

  4. #4
    Junior Member
    Join Date
    Oct 2003
    Location
    Granity, , New Zealand.
    Posts
    1

    Default

    I buy their toothpaste.

  5. #5
    Junior Member
    Join Date
    Apr 2004
    Location
    , , .
    Posts
    18

    Default

    CVT recently announced a profit warning saying 2004 NPAT would be same as 2003, due to higher NZD and delayed product launch. From memory, revenues had grown ~20%p.a. last 5-7 years, but that was on back of first overseas expansion - would it slow? Agree with k1w1 too about capital requirements - ROE was poor: couple of rights issue pre listing, big raising earlier this year, and a DRP. My conclusion was that it had reasonable growth potential but it was largely in the price. i.e. repeat of 2003 NPAT of 1.15m = eps of ~9cps. Pe of 25. Fisher Funds can have them!

  6. #6
    Junior Member
    Join Date
    Apr 2004
    Location
    , , .
    Posts
    18

    Default

    PT, their website had lots of info: www.comvita.com
    A lot of their products seemed a bit nutty to me

  7. #7
    Senior Member
    Join Date
    Jun 2004
    Location
    , , .
    Posts
    1,045

    Default

    Their Manuka honey with UMF is very popular in Australia. Apparently, for healing burn wounds - it is very effective.

    Aussies are shelling out big $$ for this special honey.
    Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.

  8. #8
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Private Universe
    Posts
    5,853
    om mani peme hum

  9. #9
    Member
    Join Date
    Apr 2004
    Location
    , , .
    Posts
    175

    Default

    quote:Originally posted by k1w1

    PaperTiger, I am interested too but I don't know too much about them. They seem a bit expensive and capital consuming from what I can see.
    Gotcha !!!

  10. #10
    Junior Member
    Join Date
    Dec 2002
    Location
    Whangaparaoa, , New Zealand.
    Posts
    4

    Default

    I have been interested in Comvita for some time. When they announced they were moving to the main board their price went up until it doubled...making it unrealistic. I use some of their products which are good and their premises are impressive and their displays well worth seeing. They are in a business that is said to have a future. They do some things that look right, but the shares have been tightly held and hard to buy at an attracctive price. At times they look as though they could do with more hard business experience, but I wouldn't like to be too hard on them, because some of the things they have done have been sensible and, if they can just get their act together a little more smoothly, the future could be good.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •