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Thread: Comvita - CVT

  1. #1631
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    https://www.nutraingredients-asia.co..._medium=email#

    Quoting Comvita China online sales for early March being up 70%.

  2. #1632
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    With the virtual shut down of airline flights I am surprised not to hear much dialogue around how the daigou channel has been affected....

  3. #1633
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    Quote Originally Posted by kiwidollabill View Post
    With the virtual shut down of airline flights I am surprised not to hear much dialogue around how the daigou channel has been affected....
    Air freight is still moving as far as I'm aware.

  4. #1634
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    Quote Originally Posted by jonu View Post
    Air freight is still moving as far as I'm aware.
    Air NZ have a scheme but very very little currently.

  5. #1635
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    Quote Originally Posted by jonu View Post
    Air freight is still moving as far as I'm aware.
    https://www.nzherald.co.nz/nz/news/a...ectid=12320809
    https://www.rnz.co.nz/news/political...-begin-tonight

  6. #1636
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    Quote Originally Posted by kiwidollabill View Post
    With the virtual shut down of airline flights I am surprised not to hear much dialogue around how the daigou channel has been affected....
    In OZ Daigou sendign stuff via parcels instead of in person. I am expecting be similar in NZ as given the two countries are quite similar in many ways.

  7. #1637
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    Quote Originally Posted by longy View Post
    In OZ Daigou sendign stuff via parcels instead of in person. I am expecting be similar in NZ as given the two countries are quite similar in many ways.
    Not sure - private people sending stuff to China (or anywhere else) is not considered "essential" in New Zealand:

    https://www.nzpost.co.nz/business/co...orary-closures

    NZ Post accepts at the moment only parcels from companies doing essential business, not from private people trying to make a buck by circumventing the official sales channels.
    Last edited by BlackPeter; 11-04-2020 at 03:47 PM.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  8. #1638
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    One of the stellar performers in the last 2 weeks but CVT has claimed the wage subsidy so revenues are down 30%?

    Quote Originally Posted by Ogg View Post
    COMVITA NEW ZEALAND LIMITED
    Employees: 16
    Paid $103,984.80

    http://nzx-prod-s7fsd7f98s.s3-websit...783/318581.pdf

    Strong online sales but claims wage subsidy, mmm?


    http://nzx-prod-s7fsd7f98s.s3-websit...783/318581.pdf

    https://www.nzx.com/announcements/350435

    "23/3/2020, 9:26 am MKTUPDTE
    Comvita Limited (“CVT”) is continuing to experience strong demand for its complete range of products (in particular Mānuka honey."

    Something smells - and it's not the smell of rancid honey!
    Last edited by Balance; 11-04-2020 at 08:50 AM.

  9. #1639
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    Comvita's NZ based retail and tourism arm will be hard hit. Online sales out of their Chinese warehouse will not offset NZ employment at retail.

  10. #1640
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    CVT stock was behaving extremely strange and speculative even before COVID, with random rallies out of nowhere. Now it's uptrending on the general exaggeration of honey being sold out of proportion to previous years. But how much of that is directly comvita sales, they aren't exactly the only sellers of honey.

    Question is have they benefited enough to fix their horrendous balance sheet?

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