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Thread: Comvita - CVT

  1. 07-05-2019, 11:33 AM #1411
    Beagle
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    Quote Originally Posted by peat View Post
    yeh I thought it was weird for a more basic reason. a loss is not a net profit.
    LOL it really is a joke and doesn't give one a lot of confidence when they don't even seem to have a basic grasp of conventional wording when forecasting the result does it.
    Not only is their track record with forecasting results over the years a complete fiasco now they're entertaining us with obtuse terminology...you really have to wonder how far the CEO is out of his depth...
    Last edited by Beagle; 07-05-2019 at 11:34 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
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  2. 07-05-2019, 11:34 AM #1412
    winner69
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    Quote Originally Posted by peat View Post
    yeh I thought it was weird for a more basic reason. a loss is not a net profit.
    Maybe words have different meanings when you based outbin the country at Paengaroa
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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  3. 07-05-2019, 11:41 AM #1413
    winner69
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    Wonder what these sentences actually mean — “This valuable inventory is funded entirely by Bank borrowings. Our operating cash flow for the year is positive .......”

    I look forward to seeing the full years cash flow statement.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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  4. 07-05-2019, 11:55 AM #1414
    kiwidollabill
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    They 're calling of an after tax profit of 4M in their branded business in the 4th quarter..... no statement around what it is now (I expect also negative). If the apirery side is still negative then they are going to be still in the red.

    Again, its all just window dressing blaming on BU vs the other in the eyes of shareholders.
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  5. 07-05-2019, 12:16 PM #1415
    Beagle
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    I think its crystal clear senior management have been eating too much of their own product lol
    https://www.youtube.com/watch?v=ui5BDtyy52c
    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
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  6. 07-05-2019, 04:07 PM #1416
    Apathy
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    At least they have the Seadragon investment to fall back on when all else fails.......
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  7. 07-05-2019, 04:27 PM #1417
    winner69
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    Half year report (December) had this —Capital commitments for the group totalled $11,700,000 at 31 December 2018 in relation to plantations, the completion of the new warehouse at Paengaroa and the outstanding consideration for the acquisition of a Queen Bee Breeding Unit.

    Suppose that’s coming out of further debt as well.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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  8. 07-05-2019, 04:47 PM #1418
    Beagle
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    Quote Originally Posted by Apathy View Post
    At least they have the Seadragon investment to fall back on when all else fails.......
    Funniest thing I have read all week.
    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
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  9. 20-05-2019, 10:54 AM #1419
    artemis
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    NBR headline today (behind the paywall)

    Comvita is wasting shareholders’ money
    SHOESHINE: The mānuka honey specialist keeps finding excuses for poor performance.
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  10. 20-05-2019, 04:18 PM #1420
    Apathy
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    Quote Originally Posted by artemis View Post
    NBR headline today (behind the paywall)

    Comvita is wasting shareholders’ money
    SHOESHINE: The mānuka honey specialist keeps finding excuses for poor performance.
    Shoeshine is always articulate and insightful ...... and he doesn't miss this time either..
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