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Thread: Comvita - CVT

  1. #1636
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    Quote Originally Posted by percy View Post
    Arrived this morning.As purchased.
    Comvita 500g UMF 10+.
    Good price.Good service abetterme.
    Plenty of Manuka honey at decent prices at my local Pak n save

  2. #1637
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    Quote Originally Posted by stoploss View Post
    Plenty of Manuka honey at decent prices at my local Pak n save
    I saw them this morning at Moorhouse Ave store.
    However I was acting on management's orders.
    Anything for peace...lol.

  3. #1638
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    Less than 4 years ago this puppy was trading at $12.80.....now you can get almost 7 at that price.....

  4. #1639
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    Going gangbusters today, does it have legs?
    Have not followed this company for a few years, are their pronouncements to be relied upon or are they a slippery bunch.

    Fairly obvious they have only cancelled the capital raise because they would not get any, but how genuine is this upturn?
    Last edited by ratkin; 23-03-2020 at 01:12 PM.

  5. #1640
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    https://www.nutraingredients-asia.co..._medium=email#

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

  6. #1641
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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....

  7. #1642
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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.

  8. #1643
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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.

  9. #1644
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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

  10. #1645
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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.

  11. #1646
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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 04:47 PM.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  12. #1647
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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 09:50 AM.

  13. #1648
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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.

  14. #1649
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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?

  15. #1650
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    I sold my last CVT holding on Thursday. Eventually made money on this one, but my sole aim was to just cover my losses which were up to $7,000 at one stage. Perhaps I sold too soon, as something us up with the SP, big increases in a short space of time. Still it would take some more positive and extraordinary news for me to stick with CVT. Only time will tell. They still need to raise that capital, and make a profit. Good Luck. I always sell to soon, but you never go broke making a profit, even though it is less than it could be by taking bigger risks.

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