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21-05-2018, 08:52 PM
#1131
Originally Posted by blackcap
Try this ...
https://www.nzx.com/instruments/CVT
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21-05-2018, 09:22 PM
#1132
Last edited by Xerof; 21-05-2018 at 09:24 PM.
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21-05-2018, 09:56 PM
#1133
Originally Posted by Xerof
All very well in hindsight - it wasn't a mutt until the board and management went barking mad
my biggest regret - putting CVT in the annual comp, hoping for the takeover - it's going to spoil my christmas
Don't give up yet - Ogg reckons that the big monopoly ant Comvita may yet get taken over and it will not be successful unless the Chinese offers $10 per share.
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22-05-2018, 12:02 AM
#1134
Originally Posted by Balance
Don't give up yet - Ogg reckons that the big monopoly ant Comvita may yet get taken over and it will not be successful unless the Chinese offers $10 per share.
The take over will happen, it's just a question of when.
Your $3 downside call was just plain wrong. The stock has already come down from $12 and the market cap today is a meagre $280m.
I bet you in the next few weeks there'll be an offer on the table. They won't just walk away. This is all just part of their plan.
I'd admit $10 is probably not gonna happen "this year." I can see at least $8 in the short term, maybe $9 if they're lucky now.
Now that the share price has dropped, so has the expectations, therefore it's the same odds as before, $2/$3 upside vs $1 downside. I'd advise those who got trapped before to double down.
It will be interesting to see if $6 holds tomorrow. I bet you it does hold. Need to wait a few days for the volume to settle to see where it's at. If it drops below $5.50 (which it won't) I might get back in, but at that price I'll be in for the long term.
At the end of the day, this stock is just cheap compared to everything else in the world today. If it was trading on the ASX or was a private company it would be double the price today. Hell, even Capilano Honey on the ASX is almost as big as Comvita now.
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22-05-2018, 07:17 AM
#1135
Originally Posted by Ogg
The take over will happen, it's just a question of when.
Your $3 downside call was just plain wrong. The stock has already come down from $12 and the market cap today is a meagre $280m.
I bet you in the next few weeks there'll be an offer on the table. They won't just walk away. This is all just part of their plan.
I'd admit $10 is probably not gonna happen "this year." I can see at least $8 in the short term, maybe $9 if they're lucky now.
Now that the share price has dropped, so has the expectations, therefore it's the same odds as before, $2/$3 upside vs $1 downside. I'd advise those who got trapped before to double down.
It will be interesting to see if $6 holds tomorrow. I bet you it does hold. Need to wait a few days for the volume to settle to see where it's at. If it drops below $5.50 (which it won't) I might get back in, but at that price I'll be in for the long term.
At the end of the day, this stock is just cheap compared to everything else in the world today. If it was trading on the ASX or was a private company it would be double the price today. Hell, even Capilano Honey on the ASX is almost as big as Comvita now.
Careful about providing investment advice, Ogg - you could find yourself in FMA's sights if someone took your advice and lost money!
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22-05-2018, 07:32 AM
#1136
Originally Posted by Ogg
Like I said before, the new Chinese owners will clear all the stock easily.
Potential buyer was not Chinese - you read it here first.
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22-05-2018, 08:19 AM
#1137
Originally Posted by Ogg
Now that the share price has dropped, so has the expectations, therefore it's the same odds as before, $2/$3 upside vs $1 downside. I'd advise those who got trapped before to double down.
You might want to familiarize yourself with the forum rules related to the promotion of securities and giving financial advise. And yes, its easy to get caught out providing financial advise, particularly if you do.
Particularly interesting however that you recommend people to buy securities you sold off yourself (as you admitted) ... A financial adviser on our forum who does not follow his own recommendations?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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22-05-2018, 08:35 AM
#1138
Originally Posted by Balance
Potential buyer was not Chinese - you read it here first.
Chinese just waiting mate.
Sun Tzu tactics ‘He who knows when he can fight and when he cannot, will be victorious’
”When investors are euphoric, they are incapable of recognising euphoria itself “
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22-05-2018, 08:36 AM
#1139
Originally Posted by BlackPeter
You might want to familiarize yourself with the forum rules related to the promotion of securities and giving financial advise. And yes, its easy to get caught out providing financial advise, particularly if you do.
Particularly interesting however that you recommend people to buy securities you sold off yourself (as you admitted) ... A financial adviser on our forum who does not follow his own recommendations?
May as well close the forum down then
”When investors are euphoric, they are incapable of recognising euphoria itself “
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22-05-2018, 08:39 AM
#1140
Originally Posted by winner69
May as well close the forum down then
Certainly a very dangerous place for people who know no better.!
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