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28-05-2019, 04:53 PM
#1431
Bounced off $3, have a feeling it won't be long.....
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29-05-2019, 12:06 AM
#1432
CVT is a horticultural company subject to the vagaries of weather and, in this case, the bees. So, it sells into East Asia where propolis and UMF are exciting. However, without production it has nothing to gain. Oh dear, such a stupid statement. The point is that bees and weather go together. Oh dear, stupid again, unless you like poetry. Best to price CVT as a primary producer rather than as a high tech stock. Maybe their Uruguay connection will give some climate protection with production but too soon to say I think.
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29-05-2019, 06:58 AM
#1433
Bees will only go for Kanuka if there is nothing easier to forage on. Good luck getting any volume, and without being multi floral
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06-06-2019, 09:59 AM
#1434
ceo just quit.
https://www.nzx.com/announcements/335622
saee there doing strategic review as well. things not good at comvita
one step ahead of the herd
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06-06-2019, 10:20 AM
#1435
Originally Posted by bull....
Sounds like he did an outstanding job: "Throughout his 16 year tenure with Comvita including four years as CEO, Scott has played an integral role in transitioning the company from a small exporting company with sales of $20m, to the vertically integrated, high value-add international business that we are today with global annual sales now at over $200m"; "Comvita Chair, Neil Craig said that “Scott’s commitment to Comvita since joining the Company in 2003 has been outstanding. He will most be remembered for his pioneering work in developing our market presence in Australia, United Kingdom, North America and Asia. Scott has fostered the relationship with our Chinese partners over the past 16 years and has been a key driver of Comvita’s success in the China market."
Just wondering whose fault it was that the company is now in such a mess .. based on this glowing appraisal it clearly wasn't the CEO?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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06-06-2019, 11:32 AM
#1436
Member
Usual kiwi commodity exporter problems - rely on sales channels you dont directly control, focus on supply & production (buy lots of inventory), throw money at the problems, try and be everything to everyone, lack focus on what generates $ and shareholder value
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06-06-2019, 11:38 AM
#1437
Originally Posted by BlackPeter
Sounds like he did an outstanding job: "Throughout his 16 year tenure with Comvita including four years as CEO, Scott has played an integral role in transitioning the company from a small exporting company with sales of $20m, to the vertically integrated, high value-add international business that we are today with global annual sales now at over $200m"; "Comvita Chair, Neil Craig said that “Scott’s commitment to Comvita since joining the Company in 2003 has been outstanding. He will most be remembered for his pioneering work in developing our market presence in Australia, United Kingdom, North America and Asia. Scott has fostered the relationship with our Chinese partners over the past 16 years and has been a key driver of Comvita’s success in the China market."
Just wondering whose fault it was that the company is now in such a mess .. based on this glowing appraisal it clearly wasn't the CEO?
Just the usual B.S. The truth is he presided over a MASSIVE DESTRUCTION in shareholder value since being appointed as CEO.
His appointment has been a complete failure and I believe he was miles out of his depth.
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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06-06-2019, 11:45 AM
#1438
Originally Posted by Beagle
Just the usual B.S. The truth is he presided over a MASSIVE DESTRUCTION in shareholder value since being appointed as CEO.
His appointment has been a complete failure and I believe he was miles out of his depth.
Poor chappie is not in control of the weather, or so they say.
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06-06-2019, 01:11 PM
#1439
Originally Posted by Balance
Poor chappie is not in control of the weather, or so they say.
Much more than the weather going wrong with this pup ! SP pop this morning tells you the market had lost confidence in his abilities as a CEO...if he ever had any ? You need to clear some space in your PM's mate so I can PM you.
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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06-06-2019, 01:11 PM
#1440
Member
Originally Posted by Beagle
Just the usual B.S. The truth is he presided over a MASSIVE DESTRUCTION in shareholder value since being appointed as CEO.
His appointment has been a complete failure and I believe he was miles out of his depth.
He was out of his depth, but to be fair he came in when alot of the decisions which have confounded to result in the situation now. Ironic that Brett Hewlett will be back for the 'strategic review' and undo alot of what he helped create.
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