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26-08-2021, 09:07 AM
#2011
Originally Posted by sb9
Impressive set of numbers and cool slides in investor presentation pack.
Unlike ATM, CVT is executing its reset & transformative strategy (of shifting over-reliance on daigou sales & harvest vagaries) - successfully.
Turnaround is massive and management is upbeat about delivering on expectations.
Underpromise & overdeliver - as opposed to the old Overpromise & underdeliver CVT.
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26-08-2021, 09:16 AM
#2012
Long term the business model is getting better with their strong growth in digital channels.
2022 they state "Digital to at least 38% of revenue."
Well on their way to achieving their target of 50%.
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26-08-2021, 10:01 AM
#2013
Impressive result. Will soon have cash in bank and be debt free. Margin improvement and NPAT result with large increase in marketing expense was a standout for me. I think the market will like this result. Great to see a CEO with a plan who has achieved the milestones. Was expecting a 3 cent dividend not four cents.
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26-08-2021, 10:18 AM
#2014
Originally Posted by Shareguy
Impressive result. Will soon have cash in bank and be debt free. Margin improvement and NPAT result with large increase in marketing expense was a standout for me. I think the market will like this result. Great to see a CEO with a plan who has achieved the milestones. Was expecting a 3 cent dividend not four cents.
They've truly turnaround under Banfield direction and become transformational. Kudos to management, let the journey to $4 and beyond begin..
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26-08-2021, 10:32 AM
#2015
Originally Posted by sb9
They've truly turnaround under Banfield direction and become transformational. Kudos to management, let the journey to $4 and beyond begin..
Will get past $4 today at this rate....
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26-08-2021, 10:35 AM
#2016
Originally Posted by Biscuit
Will get past $4 today at this rate....
Should've been past $4 even before today's results on back of upgrades they kept issuing this year..
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26-08-2021, 10:37 AM
#2017
Great stuff fellas .S/P responding $3.70 atm.
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26-08-2021, 10:41 AM
#2018
Originally Posted by sb9
Should've been past $4 even before today's results on back of upgrades they kept issuing this year..
There has been steady accumulation going on since middle of last year but the share price been going nowhere as weaker holders sell out.
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26-08-2021, 10:46 AM
#2019
Originally Posted by Biscuit
There has been steady accumulation going on since middle of last year but the share price been going nowhere as weaker holders sell out.
That’s how markets work - wealth transfer from the impatient and nervous, to the patient & experienced.
I see a lot more upside now for Comvita sp - China is a huge market and Comvita’s strategy is obviously working.
Plenty of margin improvements to come too.
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26-08-2021, 10:55 AM
#2020
Originally Posted by Balance
That’s how markets work - wealth transfer from the impatient and nervous, to the patient & experienced.
...
Isn't that a great system!
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