Comvita - CVT

[BlackPeter]

FY23 has started well with high single digit revenue growth and double digit earnings
growth

That's good news

EBITDA going to grow from $30m to $50m in next few years

Wonder if it will be hocked off before then and we'll never know whether they got there

CEO sad "Today is a landmark day for Comvita's history. Sounds like the company put its mark on history. This must be good. Is it? - or was it just one of the less noticeable landmarks?

PE (at current SP) is 18. Clearly - this must be cheap for a historic company living in extraordinary times. But wait ... can a historic company be cheap?

... and they are still selling some stuff to the "Rest of Asia". Just wondering how any customer would feel being called the "Rest of anything", but how particularly does this feel for e.g. proud Japanese and Korean people. Hmm ... extraordinary. Wondering how "Rest of Asia" translates into Te Reo, does it sound better there?

Not sure, whether Taiwan is in Comvita terms "greater China" or "Rest of Asia", but wondering whether anybody asked the chair what his plan is if his fellow chair Xi attacks Taiwan.

Sanctions ahead?

...

[winner69]

CEO sad "Today is a landmark day for Comvita's history. Sounds like the company put its mark on history. This must be good. Is it? - or was it just one of the less noticeable landmarks?

PE (at current SP) is 18. Clearly - this must be cheap for a historic company living in extraordinary times. But wait ... can a historic company be cheap?

... and they are still selling some stuff to the "Rest of Asia". Just wondering how any customer would feel being called the "Rest of anything", but how particularly does this feel for e.g. proud Japanese and Korean people. Hmm ... extraordinary. Wondering how "Rest of Asia" translates into Te Reo, does it sound better there?

Not sure, whether Taiwan is in Comvita terms "greater China" or "Rest of Asia", but wondering whether anybody asked the chair what his plan is if his fellow chair Xi attacks Taiwan.

Sanctions ahead?

...

Rumour has it that Xi is under house arrest - coup?

That could be good for Comvita

[BlackPeter]

Rumour has it that Xi is under house arrest - coup?

That could be good for Comvita

Sounds like rumour is wrong.

https://www.aljazeera.com/news/2022/...s-over-absence

Bad for Comvita?

[BlackPeter]

Happened to listen this morning into "Country Life" on National Radio. As one of their stories they interviewed a beekeeper producing Manuka honey. Great story, but it sounds like the industry is somewhat in trouble.

Sounds like nobody seems to want to buy Manuka honey anymore.

Anyway - maybe just the problem of some individual beekeeper, maybe a strange blib ... but maybe not?

[Southern Lad]

Link to Country Life episode Beekeeper story starts at 15:07

https://www.rnz.co.nz/audio/player?audio_id=2018863662

[kiora]

Surplus UMF honey? Looks like it
PakNSave 6x 250grm MGO 40+ for $3.99 each

[Balance]

Surplus UMF honey? Looks like it
PakNSave 6x 250grm MGO 40+ for $3.99 each

Plenty of cheap low UMF & multi-flora manuka honey out there.

Have you seen the prices of high UMF manuka honey? That’s where the money is.

[BlackPeter]

Plenty of cheap low UMF & multi-flora manuka honey out there.

Have you seen the prices of high UMF manuka honey? That’s where the money is.

But only if people are buying it. Anybody can ask for lots of money - the trick is to find as well willing buyers, and this seems to be currently the issue.

[Balance]

Update on honey harvest in 2022 - less hives and less beekeepers.

https://www.rnz.co.nz/news/national/...-honey-in-2022

[winner69]

more fantastic news from Comvita

David is a great story teller isn't he .... loves that part of a job.

http://nzx-prod-s7fsd7f98s.s3-websit...674/383808.pdf