Comvita - CVT

[Rawz]

They may need to build another warehouse to store their growing inventory?
Maybe with the poor harvest this year, down >50% for other bee keepers I have heard they can lower their inventory?
Not a good sign if they can't.

they reduced inventory c $13m over the last 6 months

[winner69]

David must be getting frustrated with no takeover offers yet

Have to try harder David

[sb9]

This is going nowhere over last 3 years or so, had few pump ups here and there but basically stuck in and around 3s.

[william67]

It is unfair to piss them off any longer.

[Balance]

https://www.farmersweekly.co.nz/mark...gs-beekeepers/

"But in a classic boom and bust tale, there's also an oversupply of the once-rare mānuka honey, and beekeepers are struggling to cover soaring production costs as exports soften and prices plunge for all but the very best product.

"There might be only a couple of tons of that in all of New Zealand," he said. "The real story is about the hundreds of tons of almost-as-good stuff. Those guys aren't getting anything like those numbers."

Was surprised to see 1kg UMF10+ Egmont honey on special at $29.95 ($59.95 less rebate $30) at Costco today. Same product was selling in April at $59.95 which was already a heavily discounted price at the time.

Looks to me like the industry has serious over-supply issues with lower grades manuka honey to get rid of!

[winner69]

Wow ..record sales at 618 festival …….wonder how many $s this is

Lost count of how many records Comvita have broken over the years

None the less David loves a good rave …i’ m proud of him

http://nzx-prod-s7fsd7f98s.s3-websit...697/397204.pdf

[BlackPeter]

Wow ..record sales at 618 festival …….wonder how many $s this is

None the less David loves a good rave …i’ m proud of him

http://nzx-prod-s7fsd7f98s.s3-websit...697/397204.pdf

SP in an unbroken downtrend since March. So, yes, he might deserve a certificate for "best improver", and yes, its nice he hasn't downgraded the outlook - but is this sufficient to make shareholders happy?

[winner69]

SP in an unbroken downtrend since March. So, yes, he might deserve a certificate for "best improver", and yes, its nice he hasn't downgraded the outlook - but is this sufficient to make shareholders happy?

Double digit ebitda growth for F23 pretty good

Probably record revenues and record margins and record ebitda on cards

[BlackPeter]

Double digit ebitda growth for F23 pretty good

Probably record revenues and record margins and record ebitda on cards

Didn't they mention at some stage a pretty poor harvest?

But who knows - maybe less is more - at least they could hire out some of their storage rooms, this would be good ;

[Mel]

https://www.nzx.com/announcements/414078
Pitched as a multi-million dollar deal..............no specifics on this and not deemed to be price sensitive. PR spin?