Comvita - CVT

[Sideshow Bob]

Good eh Bob but aniother good rave from Dave ….all bright and rosy when things come right

A few different profit measures mentioned but this is the one that matters -Comvita’s unaudited NPAT (Net Profit after Tax) for the period is expected to be a loss of $3.2M ($0.8M NPAT after ERP) compared to a profit of $4.2M in the prior period.

They aren't blaming the weather, yield, conditions or the bees being lazy.......that must be for the next one!

[Balance]

Downgrades come in 3s as we all know by now.

Latest downgrade is #2?

[Toddy]

I love a business plan that banks on 'things returning to normal' to achieve forecasts.

[Balance]

Downgrades come in 3s as we all know by now.

Latest downgrade is #2?

Yup - downgrade #2 so at least one more to go.

Sp looks like it's going to have a $1 ... in front of it soon?

[Sideshow Bob]

Yup - downgrade #2 so at least one more to go.

Sp looks like it's going to have a $1 ... in front of it soon?

Yup, almost.....down 7% to $2.05, not much on the bid and next is $2.00.

Only a matter of time I'd say

[Goob]

Cutting investment in the business just to make a stretched second half guidance you set yourselves? CVT is the basket case for everything that's wrong with companies setting financial targets.

"Comvita has identified c$8M of operating expenditure savings that can be realised in the second half to support delivery of this forecast. These comprise variable marketing and sales costs, performance-related incentives and reduction of transformation investment."

[Toddy]

One line says that the Board has confidence and will continue to implement the new strategy.

The next says reducing transformation investment.

Guess that the second line is from the CEO.

[Sideshow Bob]

$2.00 now.

Ask at $1.97, bid side very light......best now $1.80

[percy]

Dave always does a great sell job, his rave must have impressed the judges for these Awards

In BusinessDesk (and paid for by Comvita)


(NZX:CVT), the premium natural health and wellness products provider, proudly announces its significant achievement in winning the coveted Best Growth Strategy category at the annual Deloitte Top 200 Awards.

Comvita CEO David Banfield stated, "We’re thrilled to receive the Best Growth Strategy award at the Deloitte Top 200 Awards. This recognition is a testament to the hard work and dedication of the talented Comvita team, around the world and here at home in Aotearoa New Zealand, who’ve played a crucial role in driving our recent growth and success."

Comvita's consumer focus and transformation program, has a focus on sustainability, social and environmental impact and connection to its amazing founding philosophy nearly 50 years ago. This has resonated with discerning consumers in their key markets around the world and has enabled Comvita to achieve strong levels of growth. Looking ahead, Comvita remains on track to deliver its 2025 EBITDA target of c$50M (20%) as they celebrate their 50th year.

Results shows how poor the judges judgement was.
No surprises to us however.

[winner69]

$2.00 now.

Ask at $1.97, bid side very light......best now $1.80

Was $3.48 about 6 months ago …….before drifting down close to $2.00

And that recent Dave Rave got price back to $2.60:on inspired buying

But bugger it it’s heading to 10 year lows