Only falling on light volumes. It'll have it's day again
Still long way above 200MA
Every time i see my neighbour I run for cover - he and has bowling mates bought in near 13 bucks because term deposits weren't returning anything. I told him to hang in there this time around and not sell out of a losing position this time if stocks were preferable to term deposits (their previous 2 goes at seeking better returns from shares cost them heaps)
Surely they should have gone into something that had a bigger divvi yield if they trying to replace a cash deposit ?
They lost out with AIR and HLG so their thinking was both divies and capital gain.
Thought CVT was the next hot stock
Everybody not as smart as we are.
I'm not claiming that , still hold a small amount of CVT but taken 80% off the table . However this is in some ways a risky stock .
Subject to the vagaries of the weather, Manuka does not always flower each season apparently , bees subject to disease , varorra etc ...Put this up against insatiable Chinese demand , but we have seen that with milk powder in the past ......
Some people should be happy with boring things like MEL imo ....
I'm not claiming that , still hold a small amount of CVT but taken 80% off the table . However this is in some ways a risky stock .
Subject to the vagaries of the weather, Manuka does not always flower each season apparently , bees subject to disease , varorra etc ...
I saw in the news yesterday that beehive thefts are becoming a bigger problem too.
Speaking of risks, was there ever a follow-up to the fake manuka honey scandal?
Alot of work currently being done in the background by the UMFHA, MPI as the China CIQ are turning up the heat. Think similar to the way the botulism scandal affected the NZ Infant Formula industry, there could be a clean up of suppliers into China. Whether this gets played out behind closed doors or in front of the media remains to be seen.
CVT down about 15% in the last month while NZX50 up over 7% OUCH !!
Bargain or something wrong ?
Probably a number of factors:
Reaction after a meteoric rise; concern about possible Chinese trade issues; publicity around theft of hives; investors selling big gains to seek higher yields. What have I missed?
Reaction after a meteoric rise; concern about possible Chinese trade issues; publicity around theft of hives; investors selling big gains to seek higher yields. What have I missed?
Disc: Grumbling about missing this one.
Maybe those brief 'annual' results to March weren't what they seemed from the headlines?
Hmm - might start digging
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by winner69
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