Comvita - CVT

[percy]

Common sense prevailed (thanks ratkin and baabaa and hoop didn't email e)

Cancelled the rest of the order - will wait for sanity to return and then reassess

Now what to do with the few i got yesterday - stop loss is 950

You may have brought some of mine.!!!
Was selling a few "free" ones yesterday.!!...lol.

[Balance]

Common sense prevailed (thanks ratkin and baabaa and hoop didn't email e)

Cancelled the rest of the order - will wait for sanity to return and then reassess

Now what to do with the few i got yesterday - stop loss is 950

There will be a time to invest in CVT but best to wait for the dust to clear - fund managers do not take kindly to being 'misled' and some of them have a philosophy to liquidate if they feel they have been misled. Especially if they are still sitting on huge capital gains.

CVT is still up on where it was at the beginning of the year, and way up (>100%) on where it was 2 years ago.

I would wait for the PE contraction to stabilize now that the stock is past its PE expansion phase in sp.

[jim9358]

You guys finished with your negativity and selling? Just asking as am in for more, wondering if we have a bottom yet as seems stalled at offers 9.65 and 9.8 ;-) ...9.7 v 9.75 ...9.7 v 9.7

[RupertBear]

Craigs Investment rates it today as a BUY with TP $13.00

[jim9358]

At last someone positive LOL

[Balance]

You guys finished with your negativity and selling? Just asking as am in for more, wondering if we have a bottom yet as seems stalled at offers 9.65 and 9.8 ;-) ...9.7 v 9.75 ...9.7 v 9.7

In which case you should be encouraging more negativity and selling. Get the shares cheaper!

[ShouldHaveHeld]

You guys finished with your negativity and selling? Just asking as am in for more, wondering if we have a bottom yet as seems stalled at offers 9.65 and 9.8 ;-) ...9.7 v 9.75 ...9.7 v 9.7

Sometimes the negativity and selling can help others who are looking to buy for the future

[jim9358]

In which case you should be encouraging more negativity and selling. Get the shares cheaper!

True that!

[jim9358]

Craigs Investment rates it today as a BUY with TP $13.00

so from where it is today Craigs sees + 35% ! Nice!

[Balance]

so from where it is today Craigs sees + 35% ! Nice!

Just remember that Craigs is house broker (or as the industry calls it, house poodle) to Comvita. Big big gain of salt and swallow of vinegar first before swallowing their valuation!

Bit like house broker to Feltex Forsyth Barr thinking that Feltex was actually worth something a few weeks before it went broke! Ouch!

DYOR.

BTW - not implying CVT is a Feltex! Just using an extreme example of what house poodles do to retain the corporate client for more fees etc.