Comvita - CVT

[winner69]

Hope so, by the way winner how about those bowling mates of yours who got in at $13 or so.....

They pissed off big time but going to hang in there

Like many have (or will) found out the promise of better returns from the stock market over term deposits hasn't eventuated. Chasing yield and the next big thing a mugs game unless you have some idea what you doing.

[Balance]

https://www.nzx.com/files/attachments/251910.pdf

ONL restated sales forecasts - distributors' sales down 85%!

So much for the manuka honey story - amber gold (honey) going the same way as liquid white gold (milk).

[Beagle]

https://www.nzx.com/files/attachments/251910.pdf

ONL restated sales forecasts - distributors' sales down 85%!

So much for the manuka honey story - amber gold (honey) going the same way as liquid white gold (milk).

WOW thanks for sharing, some very somber reading there.

[Sideshow Bob]

How are the guys at the bowling club going Winner? Drowning their sorrows??

[horus1]

As stated at the AGM the chinese Co which took the shareholding at 10.80 is a large retail chain , Govt backed in china. I feel that the regulatory problems will be solved. Price fluctuations similiar ti this have happened before and looking back have been a buying opportunity.

[Balance]

As stated at the AGM the chinese Co which took the shareholding at 10.80 is a large retail chain , Govt backed in china. I feel that the regulatory problems will be solved. Price fluctuations similiar ti this have happened before and looking back have been a buying opportunity.

The sp chart since Dec 2015 would beg to disagree with you. Each buying opportunity had been superseded by a new low.

[Apathy]

As stated at the AGM the chinese Co which took the shareholding at 10.80 is a large retail chain , Govt backed in china. I feel that the regulatory problems will be solved. Price fluctuations similiar ti this have happened before and looking back have been a buying opportunity.

I think that is very very optimistic. Profit warnings always understate the true extent - it is basically about BOD butt covering on going disclosure requirements with minimum info. and it takes the sting out of the subsequent result.

We don't know if it is market down turn, raw material shortage, counterfeit products, more competition, regulatory, weather..... half year result will give us proper info on top line sales and inventory.

Given they started year with 12 months of inventory - a drop in sales will blow that out further - and if it is the 'wrong' stock then its going to be a big write off.

And as for the weather - have no doubt it has impacted but there is no way you can convince me that impact won't be really felt till next financial year.

$4 won't be cheap

[RGR367]

It would be while still then if I could bought them for less than 3 bucks. I'll wait

disc: not a holder yet

[Hoop]

The self updating 15 minute chart Post#642 is currently showing the bounce is weakening..The momentum indicator as from 2.30pm today has gone slightly negative (one sell signal) The other indicators still OK and the depth is showing no resistance points at this moment...

Closed today at $7.30 down 10c from its high point...A brilliant bounce so far ...The dead cat bouncers will be very happy with this one..

[Beagle]

Dead cat bounce...looking a bit dead now.