Managed to get out at $8.29 this morning after thinking about selling yesterday, but reasoning the SP was still rising, so decided to wait. Read the announcement this morning and hit the sell button immediately. It's been a good recovery from the previous bottom of $6 so happy to lock in the gain from there (even though selling at a loss from my entry point).
So 26 October 2016 that 'we expect our net profit after tax for the June 2017 financial year will be similar to our 2016 after-tax operating earnings of $17.1m. '
Then on January 23rd 'we now anticipate that our 2017 after-tax operating earnings will be in the range of $5-7m'
And then today 'result in an after tax operating loss for the financial year ended 30 June 2017, in the order of $7m'
Enough said - i think Mr Coulter has no idea what's going on, maybe too much honey mead made him slightly delusional
First down grade $10m-$12m and this downgrade $12m-$14m. It's amazing the share price has collapsed completely. Maybe hope is a strategy
This is only the second downgrade - third one to come.
Anyone look at the financial position? Higher inventories and losses may necessitate a capital raising?
Managed to get out at $8.29 this morning after thinking about selling yesterday, but reasoning the SP was still rising, so decided to wait. Read the announcement this morning and hit the sell button immediately. It's been a good recovery from the previous bottom of $6 so happy to lock in the gain from there (even though selling at a loss from my entry point).
LOL, lucky. The guy who bought that must have been pissed.
The easiest way out for them is to sell stock.
They are not in the storage business.
The easiest way to sell stock is to "meet the market".
Manuka Honey has been off our shopping list as it is too expensive.
We will start buying again if and when they half the price.
I expect others will do the same.
Neighbour was excited that Comvita had 'updated' their guidance. I didn't have the heart to tell him that up words don't always mean more profit.
He and his mates bit peeved with their 'investment' in Comvita .......but I did tell him that he should be as happy as Larry with his 'investment' in Heartland
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Neighbour was excited that Comvita had 'updated' their guidance. I didn't have the heart to tell him that up words don't always mean more profit.
He and his mates bit peeved with their 'investment' in Comvita .......but I did tell him that he should be as happy as Larry with his 'investment' in Heartland
Yes owning the bank is way better than having money in the bank.
The easiest way out for them is to sell stock.
They are not in the storage business.
The easiest way to sell stock is to "meet the market".
Manuka Honey has been off our shopping list as it is too expensive.
We will start buying again if and when they half the price.
I expect others will do the same.
Problem is , it is a one off as with this weather next season isn't a given either ..... Just wish normal honey would come back down in price as well ....
Bookmarks