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04-11-2016, 05:28 PM
#531
Originally Posted by macduffy
I can't recall seeing it before, scary stuff.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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04-11-2016, 09:26 PM
#532
Member
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04-11-2016, 09:33 PM
#533
Scary, but, then again, some of the stuff that gets sold as "manukau honey" is pretty scary too. There's probably about five years in it before the brand is irretrievably tarnished.
How many hectares of manuka have been planted in New Zealand in the last five years? In Australia?
http://www.bloomberg.com/news/articl...agne-of-honeys
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04-11-2016, 09:52 PM
#534
Member
Originally Posted by GTM 3442
Scary, but, then again, some of the stuff that gets sold as "manukau honey" is pretty scary too. There's probably about five years in it before the brand is irretrievably tarnished
I guess that is why China trusts brand like Comvita.
People there have heard of it, know that it is 100% legit and trust their retailers to provide it.
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19-12-2016, 08:06 AM
#535
Originally Posted by ShouldHaveHeld
I guess that is why China trusts brand like Comvita.
People there have heard of it, know that it is 100% legit and trust their retailers to provide it.
Went and took a visitor to a souvenir shop in the city to buy some manuka honey to take home overseas.
Visitor instinctively asked for Comvita which interestingly enough, was not displayed prominently compared to all the other brands on sale.
Saleslady explained the UMF factor and recommended another brand (KiwiGold - very fancy packaging with gold lettering etc) explaining that it is registered with UMF Honey Association.
Visitor happy to buy KiwiGold brand as it was 10% cheaper and there was an extra 5% discount for buying a dozen.
Here's the interesting bit to me - if more and more of the shops selling manuka honey are prepared to spend time and effort to explain the UMF factor and steer customers to other cheaper brands, matter of time before Comvita feels the impact. Either Comvita loses sales or will have to reduce margins.
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19-12-2016, 10:28 AM
#536
SP suggests they are struggling. The trend is now clearly down.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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19-12-2016, 11:03 AM
#537
Member
I'm getting word in that things aren't great for the industry.....
The grey channels into China are being shut down (which Comvita is heavily reliant on)
Total China sales are down 20-30%
Alot of inventory is sitting around at the moment (both in NZ and in CHN), with heavy discounting going on.
Dont want to beat the war-drum but I don't see the 1H loss as a 'blip'
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19-12-2016, 11:05 AM
#538
Originally Posted by kiwidollabill
I'm getting word in that things aren't great for the industry.....
The grey channels into China are being shut down (which Comvita is heavily reliant on)
Total China sales are down 20-30%
Alot of inventory is sitting around at the moment (both in NZ and in CHN), with heavy discounting going on.
Dont want to beat the war-drum but I don't see the 1H loss as a 'blip'
Could this be the next Bellamy's?
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19-12-2016, 11:21 AM
#539
Member
Originally Posted by Ogg
Could this be the next Bellamy's?
Couldn't say, but two things I know....
The market tailwinds which have propelled the industry to high yoy growth in the CHN market (where 60% of CVT product ends up), have subdued.
The exec and the board have not adequately dealt with their sales/supply chain/distrubution risk by allowing so much in-direct trade into a market with one of the most volatile govt regulatory frameworks
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19-12-2016, 11:28 AM
#540
Originally Posted by kiwidollabill
I'm getting word in that things aren't great for the industry.....
The grey channels into China are being shut down (which Comvita is heavily reliant on)
Total China sales are down 20-30%
Alot of inventory is sitting around at the moment (both in NZ and in CHN), with heavy discounting going on.
Dont want to beat the war-drum but I don't see the 1H loss as a 'blip'
Comvita web-site - 3 for price of 2 sale on UMF 5 & 10.
http://www.comvita.co.nz/offers
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