Looks to me to have a base at about 5.50.
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Looks to me to have a base at about 5.50.
Thats a little over the top. I agree with you on hive density. It's getting crowded by new entrants, and 1,000 new beekeepers per annum, mainly hobbyists.
But the reported incidence of AFB has been between 0.2% and 0.5% for the past 10 years. Double it for non-reported and undetected cases, and it's still very low. There is a step change in monitoring and audit checking about to commence, so I don't see AFB decimating the industry any time soon. If anything eradication might be closer to becoming a reality than is thought.
This doesn't have much to do with Comvita's performance, so I'll leave it there.
RSI under 20 is only a valid indicator good if it returns through this line ;) and I don't see the MACD crossing over - do you?; But sure - after this steep drop it is an almost certain bet that we will see at some stage (not necessarily now) a dead cat bouncing ... which would form a very temporary bottom and could be a great opportunity for holders to get rid of this flea ridden dog;
Too many bad treated animals for me :p;
http://nzx-prod-s7fsd7f98s.s3-websit...483/279879.pdf
More token purchases?
The one director I follow closely is Rob Campbell - this guy takes on a Chairman job only after he is convinced it is the right company for him and he is right for the company, and then he loads up on shares to show the colour of his money and his commitment.
Neil Craig buying is simply to try and save face - he has presided over 2 years of mismanagement as Comvita's Chairman. And don't forget the investment in SeaDragon - shows how lousy the company really is with its decision making process.
Do Comvita have a JV with that Capilano outfit in Australia?