New 52 week low.
Surely below take over territory now. Same valuation as Capilano Honey. CVT was 4 times larger just a couple years ago.
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New 52 week low.
Surely below take over territory now. Same valuation as Capilano Honey. CVT was 4 times larger just a couple years ago.
Getting the boot from the NZX50. Replaced by Vista.
http://nzx-prod-s7fsd7f98s.s3-websit...524/292590.pdf
CVT now joined by QEX and Foley Wines in the small caps, lol.
Stupid index ......almost the equivalent of buying high flyers near their peak and selling the losers and crystallising losses
Went up $2 to ~ $12 when it went into the NZX50 index in June 2016 and probably deserves to go down $2 on its exit and might be somewhere near fair value then but probably still about $1 overpriced based on sensible metrics for a cyclical heavily weather dependent agricultural stock.
https://www.interest.co.nz/opinion/9...er-strong-boom
Is this about to go sub $5?
Mr Craig explains what happens to the share price when his company gets kicked out of the NZX50
Nothing has changed insofar as the company itself ...that’s good news
Announcement quite funny really. Wonder what’s he thinking
http://nzx-prod-s7fsd7f98s.s3-websit...586/292658.pdf
I think so, but not quite for the reasons in this article.
Two notes:
- Take anything published by Airborne Honey with a grain of salt, their story matches their agenda
- The industry is sh**t scared about the Australians, they are part of a number of forces (most self inflicted) which are reducing Manuka to a commodity.
Funny how he doesn't mention that the reason their company SP is falling is that the market has woken up to the fact that this is nothing but a cyclical agricultural company producing a somewhat cool product BUT a VAST amount of the companies previous growth predictions and profit forecasts have been wildly inaccurate...so inaccurate in my opinion as to very seriously undermine the credibility of the company, its management and the board. I take their profit forecasts with a grain of salt and believe this company is uninvest able. Really their forecasting has been so completely abysmal they should do everyone a favour and keep their mouth shut until the result comes out.