would you sell at this price, very disappointed with this company, competition increasing, will it get better.
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would you sell at this price, very disappointed with this company, competition increasing, will it get better.
price fall under 4 support then leaves next support at just under 2. another bad yr probably see them get there i reckon
https://www.nzherald.co.nz/business/...ectid=12207556
This may muddy the waters more!
https://www.nbr.co.nz/story/comvita-...a-honey-orders
Interesting.Quote:
...Coulter says the company is in negotiations with its biggest North American customer, which has 500 outlets in the US and Canada...
The US overstocked another brand and Comvita has received no orders since the end of 2017.
Suppose they can make $8m profit on an average basis, as appears to be the case looking at last few years. That's 17.5 cps. Now apply a cyclical agricultural no growth PE of 8.5 and you get fair value of $1.49. Anyone paying more than that has really bought into the manuka honey hype in my opinion.
https://www.nzherald.co.nz/business/...ectid=12210504
Comvita: Still looking for the sweet spot
literally lol
Analysts have also queried Comvita's move away from the unofficial grey trading channel into China — the channel that propelled it into the limelight in the first place.
Wilson says Comvita's experience is in stark contrast to fellow premium Chinese consumer play a2 Milk, for which daigou remains an important platform.
Will A2 suffer the same fate?