cvt on fire again today
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cvt on fire again today
I'm not sure if there has been a time when so much has gone right for Comvita. Their investments in plantings is paying off. Honey quality and quantity has gone ballistic. Perceived health products sales rocketing Internationally. NZ inc seen as top shelf globally, There is stock in their Chinese warehouse to service the huge demand and sales are eroding debt faster than Phar Lap on a good day.
Ah, whats happened today?
Good to know, a day after investing again :(
Still 5%+ up for the week, I'll happily take that
did mention it was looking overbrought
Another decent climb after yesterdays rollercoaster. My CVT shares went down almost as soon as I purchased them but are now 40% up which I'm pretty happy with considering my overall portfolio is quite small
Looks to have broken the upward trend line that started towards the end of March. Looks to have support at $4 so wondering whether it's going to go into a trading range from $4 to somewhere between $4.30 and <$5 for the next wee while. Not prepared to hold over the weekend so I've pulled the pin.
Why not join the crowd and raise some cash?? @$2.50
https://www.nzx.com/announcements/353841
Comvita announces NZ$50 million equity raising
28/5/2020, 8:49 amOFFERComvita Limited (Comvita) has today announced its intention to raise approximately NZ$50 million via a NZ$20 million placement (Placement) to institutional investors, together with an approximately NZ$30 million 1 for 4.15 pro-rata accelerated non-renounceable entitlement offer (Entitlement Offer) (together the Offer). The Offer is fully underwritten by Craigs Investment Partners Limited and Forsyth Barr Group Limited.
Included in this announcement is:
• Offer Announcement
• Offer Document
• Investor Presentation
• NZX Corporate Action Notice
• Cleansing Notice