raking it in 2.50 spp vrs 3.55 on market price well done. once the debt paid off they will be in a very good position
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I'm picking this will slowly drift down to below $3 mark as current holders look to lock in some profits before they get their new discounted shares.
@Joshuatree
How many did you apply for? I only got 20%. Got told was heavily over subscribed
Yes ive had relationship with Craigs for a while now so they now offer me the odd titbit. Dzhang, yes 20-22% but someone must have dropped out and i was just lucky on the day.
Right on Mac, thats what often happens,dissapointment at the scraps one gets. Im about to apply for Wholesale investor status so may get bumped up a bit.
Your previous post Arthur was one of the few accurate posts on Comvita atpit, thanks.
milford joined the register
http://nzx-prod-s7fsd7f98s.s3-websit...961/323621.pdf
one of the best fundees out there
A company with a very poor and chequered history and an extremely dubious past when it comes to forecasting anything.
It remains to be seen whether anyone got a bargain with the history of this pup.
"eligible institutional shareholders elected to take up 10% of their entitlements"
What this clearly says is despite the apparent deep discount to previously traded prices existing institutional shareholders have had an absolute gut full of broken promises, B.S. forecasts and management ineptitude. Turnover was supposed to be $400m this year...anyone on here remember that ?
Just a reminder, they lost just on $13m at the half year result announced in late February. https://www.nzx.com/announcements/349069
ANYTHING this company says about the future needs to be read with deep scepticism and being fully cognisant of their multiple wildly missed forecasts in the past.
One also needs to be fully cognisant that honey harvests vary widely from one year to another and just because they might be having a better year this year doesn't mean it won't all turn to custard again next year. A smart approach is to look at their average performance over the last few years (which reflects average climatic conditions) and then ask yourself if this company is actually a viable entity in its current form ?
Disc: Don't own, not short and not interested at any price. Just posting this as a warning that the very best guide to the future is the most recent past !
Others will have a completely different view because now its different, or so they think, and they're perfectly entitled to their opinion too and good luck to them.