Thanks for the link.
Montgomery's team looking at NZ stocks has taken me by surprise.!!
And then liking what they see???????????,.!!
EBO too??? lol.
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Seadragon getting all the attention on this forum.
CVT now $6.75
After buying in at an average price of $3.72 in late 2012 and mid 2014 I sold down about 40% of my holding recently at $6.25
Wished I'd held on a day or two longer but, with hindsight, still happy with the outcome and happy to be holding the 60% remainder.
Anyone have any views on the current share price of $6.75 and where it might 'pause' after the sea dragon announcement?
I see from Noodles post below that Edison Research's target price is $7.16 pre-seadragon announcement.
Hi Vaygor1
Well I started this thread a long time ago, looked at CVT a few times in the past and never bought in and have ignored it up until today.
I must admit to taking Edison valuations with a very large degree of skepticism.
The only other value I am aware of (via the 4-traders.com website) is $5.70
If I use the financials from that site and assume 10% EPS growth post 2018
I get a current 30-Sep-15 value of $5.661
and a 31-Mar-16 value of $6.016
(and at 31-Mar-17 $6.695 - for what such a guess is worth).
Whilst it is good that Comvita are backing SeaDragon for me it remains to be seen whether SEA can, even with a sparkly new factory up and running, actually achieve it's goals.
So for the moment I would make no adjustment for this 'investment' by CVT.
Best Wishes
Paper Tiger
Hopefully Noodles is back from his ban in a day or two and can update us.
CVT have the supply/production/distribution/sales channels for their Honey and Olive oil products performing extremely well,so the fish oil product [products] will be a very profitable add on.
4-traders are showing the following porojections;2016.eps 36.8 cents.PE 17.7...2017 eps 44cents,pe 14.8 and 2018 eps 52.8 cents and a PE of 12.3...
With year on year growth of 20% and future earnings from fish oil to be added to the projections the sp looks to have a bit of mileage in it yet,not counting the help a weakening NZ$ will have.
Percy.
I have no numbers to back this up.. Just a feeling.. We have been around long enough to take those strange things into consideration .. Aye :-))
2016/17.. Are going to be very interesting years.. IMHO... Have even sold half my HNZ..
Reality is about to kick in.. Which will affect ALL .. No money.. No sales.. apart from the basics
Just a feeling.. :-)))
Each time the can gets kicked down the road ... It gets thinner.. Until there is nothing thick enough to kick..
Do not wish to sound like the Scot's man on Dad's Army.. Doom... Doom I tell Ya !!
Just want to be like the affable police man telling the troops..
" Be careful out there !!
Defying gravity is getting harder.!!
The past three years I have had "sell ups" only to decide there is an easy 10 to 20% in this or that,which certainly beats cash at the bank.!Rather than being like the "can" I feel like the snowball rolling down the hill,growing in size all the time.!
My capital has increased considerably,and now the dividend income is very healthy.Looks as though it does not seem to matter if the capital goes up or down while the dividend income keeps increasing.For example our beloved HNZ is paying 8 cents fully imputed dividend.That's fine with me,as it is twice what I would earn on deposit .Two brokers have target prices of $1.30 or more.So I also have a chance of a nice capital gain as well.Remember we brought our HNZ under 80 cents and have had great divies. I don't need any capital out of the market.ie I don't need to sell anything for the foreseeable future.
Here's what I don't want to sell;AIA,AIR,AWK,CVT,EBO,FPH,HNZ,MEL,RYM,SCL,SEK,S KL,SUM,and TIL.
Now back to CVT and a trick question,or questions about SEA.
Question 1] What will SEA's market cap be when it has finished its capital raise and options are converted.?
Question 2] When will SEA's factory be up and running.?
Question 3]What is PAZ [unlisted market] market cap.?
Question 4] As well as producing fish oil what two other things can PAZ do that SEA can't.?
disc.Hold both CVT and PAZ shares,but no SEA.