Agm next Wednesday. We might see the first upgrade for the new year. Not long to wait.
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Agm next Wednesday. We might see the first upgrade for the new year. Not long to wait.
Great article https://www.newsroom.co.nz/hive-to-h...und-road?amp=1
Will be interesting to see if the daigou channel has been good for CVT like it has for Bubs on the asx, which has also boosted A2 share price.
I wonder how true is the oft-repeated idea that consumers want to know the "origin" and "story" behind the products they are consuming. I guess it must be true as all the marketing gurus say the same thing. But I've spent some time in China and those guys literally eat anything. Also, when it comes to health products, aren't they the world's biggest consumers of endangered animal parts?
Having a read through AGM presentation. Apart from Q1 up 10 percent on PCP. Also states material opportunities being explored. Exciting and looks good for a upgrade .
https://stocknessmonster.com/announc...vt.nzx-381307/
Inventory only down 10%
Stock turn still only 1.9 times
What is not known and likely a baddy is the stock turn on their low value honey. From others I have hear it can't be sold as no market for it. Market value of this honey $3/kg?. What is it valued in CVT books at? What % of inventory is it?
Key milestones
730 bps increase in GP
Looking forward
150 bps improvement in GP (second half weighted)
Inventory & net debt
• Inventory reduced by $11.7m vs. 30 June 2020
• Reduction in non-Mānuka honey inventory
holding through bulk sales
Share of Revenue
2020 Bulk honey 6%
2021 Bulk Honey 7%
On conference call. Chairman says good times ahead for CVT.