A very very lucky escape for NZ (along with THL) that this company was not taken over - for the sake of the extra $1.00 being asked by directors at that time!
More potential yet for sure.
Now if only they can get that dog, SEA, to perform.
Printable View
A very very lucky escape for NZ (along with THL) that this company was not taken over - for the sake of the extra $1.00 being asked by directors at that time!
More potential yet for sure.
Now if only they can get that dog, SEA, to perform.
http://www.nbr.co.nz/article/comvita...arket-b-188796
All looks good :t_up:
Share price now looks to be around 4 years ahead of itself. A good report but any gains look well and truly priced in to me.
PEG is less than 0.41. Historic PE less than 28 and growth rate north of 68%. Increasing margin's bode extremely well for the future and are likely to increase further as the company continues to grow and develop economies of scale.
I think we have a superb growth company here on very reasonable multiples for its growth and it will prove exceptionally rewarding for serious long term investors. In addition having used two of the products myself I'm extremely impressed. Really this company is extremely well positioned to grow internationally and as they've proved they can do this in Australia with a low cost approach I think the model rolls out globally extremely well over time.
Top 6 holder sells 2.054m shares. Derma cashing in their profits?
Cashing up Derma $12m, Alan Bougen $12m (after several decades you'd have to say well done), Brett Hewlett $0.7m
So this was obviously well orchestrated for the sellers and buyer(s) and just after last results announced - all very clean and tidy.
Now all we need to know who got out their cheque book (hmm... bringing out an "ATM" card doesn't seem the same)
On the 12/5/16 a $24m stake about 5% of Comvita was sold by long term holders - and i did wonder myself if CZZ.AX were taking a long term holding as the two companies work collaboratively to exploit the manuka honey demand. It would make sense that long term holders would sell to a partner with whom they are collaborating.
But CZZ.AX has little cash (half-year report) so they could have organised short term funding. As that trade in CVT.NZ was 5 working days ago there should have been a disclosure notice by now, so the possibility that it went to CZZ is still open. More intriguing today CZZ.AX went into trading halt for a capital raise.... this is all curious speculation on my part
Too late to get on the CVT train? I have some indicators suggesting overvalued, others suggesting undervalued. I like the look of the company however.