It would be surprising if any sort of current yield did not surpass the year before of wetness, cyclones etc ;)
it was a bit of a wash out the previous period
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Have some faith. They could get very well information from their 7.5k hectares manuka trees.
Is this a play out of the Rakon book to get the SP up??
https://www.nzx.com/announcements/426680
Comvita Limited NZX:CVT today advises that a credible offshore party has approached Comvita with a highly conditional unsolicited, indicative, non-binding proposal to acquire all of its shares (“NBIO”). The indicated offer price represents a significant premium to the current share price. The party indicated it would prefer to implement any acquisition by a negotiated scheme of arrangement.
The Board of Comvita has retained Goldman Sachs New Zealand Limited as financial adviser and Simpson Grierson and Chapman Tripp as external legal counsel, to assist with Comvita’s consideration of the proposal.
Comvita has concluded an initial exchange of information with the party, following which the party confirmed its interest in undertaking further confirmatory due diligence.
The Board has decided to provide further access to confirmatory due diligence information with a view to determining whether the NBIO may evolve into a formal proposal that might be in the best interests of all shareholders.
There is no certainty that the NBIO will result in any negotiated transaction for shareholders to then vote on. Comvita shareholders do not need to take any action at this time in relation to the NBIO. The Comvita Board will continue to keep shareholders and the market informed of any material developments in accordance with its continuous disclosure obligations.
Bridget Coates
Chair of the Comvita Board sub-committee responding to the NBIO
Dave with a big smile telling himself ‘ it’s taken a while but I’ve finally found a buyer’
I get feeling Comvita Board is quite keen to sell so might not do the Rakon, Arvida trick
Action coming up I reckon
No mention of price
Any guesses on price?
Just learnt the hard way not to leave an order open. I tried to sell some shares for $1.95 a few weeks ago and left it there as the shares went down to the 1.80s. This possible bid news came out and I was bought out at $2.01. I have some other cvt shares with sharesies which I will leave to see how this possible bid develops.
W69.
Perhaps "our David" should become FBU's next CEO.?