Surely they should have gone into something that had a bigger divvi yield if they trying to replace a cash deposit ?
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I'm not claiming that , still hold a small amount of CVT but taken 80% off the table . However this is in some ways a risky stock .
Subject to the vagaries of the weather, Manuka does not always flower each season apparently , bees subject to disease , varorra etc ...Put this up against insatiable Chinese demand , but we have seen that with milk powder in the past ......
Some people should be happy with boring things like MEL imo ....
Speaking of risks, was there ever a follow-up to the fake manuka honey scandal?
Alot of work currently being done in the background by the UMFHA, MPI as the China CIQ are turning up the heat. Think similar to the way the botulism scandal affected the NZ Infant Formula industry, there could be a clean up of suppliers into China. Whether this gets played out behind closed doors or in front of the media remains to be seen.
CVT down about 15% in the last month while NZX50 up over 7% OUCH !!
Bargain or something wrong ?
Stubbornly high NZ$.
Disc. Looking to add.