Apologies.
Just how many are you buying as I see over 87,000 have been traded today.?!..
Printable View
Officer (advisor to the board) selling - not a huge percentage of his holdings, but still more than $200k. Profit taking on a now quite expensive share ... or just expensive plans for Christmas?
https://www.nzx.com/files/attachments/226191.pdf
Discl: don't hold
Hi - im looking to invest in Comvita as I believe the Manuka honey market has potential for further growth. I was just wondering who Comvita's main competitors are?
are there any similar competing companies listed on the NZX?
cheers
It is not just NZ companies that might be competition.
http://www.cardiff.ac.uk/news/view/153719-pharmabees
https://www.activejellybush.com/
Do some research on price to earnings ratio, outlook, is the valuation based on earnings or potential earnings or hype. Also note cvt invested in seadragin recently for i think .009 per share and currently the sea sp in about 14 -16 so what ever happens to sea could affect cvt share price.
I don't own any and wont suggest either way.
Cheers
Not sure about NZX listings main board or secondary board but NZ honey companies as at 2011 is here:
Attachment 7786
Very comprehensive independent NZ report with the above in it can be found here:
http://www.mbie.govt.nz/info-service...202.8%20MB.pdf
There is an ASX company that also makes Manuka Honey (apparently it also grows in parts of Aust ) CVV ( Capilano Honey ) has been going up quite a bit for last few months (but not today )
It is a very good result and great to see someone successfully adding value. Interesting to note that the main growth has been in Australia - had been assuming it was out of China. Weak dollar won't be helping but that growth on that dollar and a weak economy is pretty impressive. Like the fact they are focusing on lines outside manuka which I assume is a very finite supply (obvious exception to the diversification being SEA of course ;-))
NBR article 6/1/2016.
"NZ honey exports DOUBLED in November as the country benefited from demand for high value MANUKA honey".
CVT has the supply, the product,and the distribution channels in place to take advantage of this demand.
With the distribution channels in place they have added olive oil to their product range.Now with their investment in SEA they with secure fish oil as an add on product.
The growth rate is far in excess of the PE ratio, so there is still plenty of share price upside potential.
Yes, Capilano mentioned on page 52 of the report I gave the hyperlink to earlier today, repeated here:
http://www.mbie.govt.nz/info-services/sectors-industries/food-beverage/documents-image-library/Investment%20opportunities%20in%20the%20honey%20in dustry%20-PDF%202.8%20MB.pdf
Note that Beevital is a Capalino sub-brand. The questions asked down the right hand side of page 52 are very pertinent. On the same page you will note that the UK was already into manuka honey in 2011 too.
Pages 53 to 56 in the report show other additional competition to NZ in the honey sector.
Strong buy by Reuters. About 14 to 1 on the buy side in volume and ask now of $9.00 on less than 3000 volume.
Gunny
Disc: Holder and not on the sell side currently.
Comvita getting into bed with one of the darlings of the ASX.
Not sure if this could potentially lead to a takeover at some stage or if it actually makes it less probable . Market seems to like this move this morning
http://stocknessmonster.com/news-ite...=NZSE&N=278633
DISC: Holding
Makes the NZX 50 from the 13th of April and up 51c today, over 5%. Even made stuffs top 10 movers for the day. Where to next I wonder.
Gunny
Things getting hot out there in this sector ,
http://www.nzherald.co.nz/nz/news/ar...ectid=11618326
Very sad....hard working people making a living. You would think people would work together to grow the industry but shortsightedness and short term gains from small minded people. (assuming it was poison)
Yes is sad, but not new, some hives were poisoned near me (Hokianga) a few years ago.
CVT rent my place ( & my neighbors ) for hives & have not been touched yet.
Disc: Used my beesite rental payments to simply buy CVT shares (back when they were approx $3 ) But thinking of selling some, as CVT have become such a big chunk of my portfolio.
Managed to hoover up a few more this morning...I can only see this going one way with the NZX50 inclusion. Only a matter of time before the directors do the right and decent thing to enhance liquidity and do a stock split and we all know what that does to the SP too :).
$11.70 bid GYGT
$12.01 bid now and almost nothing on the offer and won't be getting any supply from me anytime soon. Its sure going to be an interesting week in the lead up to the inclusion in the index that's for sure. One thing I noticed too with the recent inclusion of A2 into the ASX300 is that index tracking funds kept on buying in the days following the inclusion so what price CVT 10 days from now ? :)
"no time for lunch"....
http://www.4-traders.com/COMVITA-LTD...NUKA-22138126/
and an old link:
http://www.manukafarmingnz.co.nz/wp-...2014-Final.pdf
Had another good look at this yesterday. Points to note :-
Last year they reported on 22 May 2015 so we're just one month away from that.
Last year they comfortably exceeded guidance and grew profits 28% to $10.2m
Official guidance last issued in Nov 2015 was for profit to grow to $16m, (at the mid point) = 57% anticipated profit growth this year and EPS of 40 cps.
Company presently trades on a PE of 29.5 based on forecast 40 cps for a company growing materially faster than that.
Very strong supply chain developments this year and new management appointments look good.
I'm a huge believer in the benefits of honey generally and specifically manuka honey.
Huge growth to come in the years ahead. Possible stock split now its in the NZX50 to aid liquidity. Only just under 40m shares presently on issue. Might as well do a 10:1 stock split.
Doing a bit of product testing for my own benefit and will give some feedback on product's effectiveness in due course
http://www.comvita.co.nz/products/me...ma-cream/A7651 This for especially dry and itchy skin around the eyelids and
http://www.comvita.co.nz/products/me...g-lotion/A7649 this as a general moisturiser
Sign up was very easy as a customer, 10% off first order and free shipping for order as it was over $30, nice welcome as a customer by e.mail, prompt delivery the next day, (today).
Product packaging, presentation and customer communication is first class and application easy and smooth and feels soothing and good on the skin unlike a competitors product I tried that went on like a thick cake of honey and felt like dried honey on your skin afterwards.
Not Comvita specifically but here's an interesting take on the health properties of various types of honey.
http://www.darlingbeeproducts.com/in...p/jarrah-honey
Follow-up product report. Those products gave amazing results. Taken years off me and solved the dry skin problem like magic. Far better than a competitors product I tried before and left a far better feeling on the skin when applied. CVT report later this month. Expecting a strong result and strong growth outlook along with a solid dividend and possible share split. Very happy holder and product user :)
Very good sign doing a comparative 12 month report to March
Not compelled to - must be excited about the numbers and want to do a bit of gloating I reckon. Couldn't contain themselves i reckon
Good stuff
They were excited eh
Best thing about the result is that margin expansion accounted for $6m of the increase in ebitda (rest from selling more). Thats are really healthy sign
https://www.nzx.com/files/attachments/235083.pdf
Obviously more to come.
They can dine out on this again in 3 months time.
Just the beginning of a very exciting journey. Products are truly exceptional and they have only merely scratched the surface of market penetration in many overseas markets, (excl Australia).
As you suggest Winner69, expansion of margin a major positive here along with very strong sales growth. Profit up by 69% mate...is that an omen for Winner69 to get some more :)
Historical PE only 27.7 for a company growing profits at 69% ! Massive potential for growth here in the years to come. Very happy holder :)
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.
As per previous posts I really like the products, the growth rate is sensational, the PE very modest compared to the growth rate and I believe they have only really started to scratch the surface of international expansion. (Disc: I have been adding more, DYOR, not to be considered professional advice)
Quote Originally Posted by heisenberg View Post
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.
http://www.sharetrader.co.nz/images/misc/quote_icon.png Originally Posted by heisenberg http://www.sharetrader.co.nz/images/...post-right.png
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.
The glass seems half full, it’s a powerful brand which has ever growing international recognition, the results just released were very strong, they have exceeded forecast and are looking ahead with great enthusiasm.
A share price spike was only avoided as two major shareholders were selling down, portfolio managers need to buy in as it is now in the NZX 50,Mgt seems to be at the head of the game securing supply and proactive with the CZZ deal which has been formalised.
The downside includes failed and now abandoned medical trials for diabetic foot ulcer treatment by Derma who were one of the majors selling out and the sale of a few shares by Scot Coulter.
It seems to be the only exposure to the golden Manuka honey grail on the NZ market. CVT mgt are experienced and an integral part of this, heading the charge in cultivar development, securing honey supply, are involved with MPI in developing a standardised classification system which can only enhance genuine Manuka honey product and the Comvita brand.
Online sales channels will continue to grow enhancing profitability.
There’s a lot to like here maybe buy a small stake and keep adding. If in doubt go to your local supermarket when its busy and listen to the reverence in punters voices as they spy the Manuka honey, buy it while you can in pottles the future lies in tablets and tubes as its price continues to rocket.
Disclosure I am heavily overweight in this share and given its comparitvely thin trading effective stop lossing is a problem with gapping a concern,that said a share split could be warranted which would once again help the price along.
FY17 forecast PE only 21 for a company growing at 68% last year. Management are very confident of doubling sales by 2020 and with the company gaining ever increasing economies of scale and efficiency as the company grows I expect profit growth over the next four years to significantly outstrip the doubling in sales. Profit could triple over the next 4-5 years. Share split with only 39m shares on issue is likely at some stage. Outstanding growth opportunity in my opinion. (Disc: Hold, DYOR not to be considered a recommendation or professional advice).
JV announcement this morning. Secures top of South, no lead up time, instant product, growth and more growth.
Happy camper, SP not that excited though.
Gunny
Good they're issuing shares at VWAP to pay for it too. To be fair at the beginning of April the SP was $10 so there's already been quite an increase over the last two months. Like the advertisement for Mainland vintage cheese says "good things take time" :) https://youtu.be/I0ojT2h8Oz4 Actually speaking of good things takeing time, I wonder where CVT SP will be in 18 months ?
My best guess $4 after a five for one share split. (Disc Holding, DYOR, Caution: this post contains highly speculative comment on one possible scenario of the future SP and should not be considered to be professional advice or a recommendation).
At start of year I had a 3 year guess factor in my spread sheet of 2016 at $12, 2017 at $15 and 2017 at $20, if no split so similar expectations.
$12 for 2016 already surpassed, have a smile on but still sticking to the 15 and 20 over the coming two years. Don't ask me to justify as after DMOR used a dart board.
Gunny
Technical question.
What distance do you stand from your dart board to throw your darts?
I am trying to compare the 5 pace standard to a 10 pace.
I have found the longer period the moving average is, the more defined is the trend.
I was wondering if this is also the case with the dart board.
I am concerned if I used too longer a distance I may not hit the dart board.
"Global natural health products company Comvita (NZX:CVT) has promoted Mr Ben Shaw to the position of Chief Marketing Officer (CMO) and Mr Simon Pothecary to the position of Chief Sales Officer (CSO).
Comvita CEO Scott Coulter said, "Mr Shaw has responsibility for our global marketing strategy, planning and execution for Brand, Category and Product, Regulatory Affairs. His role will ensure a high degree of coordination across our businesses and markets and deliver a consistent brand experience.
Chief Marketing Officer (CMO), Ben Shaw; BA, PGDipCom (Marketing) Ben Shaw joined Comvita in September 2015 as General Manager Category. He was previously Senior Category Manager at Asahi Premium Beverages where he oversaw the Beer and Cider portfolios. During this period he launched a number of new brands including the Boundary Road Brewery craft beer range and worked with multiple international brand owners. Prior to this he was Marketing Manager at Les Mills International and held numerous marketing roles at DB Breweries."
Sounds like an excellent acquisition.
I'm probably in no position to judge but they seem to have made a number of good appointments in recent months. Happy holder.
How big is the dart board LOL
Sea dragon convertible loan amounts to circa 7.5 cps for so recent SP weakness could be a little overdone...
Had a chat with the yield seeking neighbour I have. A group down the bowling club cashed in their term deposits and have had bad experiences with HLG and after cutting their losses on that went to AIR and after collecting the dividend sold them at a loss and moved into Comvita as the next hot stock. These guys apparently are pretty clique and like following each other.
Nearly $13 they paid and now lamenting another capital loss.
Brokers seem to be encouraging them poor buggers. I told him either go back to term deposits or just hold on to his Comvita shares and hope it'll be alright.
Betcha many oldies are lamenting buying shares for the dividend - but some probably done very well
Neighbour and his mates happy with the dividend they got the other day ...but me neighbour says he got 10 cents but his shares have lost 80 cents. Got his beer money but less beers in a few years time is how he puts it.
Been screwed they reckon - i said just bad timing and told him best plan now is probably to hang in there and hope it all turns into milk and honey ....but reminded him to tell his mates not to let the hype get to them in future and thats there no such thing as free money.
But heaps of Comvita products with the shareholder preferred 20% discount card and their skin will be as smooth as a baby's bottom, they'll be in superb health from the manuka honey and hold and the 70% growth will see them ahead in the medium term. All sorted mate :)
Hoping for some great news in the EOFY announcements to stop this downtrend or else I might have to jump out for a little while...
Seems to be going down like a lead balloon ... Wondering if it is time to get out?!
http://www.4-traders.com/COMVITA-LTD-6497045/consensus/
Winter normally their slowest time of year for product sales. Aussie is a big market for them, perhaps the high $Kiwi has been a factor in recent weakness. Quality high growth stock trading on a reasonable PE for its growth rate. Disc: Holding
Hope my neighbour and his mates down the bowling club haven't noticed
Buying in just under $13 because divies are better than deposits not a good move and to think told them to hang in there.
Some 15% off recent highs, ouch.
Glad i stuck with Trilogy when somebody told me Comvita was a great buy a while ago - greater growth prospects with Trilogy and still cheap as
Honey good for you mate...its mentioned in the bible many times...have a look. Scented candles thing just a fad to appeal to people's psychological state of mind....make them feel better about their mundane lives.
All good mate. CVT due for a share split soon so you never know your chances, you might get lucky :)
Maybe CVT won't need a share split after all.
Sorry mate
Only falling on light volumes. It'll have it's day again
Still long way above 200MA
Every time i see my neighbour I run for cover - he and has bowling mates bought in near 13 bucks because term deposits weren't returning anything. I told him to hang in there this time around and not sell out of a losing position this time if stocks were preferable to term deposits (their previous 2 goes at seeking better returns from shares cost them heaps)
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.
Just an observation - CVT share price seems to have heading south since they said they had taken even more interest in SeaDragon in late May
http://www.4-traders.com/COMVITA-LTD...45/financials/
For a company growing at such a rapid pace it seems to beggar belief they're on a forecast multiple of only 18 times FY17 earnings...that's below the average for the NZX50 and look at the analyst projected growth. Acknowledge there are execution risks and thanks to posters for pointing them out but there's risks in every business.
Company recently confirmed its on track to double sales by FY20.
hardly see its MACD dips below zero.. and RSI is way oversold... might start to nibble some shares...
Yep, but still high. http://www.newshub.co.nz/business/st...#axzz4FSZIHa8f
Hopefully once the China steel trade issue and 'threats' are cleared up, the market starts realising the current strong tailwind behind these exporters, particularly due to the efforts of the RBNZ to lower the dollar further and the beneficial year we had for harvests.
Edison research hasn't been updated since November (after H1 results) but seeing FY March was in line with their numbers i take it that their $9.20 valuation is still relevant
http://www.comvita.co.nz/_assets/Inv...rt,Nov2015.pdf
Many on this thread are expecting too much from Comvita. They spent years ticking over around the Three to Four dollar mark quietly doing a great job. Suddenly the herd noticed and the price rocketed up very fast, all the way to Twelve dollars. Great little company but it was one extreme to the other. Valuation likely lies somewhere in between