LOL you're on your best game early this week mate. Couldn't agree more. Metrics for this fast growing company are compelling in my opinion.
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Neighbour asked me when will share price get back over $12.50 (their buy price) so he and his mates down at the bowling club can feel better
I said soon - just be patient mate and don't get tempted to cut your loses again and go and chase the next sure thing. Term deposits not getting any better he reminded me.
Yes, for quite some time now I've thought about having a plaque made up along the above lines in my office. A very large dose of patience an essential ingredient for most investments.
The UMFHA is run like a cartel. It's a private organisation designed to protect the global monopoly. Comvita are like the Godfather controlling everything as they provide most of the funding. They pretty much own it.
It's like giving a private organisation the power to issue food safety certificates to restaurants and bars. Just imagine having Mcdonald's setting the food safety standards in New Zealand. Of course this is going to disenfranchises others and is open to dishonesty to maximum the profit and eliminate the competition.
This is what happens when a commodity all of a sudden becomes valuable. Just like Standard Oil in the early 20th century, Comvita have vertically integrated the system, along with the regulatory framework and legislative oversight. The current National Government will most likely support them because they create jobs which fuel their political agenda. If New Zealand was a third world country, Comvita would have been nationalised by now.
These are all rumours and gossip, but when you join the dots it's easy to see a system that's open to corruption and needs regulation.
The share price is headed to $20+ over the next year IMO. The only thing that can stop this behemoth is the government.
The share price is headed to $20+ over the next year IMO. The only thing that can stop this behemoth is the government.
Jeez $20 plus
Roger and others will like that
We're going to need a share split, say 10:1 :)
I got in today at 10.59.
Regardless of weather the industry gets regulated it's going to head higher.
I'm hoping for a solid report tomorrow and more hedge funds should enter and push it higher.
A 10:1 split and a dual listing on the ASX would be nice.
Good luck to everyone.
it's out...had a quick look.. profit is very good.. debt could be an issue..
Solid result, gearing up for GROWTH !! :t_up: