So a mere 63% more than where it is trading today......hope they're not ploughing all of their managed funds into there.
Printable View
https://www.nzx.com/files/attachments/252188.pdf
Over-supply of honey products in China market.
http://www.sharechat.co.nz/article/c...rey-markethtml
Look at that very ugly decline in sales for the latest quarter. Tax change and uncertainty regarding looming new regulatory issues are really stinging.
Director Luke has bought 35,000 shares
Been a Director since 2014 and this looks like his first purchase - ?
Must think hare price has hit rock bottom
Little birdie told be CVT is discounting 25% in China to clear stock. So much for the brand moat.
If you start a sentance with ........... a little birdie told me......... Does it mean you can just make stuff up?? :D
Was looking at CZZ results in Aus, market not impressed.
Maybe market (& me) are preoccupied with short term outlook
Not an inspiring result at all.
Chart of CZZ resembles that of CVT but fall not as dramatic and as much.
The worry is that it really looks like the Aussies are really going to get into the manuka bandwagon in a big way.
The bandwagon can only carry so much - remember only too well how NZ milk and milk powder were described as liquid and white gold.
CVT really needs to maintain brand integrity at all cost in the shakeup which looks inevitable?
Not good for the NZ Honey industry.
http://www.stuff.co.nz/business/indu...y-from-shelves