[QUOTE=Ogg;711459]Whatever you say mate....YAWN https://www.hukahoneyhive.com/shopping.html Just one of many, many other manuka honey producers out there selling their wares...suppose they're all worth 35 times their earnings too. Good luck.
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[QUOTE=Ogg;711459]Whatever you say mate....YAWN https://www.hukahoneyhive.com/shopping.html Just one of many, many other manuka honey producers out there selling their wares...suppose they're all worth 35 times their earnings too. Good luck.
[QUOTE=Beagle;711465]lol, that's like giving me a link for Yahoo search vs Google.
Look at the "about us page", ma and pa operation: https://www.hukahoneyhive.com/about-us.html
On second thought, Comvita would actually appreciate that, no need for anti-trust regulation....
http://www.purenewzealandhoney.com/ I could keep posting links all day if I had the time or thought it would do any good but I will leave it at that as you are perfectly entitled to your point of view and good luck with that.
[QUOTE=Ogg;711459]What's your call on TGH got to do with anything being discussed here? The SP of CVT has pretty much done as bad as TGH over the last 2 years.
Fair enough if you want to apply that valuation criteria to your investment, I just thought it was ignorant to tell people that earnings are irrelevant for this company.
Well considering they have a virtual monopoly they have certainly screwed up!
So valuable they had to hock off some of the family silver last year to shore up the business
With all this talk of premiumness, moats, monopoly, optionality, billions of Chinese consumers, etc etc you would think the compoany would be spewing out cash from operations
Far from it as chart below shows - CVT a real cash burner (2018 is onlyH1). Last 5 1/2 years negative cash flows of $36m
Add to that another $57m of plant and intangibes and they have burned through heaps eh
Company value or intrinsic value is the NPV of future cash flows ..... whats going to change .....hmmm
Book value $186m and market cap over $300m ....hmm again
Hope you only in for the big takeover ogg