Comvita - CVT

[winner69]

H1 EBITDA was down 32% on pcp

Looks like H2 going to be down about 60% on pcp

Things getting worse as time goes by

David will be peeved he didn’t manage to hock this company off (very attractive and cheap a year ago he said)

Maybe David won’t be around much longer

[flyinglizard]

H1 EBITDA was down 32% on pcp

Looks like H2 going to be down about 60% on pcp

Things getting worse as time goes by

David will be peeved he didn’t manage to hock this company off (very attractive and cheap a year ago he said)

Maybe David won’t be around much longer

you are right, winner. the board of CVT expects magic will happen without strategy change. A2 and MWE also export to China, but the reports show they are managing new business model to adopt. The hopeless comes from CVT cannot stop this trend, that would be endless loss to the end.

[kiwikeith]

Jeez Comvita obviously so full of optimism or they have no real idea as to what’s going on

Here’s how their guidance has evolved last 12 months

FY23. EBITDA $33.5m
Aug23 guidance ….double digit growth in EBITDA
Nov23 guidance $33m-$38m
Feb24 guidance . $30m-35m
May24 guidance $23m-$28m
July24 unaudited $17.1m

4th July 2023 (ie a little over 1 year ago) Comvita announced it was buying Honeyworld, a honey retailer in Singapore for $10m. It was going to 'accelerate delivery of our FY25 target of $50M EBITDA'

[flyinglizard]

4th July 2023 (ie a little over 1 year ago) Comvita announced it was buying Honeyworld, a honey retailer in Singapore for $10m. It was going to 'accelerate delivery of our FY25 target of $50M EBITDA'

Another loss, maybe - $ 50m in FY25