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"Comvita shares caned on NZX after racking up first half loss"

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https://www.stuff.co.nz/business/112501889/comvita-forecasts-6m-loss-after-third-poor-honey-harvest-in-row  (6 May 2019)

"Honey producer Comvita is predicting a $6 million after-tax loss for the financial year after a series of setbacks has affected its business.

On Monday its share price tumbled 11.7 per cent to $3.70, its poorest performance in four years. 

Adverse weather, the overcrowding of mānuka sites with hives from competing beekeepers and the tough mānuka honey standard have combined in a third poor year in a row for the Te Puke-based company."

 

https://www.nzx.com/instruments/CVT

Comvita shares listed on NZX at $3.25 (at close 24 May).

CVT

$3.250

-$0.080 / -2.40% 52 Week Change: -$2.710 / -46.16%

Instrument NameComvita Limited Ordinary Shares

Issued ByComvita Limited

ISINNZCVTE0001S7

TypeOrdinary Shares

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Some of Comvita’s JV’s haven’t brought anything but more debt to the table, I wonder when they will be cut loose. 

Gotta wonder when they blame overcrowding for their drop in tonnage.

whos overcrowding who :) 

  • Agree 5

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Comvitas hives are down every road in my area, even 3 sites on one road with mine and manuka health's just about a stones throw. 

Me and my mate call Panguru beekeepers Lane because there are literally thousands of hives

  • Sad 4

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