Comvita Monthly Buy Zone

16 Agu

Buying into Comvita
Monthly chart going back decades

Has multiple reasons to buy technically, and is selling far below book value, has low debt to equity and current ratio of 5.54 so assets far outweigh liabilities

Low dividend, but this is really a long term capital gains play say 5 years should be up to at least $5-$6

16 Agu

Catatan

There are two unclosed gaps on the weekly chart which are $2.96 and $6.32
Which will make good targets
Thats close to 250-300% to the first gap and 500% gain to the second gap...
Likely take 2-3 years but who cares as thats far better than 8% average

If you wanted to be conservative, could always sell 50% at $2.96 you'd get 140% of your original money back to invest in something else - and have free shares that you could keep to $6.30 or hold out till $11 with no risk at all in them

16 Agu

Catatan

Updated plan to do exactly that... selling out 50% of shares at $2.96 and reinvest original money elsewhere... removes risk and puts original money back to work