CLV 1.01% 49.0¢ clover corporation limited

Joca,I am naturally impatient and hence I just want to get out...

  1. 1,232 Posts.
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    Joca,

    I am naturally impatient and hence I just want to get out of CLV. However, like a lot of holders my position is enormous so I cant get out of it easily. Additionally, when I sit down and actually think about why I would sell, I can only come up with one reason: SP.

    If I were you Joca I would continue to hold. I say this because there is no good reason to sell. In fact, based on the latest developments you should buy more - there isnt a company on the ASX that has the prospects which also match the risk profile like CLV. I have put this challenge up a number times for HC posters to give me a stock that equals or betters CLV's profile. Whilst this is just my opinion I dont believe there is one.

    CLV has a sound business. Its making money, on solid results. This is the extent of the downside. The upside however is huge. The market for DHA-based products globally hold massive potential. If CLV can manage to secure some of these sales it will be a dollars-stock. One contract alone to Mead in Asia is worth circa 3-4mill if you use micro eq numbers. The point I am trying to make is that if CLV can actually prove-up sales penetration, you are on a winner just like a mining company if success stikes. Its all about getting the sales, as the market exists and is still growing.

    I am not going to keep rambling on, but if you look closely at CLV you cant justifiably say that you should sell. Even if you look away from financials - like current shareholders and management they are of very high quality. This alone would prompt people to purchase. The reason I am fed up with the stock is because the stock price goes nowhere despite advances. I am missing out on other opportunities because of this holding.
 
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Last
49.0¢
Change
-0.005(1.01%)
Mkt cap ! $60.11M
Open High Low Value Volume
49.0¢ 49.5¢ 49.0¢ $8.983K 18.23K

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No. Vol. Price($)
2 32789 49.0¢
 

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Price($) Vol. No.
50.0¢ 44797 1
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Last trade - 15.45pm 15/11/2024 (20 minute delay) ?
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