Comvita Ltd (OTCPK:CVNZF)

$ 0.6727 0 (0%) Market Cap: 79.91 Mil Enterprise Value: 141.91 Mil PE Ratio: 0 PB Ratio: 0.48 GF Score: 56/100

Full Year 2019 Comvita Ltd Earnings Call Transcript

Aug 22, 2019 / 10:30PM GMT

Release Date Price: $1.9

Transcript

Operator

Good day, and welcome to the Comvita Limited Full Year Results 2019 Conference Call. Today's call is being recorded.

Hosting the call today is your Chairman, Neil Craig. Please go ahead.

Neil John Craig

Comvita Limited - Non-Executive Chairman

Well, thank you. It's Neil Craig here, in the room -- good morning, everyone. In the room, we've got Julianne Keast, the CFO; Scott Coulter, CEO; and we've got Executive Director, Brett Hewlett.

Before I go into the actual results, I just want to give a background to why we are 3 days later than we had announced we're going to -- that we were going to put the results announcement. With the share price below the value of the noncurrent assets and with the strategic review in full swing, we thought it was a unique opportunity to, if you like, clean the balance sheet of some impaired goodwill and sort of that process is not straightforward. So the last 3 days of -- really to go -- a function of the complexities around the good loan clean up process of several, what I call CGUs or cash-generating units.

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