Ebos Limited EBO

[percy]

Percy, how do you see the exchange rate playing out for FY18?

No idea.
My record of predicting exchange rates remains 100% wrong.
I look at company's fundamentals,and expect growing companies will out perform any currency fluctuations.
ps I love your "modus operandi" of buying every 6 weeks.

[LAC]

Haha so being 100% incorrect would suggest whatever you say here, will be the opposite of what is going to happen so go for it lol.
Yeah using that method has been the best so far ever since you mentioned this business a few years back (thanks for that), as before that I sold out so many times but was never able to buy in at those prices again. So now I keep it simple as I do with RYM, just keep adding to the portfolio every 6 weeks and will stop once the companies dont meet their forecasts/guidance

I really like how EBOS gets these smaller acquisitions which they pipe into their macro business with the intention of growth from day one - so being earning accretive from the initial acquisition is just the start of adding to the EPS growth.

[percy]

Haha so being 100% incorrect would suggest whatever you say here, will be the opposite of what is going to happen so go for it lol.
Yeah using that method has been the best so far ever since you mentioned this business a few years back (thanks for that), as before that I sold out so many times but was never able to buy in at those prices again. So now I keep it simple as I do with RYM, just keep adding to the portfolio every 6 weeks and will stop once the companies dont meet their forecasts/guidance

I really like how EBOS gets these smaller acquisitions which they pipe into their macro business with the intention of growth from day one - so being earning accretive from the initial acquisition is just the start of adding to the EPS growth.

All acqusitions have been carefully thought out.They have known where the growth is going to come from, and positioned the business to be there.
They have turned down a great number of acquisitions, because they thought they would not fit perfectly, for a number of reasons.
Their stock control and stock turns result in very strong cashflow,which supports the smaller bolt on acquisition.
Good grief..lol. I am nearly talking myself into buying back the shares I sold.!!
RYM and EBO = "well positioned."

[peat]

Good grief..lol. I am nearly talking myself into buying back the shares I sold.!!

Haha - go on , you know you want to.

My view on currency is that NZD will weaken against Aud
see AUD/NZD thread.

[macduffy]

Good grief..lol. I am nearly talking myself into buying back the shares I sold.!!
RYM and EBO = "well positioned."

All too complicated for me, percy. I just remain well positioned by continuing to hold EBO, and RYM, two of the best stocks on the NZX.

Yes, a satisfactory result from EBO.

[value_investor]

Pleasantly surprised with the result on this one today. This was one surrounded by doom and gloom due to all the profit downgrades and poor earnings by companies in the pharmacy business in Australia. However, it looks like EBO has really diversified well from its core business.

The acquisition is very pleasing as well, exposes them positively to that aging population dynamic. This is one that will really help long term perhaps more than short term. A new wholesale distribution site and contract logisitics site perhaps shows more growth to come.

Lesson of the day: Sell EBO at your own peril!

[Lewylewylewy]

For me the result was exactly as expected, but I was hoping for news a bit better.

I'm looking to sell, because there are better buys, but these are definitely not a bad stock... Good dividend, fair price. No worries, but not sure how I feel about the gearing.

[Lewylewylewy]

To add to that, I'm impressed that ebos is able to manage so much inorganic growth successfully. Credit to management.

[Snow Leopard]

10% constant-currency underlying EBITDA for FY18 (pdf page 15: click me).

With the dividends as well that is good?
Isn't it?

Surely that $100 a share is back on (for soon after the $20 a share)

Best Wishes
Paper Tiger

[horus1]

Excellent reports . Steady as she goes