I blinked and missed it.
;)
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new all time high?
Yes, it's been a great long term hold - I hold a few! But I wouldn't expect the pharma contract to be a game changing boost - the Aussie govt keeps a tight hold on the business and margins there are pretty skinny.
New highs all round ( and in my last post for 2019 read 2018 :blush: )
I am hoping that my current EBOS holding is the modern equivalent of Mainfreight that I should never have sold.
Postscript: Rising price is on rising volume, both in NZ & across, which I see as a really good sign. :)
Highlights of the comments from a recent review on an Australian value investor website I subscribe to are:
* good track record of acquisitions
* profit growth of 5% or more if margins remain stable
* risks seen as Australian government spending and if manufactures were to cut out the wholesaler
* valuation doesn't look demanding but healthcare part of the business looks ripe for deregulation or disruption.
Happy holder from $8 ish.
New high of $24 today. Onward and upward!
:)
Yes, there's always a few who can't resist a new peak, eh?
Will need continuing good results to justify these high prices but very hard to sell down any more of my oldest, best performing act!
Don't ever sell.
I am still suffering withdrawal symptoms....!!!...lol.
do not sell ,only accumulate. These have not got overhyped like many.
Nothing rises in a straight line, but ………...$24.15 now, another new high!
:t_up:
We just got a new puppy. Wife came home from the vet with a bag of Blackhawke.
It's a labrador....if we keep her on it, there will be an earnings upgrade soon enough.... ;)
Ten years ago who would have thought
https://stocknessmonster.com/charts/mft.nzx/
https://stocknessmonster.com/charts/ebo.nzx/
https://stocknessmonster.com/charts/fph.nzx/
https://stocknessmonster.com/charts/ift.nzx/
https://stocknessmonster.com/charts/rym.nzx/
Ok which ones for next 10 years?
Is there over exuberance now?
Back in civilization and working internet in time to see a peak of $25.
Surely this madness must cease?
End if an era eh percy
http://nzx-prod-s7fsd7f98s.s3-websit...499/305798.pdf
Modest result and outlook.
Really, percy?
I'd call it another very good result and a good outlook.
:)
http://news.iguana2.com/macquaries/NZSE/EBO/339557
I am not at all sure how you draw that conclusion esp re the outlook , percy.
I saw "confident of a significant increase in earnings in FY20". Significant is a word I would hope someone shouldn't use lightly. Significant is a lot more than a little bit. So I am quite hopeful on the outlook front.
The market seems to agree +110 today (4.5%)
I am however increasingly aware of over-valuation and exponential price movement however remain glad that I have a rule not to sell any more.
EBO's PE ratio is over 5 or 6 times their eps growth.
And that significant increase in earnings for FY20 is really going to have to be very significant.
it is true that most of the comparative figures are of modest increases and the one that counts most of all eps, is actually a slight minus.
Underlying results better though, and they are more indicative imo.
However it has been noted previously that Ebos growth is a bit lumpy so we know to have patience and they will perform.
Personally, i wasn't that impressed. The numbers looked unimpressive, but the words were good. Im not worried about the company, though. Still solid. Beats the bank. Hopefully better growth next year.
Ebos by the numbers was "modest". Sp goes up.
Atm profit increase was massive. Sp goes down.
...i get it... its opposite day! Wait... let me get in the spirit of the day... its NOT opposite day ;)
Disclaimer: I am (not) a holder... or am i? Opposite day is (not) very confusing.
Could have been far worse, would rather have an ok result now with promise of a big improvement, than a big rise now and talk of a slow down
Updated this chart of EBO share price v EPS over the years
One might say that based on history the EBO share price has got ahead of itself .....but 2020 is going to be ‘significantly higher ‘ they say (the new big contract no doubt)
But I reckon EBO is seen in better light these days ...being big helps ....and essentially being an Aussie company now may have something to do with it.
Well if it is going to be "significant" I think it will be outside NZ or Australia.Most probably Indonesia or Asia.
The share price is certainly high in historical terms.
I think the answer might be to take some profits by selling part of your holding.
We bought into Ebos 6 years ago at approx. $10.00 per share.
Yesterday I sold 20% of those shares at $24.00 per share.
The price (and market) may continue up but one never knows what is around the corner.
There is a comfort level in having reduced our risk while prices are so favourable.
How much in way of earnings this new supply contract going to create seeing its now up and running.
Is that the ‘significant’ bit or is that the yet to be announced Indonesia play as percy suggests
EBO opened an office in Shanghai to counter Chinese crackdown on daigou sales.
http://www.sharechat.co.nz/article/f...crackdown.html
I sold some in the high 22's so only just now with the price coming back below 24 it is beginning to ease my disquiet (a little). It had gone quite a bit parabolic.
Patience , Grasshopper I keep telling myself.
Winner I think it is a big question how much profit the Chem Warehouse deal will generate, even if it does bulk up turnover.
I still have a lot of confidence in this company to do well. Patience...
I hope all sharetraders are members of the NZSA. They are doing a good job.
last time I sold some shares while standing on the moral high ground they promptly went up 25% (VHP)
less inclined to act with my feet now.
it seems that good company directors want to be paid a lot. I mind less and less the better the overall return is.
Are they early warning signs when the first thing the new guard does is, look after the big end of town, (richly) reward themselves and hire additional directors?
Another small acquisition ....broadens Ebos business into medical devices.
Good move
http://nzx-prod-s7fsd7f98s.s3-websit...638/309746.pdf
I liked the bit about committing to do more acquisitions. I believe that this is one of EBOS's main strengths.
Now that's odd. I've held EBO since the Early Bros days and always thought that the business included medical devices as well as medical supplies!
No harm done - EBO's been a great investment for a long time.
:)
Very strong today, looks like all time high, something up?
Blackhawk is quite a big seller - not the most expensive brand, but certainly not the premium ingredients they make out it to be. They say made with "real meat" but is just meat & bone meal. I'm quite hot on this, as I think is complete BS - as for instance lamb meat & bone meal is rendered guts, bone, head, wool, skulls, brains and other waste.
Some vets are conflicted/have some sort of deal or incentivised by some of the big multi-national manufacturers - eg Royal Canin, Purina, Iams etc.
it was a good presentation they published today
that compound 4 year shareholder return is just awesome at 23.8%
and ...
Attachment 10855
hopefully todays touting will boost Australian interest - there is virtually no trading on the ASX listing that I can see. I'm not at all sure why this should be so - it now reports in AUD, has 75% of its business there...
???
Down nearly 8% atp:scared:
GENERAL: EBO: Sybos partial sell-down
This will change the slope of the uptrend a bit.
But so far the day is of little concern, or no concern at all if it closes at $23.10 or higher, according to the Panthera Pricing Paradigm.
It will recover! That's typical when there is a large placement. The shares were sold at a significant discount (10%) but usually the price rebounds in a matter of weeks. There is nothing wrong with the fundamentals of EBOS
http://nzx-prod-s7fsd7f98s.s3-websit...525/312135.pdf
I'm sure given Sybos received the shares as part of the sale of Symbion that they simply saw an opportunity to cash in gains and reinvest elsewhere to diversify.
I see this as a good buying opportunity for those who are interested in getting more. Personally, I see more attractive prospects elsewhere, but these are probably good for people looking for income woof a little growth.
I agree Tango
I have bought back some I stupidly sold at 2450
I think the lesson is never to sell great companies , even at what seems like a high price , as long as you are not stretched or leveraged uncomfortably you should just bottom drawer them
I remember putting people into MFT at $23 and being a bit dicey about it at that price at the time but yeh look now.
IMO as long as you have some cash holdings etc to ride out any storms there are a few companies that should only be reviewed once a year to see if the story is still true. (Im still learning this hahah)
Agree, our estate averaged in at $6.86. Unfort our advisor didnt offer us any in the placement as he thought our weighting was now high enough, having never sold any:glare:
The underwritten price is NZD22.50. Will be good buying at that price if it gets there.
Thanks Mac was just about to ask.
Results out:
All good.
'nuf said :cool:
Based on the result today ... I've decided to get a few more. Pricey, but 'think' that will continue doing well.
No specifics in terms of full year earnings forecast but “the Group is confident of a significant increase in earnings in the current financial year." is a pretty bullish outlook
Share price over $30 by Xmas
I was wondering who knew something when the share price had a bad day yesterday. So todays enthusiasm is really only undoing that.
All good though, I'm loaded. (or well positioned)
I am not really enjoying reading the figures in $A though. I guess its not hard but bugs me.
But look at this
Attachment 11045
Yes, an excellent result and a positive outlook at a time when many other companies are facing difficult times. Particularly pleasing that the wholesale pharmacy operations are proving to be a success - I was sceptical that this would be the case. Delighted to be proved wrong!
Very nice result. Very comforting in this stressful time. Been fighting the urge to sell shares and Two good results (EBOS and Spark) has settled the nerves
Ebos is worth holding and has consistently performed. This result is comforting! My divi yield based on purchase price with this one is over 16% pa. and the paper capital gain is well over a million dollars. I once sold POT because I thought it was overpriced but ended buying back in at a higher price. That taught me something and I've resisted the odd impulse to sell EBO. With EBO I do turn the DRIP on and off based on short term considerations.
I sold some 6 months ago . A mistake will buy back in slowly.
Well done with the PAZ, percy. But I bet you wish you'd kept a few EBO. (Early Bros. and all that!)
;)
I like this result a lot, I see that the cash position of the company is 66% higher than it was at June 2019 which to me points to more acquisitions. The medical device sector has good margins and will continue to grow, the last two have been in this field and I trust EBO to find ROI positive companies to acquire.
I wont buying any more shares but its not a bad valuation. If the FY result comes in at a similar rate of increase it gives about $1.01 in EPS and a forward PE of about 23. I will continue to hold, but I'd be tempted if this came down.
A 'little' fire under the share price!