This stock is going nuts......$13.40 today:ohmy:
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This stock is going nuts......$13.40 today:ohmy:
And it makes me increasingly nervous about earnings in the short term, especially if predictions of a lower AUD come to pass. Translation of Aussie profits to NZD won't be great - unless of course the NZD depreciates with the Aussie!
http://www.clime.com.au/blog/austral...eid=9f402457b0
I can't comment as I am suffering a lovely case of "Stunned Rabbit Syndrome." lol.
........approaching sell territory?
I am attending the agm on the 27th October.
It will be interesting to hear The Chairman's and The CEO's presentations.Maybe the reasons for the big share rise will be given?
The biggest mistake I have made on the share market is selling down some Ebos shares.Has cost me a great deal,rebuilding to a "comfortable" holding.I have said to myself,don't make the same mistake again.!!!!!!!!!!!!!!
The SP has certainly risen extremely sharply in a relatively short period of time on absolutely no relevant news.
Unless there are rumours of another acquisition or a major contract being worn - I certainly haven't been privy to any - then I suspect a correction is in order, and I will be lurking at bottom with my finger on the buy button.
Yes. I feel like I am enjoying the climb I had again with HNZ to $1.40ish....only to endure the slide to ~$1.10
Thinking of selling what I have...and then "lurking at bottom with my finger on the buy button" for a while.
Not sure....dithering....have the Aussies woken up to EBOS ? Is their interest what has driven the price up ?
Not according to yesterday's Aussie trading. No EBO sales, as far as I could tell.Quote:
....have the Aussies woken up to EBOS ? Is their interest what has driven the price up ?
As at 31st July Sybos holdings [Zuellig] held 60,275,458 shares or 40%.On the 12th October they held the same number.
on 25th September JP Morgan Nominees Australia held 109,901 and increased their holding to 565,452 shares as at the 12th October.
On 25th September National Nominees Ltd [take that as Aussie] held 72,180 and increased their holding to 396,507 as at the 12th October..
As the seller is hidden in NZ Central Securities Depository, it is impossible for me to work out who it is.
However we are starting to see buying interest from Aussie.
Ebos finished today at $13.74 on $3.5mil worth of shares traded in NZ.Rising share price on large volumes.[for EBO].
I note 174,000 shares were traded in Aussie,although I expect the 100,000 at a$12.78887 had s3xt after them,so I expect they came from NZ.
$14! how about that!
Absolutely Stunning.!!
Just when you think it can go no higher...
...it does.
There is significant volume behind this as well.
$100 here we come :p
Best Wishes
Paper Tiger
Presentation from yesterday's Annual Meeting.
http://www.asx.com.au/asxpdf/2015102...cv5l0x628t.pdf
Ebos, like rust, never sleeps with further potential acquisitions on the radar!
Could be announced.very very soon according to mark on radio this morning - the acquisition that is
I did ask CEO Patrick Davies whether the share price was being driven by Aussie instos."No,not just Aussie intos,but NZ intos as well."
This year's annual report [result] meant they had a comparable year to compare the result with,as last year they did not.
He was very pleased to get the NSW hospital medical consumables warehouse and distribution contract.Maybe other states will follow.
Sorry to see Rick Chtistie retire.Ebos has had huge growth during his watch.
With a very strong board,excellent management and being in a growing sector I think the outlook remains positive.
Congrats Percy and long termers for sitting in on this one and ignoring the "noise" and doing your research and sticking with your belief.
No business is perfect.All businesses have challenges,ups and downs.Some things work out, while others don't.Ebos has lost good agencies,faced changing government regulations,alterations to supply chains,yet all the time the quality and dedication of the board,management and staff, have known where they want the company to be,and have always aimed for that spot.Their moat is the way they do things.It was not too many years ago Mark Waller told the agm Ebos were wasting their time in Aussie,either they had to buy something big,or withdraw from Aussie.An extraordinary statement to tell shareholders.! But then they went ahead with the huge Symbion acquisition.
Yes always a lot of "noise",but I think experience helps as tell the great companies from the not so good companies.I good company can have a bad year,while a bad company can good year.
Ebos is a great company.
These are like POT . Great Company and if they drop buy them . Added some after AGM at 13.93.
Was not me.!!! lol.
Interesting noting it was companies controlled by directors Peter Kraus and Barry Wallace,who sold the 5mil shares.
Kraus was the original controlling director, having brought EBO off Brierley Investments.
Kraus stood for re-election,and was successful on Tuesday.Never says much, but has had a huge influence on Ebos's success.
Maybe this will be their last terms as directors.
All a long time ago.
Peter Kraus took control in about 1991,and has supported the company since them.He took the bold step of rewarding Mark Waller on results.
I think I brought in about 1992/93, when the market cap was under $3mil.The first agm I attend was held in their boardroom, had the board and either 10 or 12 shareholders present.At the end of the meeting I remember a serving hatch opened up, and the then chairman Jamie Maddren, poked his head through it, and asked "who would like a cup of tea".?
I think Barry Wallace was a neighbour of Peter Kraus's and he joined the board in 2001.
I had a "fair" holding in EBO, and over the years sold down.A couple of years I decided I wanted a "fair" holding again, and used profits from successful Aussie specs to do so.At present time I have no intention of selling any EBO shares.
As well as Kraus and Wallace,the rest of the board is very impressive,with Sarah Ottrey,Elizabeth Coutts,Stuart Mcgregor and live wire Peter Williams ,all now being led by new chairman Mark Waller.
I did spend time talking to Peter Williams and Patrick Davies after the meeting.Both are very interesting people,and their enthusiasm is infectious.!
Great story percy. Like
Don't encourage me.!!
Background,Former Canterbury Cricket captain Maurice Ryan was a director/manager with Ebos.He was friends with ChCh's one and only hard case investor Ian Urquhart.Ian was very furgal,possibly extremely frugal.Rode a bike and took his own sandwiches to work.Always wore Jandals.Director Jamie Maddren drove a nice Jag while CEO Mark Waller drove a Porsche.
Well one of the resolutions was for an increase in directors' fees.When Ian stood up to talk we knew we were in for fun.First of all Ian spoke that he had shares in a number of other companies [first laugh as Ian had shares in a great number of companies],said all the directors it those companies earnt a lot less than the Ebos directors,and noting the directors did not drive Cortinas [second laugh]he thought what they were paid a present was good enough.
After the meeting there was a lively discussion between Maurice Ryan and Ian [great friendsMaurice actually got Ian to invest in EBO]as to whether Ian had brought the shoes he was wearing from the Salvation Army,or had he dived into one of those clothing bins and helped himself.I seem to remember every one had an opinion and joined in the discussion.
Ian was a wonderful investor.I rang him one time,because I was unsure of something about EBO,and he spent a lot of time explaining and helping me.He certainly added a wealth of colour to any agm.
There was the all-time closing high of $14 on 21-Oct and then we hit a low of $13.55 on 29-Oct and since then the price has been creeping back up and, importantly, the volume is strong.
Now I was expecting all this to be a bit of a one, then two, month wonder and was hoping to add a few more thousand shares to the portfolio, but it ain't coming down.
I think it is a good company - but at this price?
What am I missing?
Best Wishes
Paper Tiger
PS: You will understand that my feelings with regard to the high share price are somewhat mixed.
I love it.
My $20 target price just needs another two years of 20% SP growth.
And I am holding myself [and all my EBO shares] at the ready.
You could say "I am very well positioned."
Acquiring Red Seal for $80m and the good old EPS accretive trick as well (if funding from debt you would hope so eh)
At this rate you never know Blackmores might be the next big target
Then Ebos a $1,000 share
Although it is only a small acquisition at $80mil it is a splendid fit for Ebos,giving them ownership of an excellent brand in Red Seal.
Ebos's logistics, distribution and marketing expertise will see Ebos develope Red Seal, so it reaches its full potential.Being in the health supplement field the margins should be good.
Interesting..... the Hilkes (previous owners of red seal) have done well out of this.
One of Red Seals largest SKUs is jars of molasses - exported to China...
Little piece from stuff.co.nz.
Maybe they should buy Comvita next ?
Best Wishes
Paper Tiger
Comvita would make a good strategic purchase.
As long as they maintain a core business whose products are based on scientifically validated empirical evidence. I'd hate for them to acquire a homeopathy business, even though the margins are exceptionally large!
How about Vitaco - VIT?
Health foods and sports supplements manufacturer/distributor, MV $417m.
Besides, I hold a few!
:cool:
Duplicated post.
Did EBOS indicate that their plans for 2016 is to acquire more businesses at the AGM? They say 80mil for Red Seal is a small acquisition which would suggest there's something bigger in the pipeline....
CVT would be awesome :)
Yes,as they have done so at every agm that I can remember.!! They are usually, at any point in time, looking at 2 or 3 suitable acqusitions.The board is made up of extremely talented, enthusiastic people, whose energy will keep this business well fired up.
Should they do another"big one" they know, if it is any good, shareholders will support a capital raise.When they had surplus capital a few years ago they made a capital return to shareholders.
CVT,GXH, TIL,PAZ [unlisted] would all fit.In Aussie there are a very large number of suitable candidates.
I am now more interested in when will it become the first stock on the NZX to breech $100.
Given the closing low of $9.29 on 11-May this year and todays $14.07 then we should be there on 2nd May 2018.
Mind you it may pick up speed and get there early.
Best Wishes
Paper Tiger
PS: Enjoying it while it lasts.
I've become somewhat uncomfortable with the sudden rise in SP, especially on the back of what has been a relatively minor acquisition. Time for me to crunch some numbers.....
Deloitte Top 200;
Company of the year;
EBOS.
And I agree with them.
Well done Ebos you certainly earnt it.
Absolutely stunning history of achievement.
And yes the future looks even more exciting.!!
Problem?
We appear to have run out of sellers.
Last sale $14.37.
Buyer at $14.37.
No sellers.!
Sort of problem I just love.!!! .lol.
EBO is my biggest NZ holding .......and I'm worried.
"A bull market climbs a wall of worry."
;)
Thought I was late to the party buying mid-year - only dug deep enough to see the remaining value thanks to Percy's sage comments - much appreciated :)
Report today that Ebos are going for Greencross
Makes sense
I remember Percy calling that one a few posts ago......
greencross has issues with its goodwill imo... anyway...
Any more news on GreenX? I know there's nothing announced but any external articles flying around?
Corporate activity around Greencross.
http://www.asx.com.au/asxpdf/2016021...clrfqyjh1c.pdf
Cracker,Stunning,Incredible interim result.
Well done EBO, you have done it again.!
But wait,there's more;
Outlook more of the same.!!!
.....I just nod my head in approval. Sweet!
Loving this stock....... biggest holding as of last year:)
The stock that just keeps on giving... Another stellar result, hopefully they can keep on adding value brands to the portfolio (at the right price obviously).
My only disappointment is that this company is my smallest holding..
Great result, I was getting nervous a few weeks ago and thought of selling down, glad I didn't, $15 beckons now.
Interesting to compare the EBO performance with SUM, which released its full year results today.
EBO half year NPAT up 19% REV up 8%
SUM full year NPAT up 56% SALES up 26%
EBO SP has risen 43% over the last 12 months; SUM SP has risen 17%
Is EBO operating in a beloved industry sector; SUM in a currently unloved sector?
More like SUM had 10+ years of double digit EPS growth priced in and EBO didn't.
Yes a STUNNER.!!!!
Listening to the webcast a question came in that stated nothing further was required by EBO in the second half to achieve their double digit constant profit FX for 2016. This was quickly dismissed by Patrick Davies who assured the questioner that they weren't going to do nothing and a similar result to the first half would be produced.
The person that asked that question is on the money. I can't remember where he was from. That would be an outstanding result for FY 2016.
EBO wonderful wonderful business!
So first share to break $100 back on then :)
Best Wishes
Paper Tiger
This investment has been so good to me:-)
On page 19 of yesterday's result presentation there was a very interesting photograph.
It shows a conveyor belt with customer orders on it.
If you look carefully you will notice each side of the conveyor belt are cigarette vending machine type of machines.
As the conveyor belt passes along product is dispensed as required by each order..
Watching a video of it a couple of years ago I was reminded of a video of the fully automated VW factory.
This is how Ebos can sort thousands of orders a day.[between 5,000 and 10,000 from memory].
I think the whole warehouse set up is about $30mil .
I see Morningstar have jacked up their valuation to $14.50.
.....looks under fair value to me.
possibly time for a share split ?
SP seems to be tracking along nicely....
May we wish the buyers at $16.00 a warm welcome, and trust they have a successful day.!
They are certainly making my day most enjoyable.!
Took some profits today, think it's just crazy money now with small parcels in the 16's. I'm sure I will regret it tomorrow when it goes up even further lol
This has been a small % of my portfolio , have doubled up today so LAC I might have some of yours , "buy the highs "
No need for a share split. Up 40c to $16.40 today!
:cool:
A headline in today's AFR - behind the paywall - caught my attention:
"Sigma eyes $2.5b hospital pharmacy market."
- Is anyone able to access this article?
- Is this a threat to EBO's Symbion business?
NZ market either is unaware or doesn't think so with the SP up 45c today.
Here is a link from SMH to what s probably the same story
http://www.smh.com.au/business/sigma...22-gnp446.html
Thanks, Poet.
From the article:
"That market is crying out for a competitor. It is dominated by Symbion."
Looks like Symbion/Ebos had better be on their game!
Yes...they had better be. Hopefully the market is big enough for two companies to do well. Ebos is also diversified into other markets. From SIP's 2014 Annual Review re their Managing Director:
"From 2006 to 2008 he was the CFO and COO for the Pharmacy and Consumer business for Symbion Health Limited. Prior to that Me Hooper was CFO of Sigma from 2001 to 2006 ". So he knows us well !
interested in adding another share to my portfolio, this share has done so well, is this share now to expensive
Time will tell .....
I bought at 905 and 845 in 2014. Sold recently at 13.53 as I thought they were getting expensive...wrong ! Bought back at 13.54 and am happy I did so. I've not bought POT, FPH and others because they seemed expensive and lowish dividend. Wrong again. Sometimes you need to pay a little more to get a quality (hopefully) stock.
Good luck
RTM
EBO's been a great investment for us for a long time, percy but a rise of nearly 30% in less than two months makes me nervous!
Yes, the NZX is on a roll, largely as a result of lower interest rates and "experts" starting to discover and talk about the merits of equities and dividends for income. But EBO isn't exactly an income stock so either it's being caught up in the general mood or there's some other reason. Any ideas - or is it just that EBO is a great stock?
:)