Yes, EBOS shares are like tonsils and should only be removed if absolutely necessary.
Will definitely be the first $100 stock on the NZX.
Best Wishes
Paper Tiger
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No I sold 60% of my holding.Have retained 40%.[free ones]
Held on for the wrong reason, sentiment.
I sold as at the agm they spoke of 7% growth and the PE was well over 20.
I note the presentation at UBS confernce they altered that to between 7% to 10% growth.
The current PE is 19.29,which I feel is still too high compared to the growth rate.
I have brought two other shares, TNR and EVO, where I see their growth rates being higher than their PEs..Higher dividend yields are also attractive.
Ebos seen to be getting lots of new products sold through supermarkets, which is good to see. I think more good things to come, of course no way they can get the gains of this past year, bit still not a bad stock IMO.
EVO might not be the best choice, given the way the industry presents competition. TNR should be a winner at the right price, at least for a cyclical purchase.
Craigs initiated research this week on EVO.Comments such as "strong growth" with 12.6% eps growth this coming year and 12.8% eps growth next year.meaning a PE of 10.6 this year and 9.4 next year.Gross dividend yields of 6.5% and 7.4%.Their target price of $1.33 is a little lower than Forbar's earlier research.I paid 95cents,so am "well positioned."..lol.
TNR.I posted on TNR thread I saw eps of 35 cents in year 2018,and I would be happy with a PE of between 12 and 18 which would translate to a sp of between $4.20 and $6.30 compared to current sp of $3.50,but I think a PE of 15 would be about right, which gives a sp of $5.25.
Back to EBO.I would expect another very large acquisition within the next year or two.I still think they are an outstanding company.Have been a very happy holder for over 25 years.
Time to rebuild that EBO holding, percy? Shareprice up 2.7% today. I move a lot slower - so never sold any!
;)
Following your posts over the years,I think you move at the right speed.!!!
Fast is not always right in the long term.
In the very short term EBO is down 3.6% from the price I sold, while EVO are up 12.6% with a divie to come,and TNR are up 9.8% and I have received a small divie as well.
In real terms I have gone from a rather overweight position in EBO to an about right position.?
Being well overweight in a good company has always been very rewarding??!!
Still extremely overweight in HBL.But that's another stoey.!..lol.
Perhaps never known was that the rubber stamping of the Symbion/Ebos deal at that time, had the nod of a 96 year old.
Sadly Dr Zuellig has passed away at the age of 99 - still very hands on - not dissimilar to Charles Luney in NZ.
http://development.aim.edu/about-the-zuellig-school