More like SUM had 10+ years of double digit EPS growth priced in and EBO didn't.
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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 .