Phardrus.thank you for the chart.I did not realise the SP had moved so close to the 200 day MA awhile ago.Over the years I have noticed there are periods of SP weakness for no apparant reason.I guess is it can be very thinly traded at times.
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Phardrus.thank you for the chart.I did not realise the SP had moved so close to the 200 day MA awhile ago.Over the years I have noticed there are periods of SP weakness for no apparant reason.I guess is it can be very thinly traded at times.
Intriguing thought, LEW, but I don't think so.
Two reasons spring to mind.
First, the sheer size difference with EBO's M/Cap at around NZD340m versus SIP at AUD530m.
Secondly, I doubt whether SIP's remaining business would generate sufficiently high profit margins to attract EBO.
It would be a huge leap for EBO, not clearly enough within their area of expertise I wouldn't think. Unlikely that they would change their strategy so abruptly after decades of gradual accretive growth.
A nice, quiet achiever, this one.
EBO up to $6.90 today.
I hold.
The AGM this afternoon was a very positive meeting.The special divie was a nice surprise.Mark Waller spoke of how small they are in Aussie and the growth prospects there.I think the chairman said watch this space.I will.They are very proud of their record .$1000 invested in 2000 now woth $5000.Have been doing some very good business in Fiji.Will be opening an office in Perth early next year.The Directors were looking to speak to shareholders which I take as a good sign.
Good to hear from the company that they have managed to keep operating through the Christchurch disaster, distributing essential hospital supplies etc.
EBO has been one of my bigger NZ holdings - and better performers - for longer than I care to remember. Better known as Early Bros in the "early" years, I was aware that their head office was originally in Cashel Street, one of the hardest hit parts of the city. Reassuring to be reminded that operations are now centred out of the CBD.
Their head office is a new building next door and overlooks Addington Raceway.I am not sure where the distribution centre in CH CH is.After the last quake they switched to their back up systems which I think are in Auckland.EBO largest footprint is in Auckland.Mark Waller spoke at length at the AGM about the importance of EBO to NZ's medical supply systems,and that they had backups for everything.
........And EBO have now announced increased turnover and NPAT for the half year.
All staff in ChCh are safe and the company can ensure continuity of supplies to the region.
was lucky to get some of the recent placement @$7.05 some big shareholders and a director selling down( a million or two). Hope this is not an ominous sign for the performance ahead.
Well todays result was another cracker.EPS up from 39.5cents to 45.4. And wait there's more;a nice 18cents per share divie..
It's been interesting, MHI, SKL and now EBO have all produced good results and their share prices have done nothing. Maybe EBO's down trend will reverse with this good result.
Yes, a good result.
The market's pre-occupied with events elsewhere just now, leaving some tempting buys around for those with spare funds!
EBO on the search for more acquisitions.
http://www.stuff.co.nz/business/5516...0m-acquisition
AGM this afternoon was well attended.Mark Waller [MD] spoke at length about EBO's position in NZ health market.Working with the govt and Pharmac to see health money is best spent.He felt too much is being wasted in non health staff wages,and should be spent in front line staff.Should only be 4 DHBs instead of the 16 or was it 18 we have at present.Huge amount of duplication.He thought Pharmac was doing a great job reducing the cost of pharmacies.One product in Aussie was $1.21 while Pharmac had got the price down to 8 cents.Those sort of savings make the health dollar go a lot further.Ageing populations world wide going to cause govts big problems. Have the cash for a large acquisition.Working on something at present.Nearly spent $80mil on a British manufacturer.Got a long way down the road,then woke up UK was to far away and had too many problems.[thank god they woke up]
Felt Aussie health may move more to NZ model over the next few years.With lots of changes/challenges coming up over the next few years Waller felt there would be plenty of opportunities for EBO.He said major multie nationals with leave Aussie as it is too expensive to manufacture there.This will add opportunities for EBO.
ChCh earthquakes have proved all EBO back up systems worked.
Was impressed by Waller thanking all warehouse staff who lost their homes coming to work to get EBO products out.
EBO even supplied a competitors orders to their customers.!!!!
Thanks for the update Percy. How do you see this company going forward, obviously looking to buy something. Great dividend growth over the last 10 years