Yesterday EBO became the largest constituent of my NZX investment portfolio, swapping places with SCL.
Today EBO achieved 'seriously-overweight' status in the same portfolio.
As has been mentioned whilst we are told that it is $1B of new revenue from 2019 onwards we do not know the increase in profit that will come along that.
Looking back at prior years accounts and extrapolating I would hope that the absolute minimum addition to the NPAT is $17.5M and would expect a few dollars more.
But this is all a year or two away.
Meanwhile I have been told that in a former life that percy and I had a competition as to when the $20 level would be reached/breached.
I have no recollection of this but I am sure that I would have picked the 3rd July 2018.
So next stop for the share price is a retreat to $19.50 to fill that gap and then $100 here we come.
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