Ebos Limited EBO

[percy]

EBOS has requested a trading halt in light of media speculation regarding EBO and its potential interest in Greencross.

I take that as Greencross Vets in Australia,not Green Cross Health in NZ.

[Sideshow Bob]

Yep - Greencross Pet Wellness

https://www.nzx.com/announcements/421812

[kiora]

Owned by ?
"TPG Capital
The company is wholly owned by TPG Capital, an American investment company"

Do they really know what they're getting into?

[percy]

Owned by ?
"TPG Capital
The company is wholly owned by TPG Capital, an American investment company"

Do they really know what they're getting into?

Ebos and Greencross each own half of Animates.
From Ebos annual report page 79.
Animates NZ Holdings Limited Animal Care December 2011 50% 17,353

The reporting date for Animates NZ Holdings Limited is 30 June. Animates NZ Holdings Limited is incorporated in New Zealand.
Although the company holds 50% of the shares and voting power in Animates NZ Holdings Limited, this entity is not deemed to be
a subsidiary as the other 50% is held by a single shareholder, therefore EBOS is unable to exercise control over this entity

[Sideshow Bob]

Got its own Wiki page

https://en.wikipedia.org/wiki/Greencross

[bull....]

australian saying there lining up a capital raise for aquisition

[winner69]

Ebos had no problem raising $840m capital for Life Healthcare.

Small discount at $34.50

And share price headed up to $45 odd

Will need a decent cap raise for this acquisition

Maybe at $36.50 this time. Even Sybil's will probably take part

And the share price wil head back to $45/$50 when it's plain to see the profits coming through as expected

All good stuff eh

[winner69]

Good thing acquiring another petcare business is that petcare margins are a lot higher than health

H123 showed petcare ebitda margin ~17% v healthcare ~4%

More petcare will help overall group margin …good stuff

[winner69]

In 2011 after Ebos forked out $109m and acquired Masterpet as a means of expanding beyond healthcare many market watchers said what 'surely not ..."what the heck, pet food of all things" reaction was that Masterpet seemed to hold the shareprice back before punters realised it was a pretty good deal.

The Masterpet CEO was quoted at the time " Ebos is a great fit for our staff, our customers and our suppliers.

Together we share many of the core competencies required to be successful in a market focused on health professionals, whether that's pets or people, doctors or veterinarians."

And the rest is history

Animalcare revenues now are A$560m and A$100m ebitda and the to be acquisition is a big step change on this

[winner69]

Greencross was a Sharetrader favourite once but ended up as a dog

PE probably sorted them out and now a great company

The old Sharetrader Greencross thread

https://www.sharetrader.co.nz/showth...45#post1029945