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  1. #1
    Membro gonzo56's Avatar
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    Question GXH - Green Cross Health (formerly PHB - Pharmacybrands)

    LPL has been doing nothing but going down, down, down.
    Now changed their name to PHB (I'm not sure if the takeover is fully complete) the volume has increased.

    What do you guys reckon about jumping on the band wagon? I know it's risky so I would'nt get more than $1,500, but I think it has potential.
    Also, owning 4 brands has got to be good right?
    Last edited by STMOD; 27-05-2014 at 09:32 PM. Reason: Company Name Change

  2. #2
    Reincarnated Panthera Snow Leopard's Avatar
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    Thumbs down Your call

    i would not touch this share primarily because it appears to be very lightly traded and with a large difference between buy and sells (currently 28 / 35). Difficult to get in at a reasonable price, could be very costly to get out.

    Even ignoring that I fail to see why owning 4 brands provides a compelling buy .

    regards
    Paper Tiger
    Last edited by Snow Leopard; 04-04-2010 at 08:14 AM. Reason: too numerous to mention
    om mani peme hum

  3. #3
    percy
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    Also, owning 4 brands has got to be good right?[/QUOTE]

    I think Coca Cola has only bothered with one brand.

  4. #4
    Membro gonzo56's Avatar
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    Haha, I get your point about the brands, I just figured PHB exemplified a monopoly situation..
    OK, thanks for your feedback PT.
    I'll just add it to my NZX.com portfolio to track for a while.

  5. #5
    Membro gonzo56's Avatar
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    Oh, and buy the way, The Coca Cola Company has "a portfolio of more than 3,000 beverages"
    http://www.thecoca-colacompany.com/b...brandlist.html

  6. #6
    percy
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    Quote Originally Posted by gonzo56 View Post
    Oh, and buy the way, The Coca Cola Company has "a portfolio of more than 3,000 beverages"
    http://www.thecoca-colacompany.com/b...brandlist.html
    PHB only need to add 2996 brands !!!!Could be interesting!!!

  7. #7
    Membro gonzo56's Avatar
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    Haha, "hold on to your hats!"

  8. #8
    percy
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    Quote Originally Posted by gonzo56 View Post
    Haha, "hold on to your hats!"
    I tried looking up shareholders and could not find it.If this company has Andrew Bagnell as major shareholder you may be in for a fast ride as he is very astute.

  9. #9
    Membro gonzo56's Avatar
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    "Following the completion of the proposed merger, the new Board will consist of Andrew Bagnall, John Bolland, Andrew Davidson, Peter Merton, Bill Meaney, Ian Sharpe and Mark Vuksich."
    www.voxy.co.nz/business/life-pharmacy-takeover-offer-pharmacybrands-shares-goes-unconditional/5/23428
    Last edited by gonzo56; 05-04-2010 at 02:20 PM.

  10. #10
    percy
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    Quote Originally Posted by gonzo56 View Post
    "Following the completion of the proposed merger, the new Board will consist of Andrew Bagnall, John Bolland, Andrew Davidson, Peter Merton, Bill Meaney, Ian Sharpe and Mark Vuksich."
    www.voxy.co.nz/business/life-pharmacy-takeover-offer-pharmacybrands-shares-goes-unconditional/5/23428
    gonzo56.Peter Merton I know of through my shareholding in Ebos.Another very astute businessman.I have been to Life Pharmancy website and I think Merton and Bagnell end up with large shareholdings.I think you would do well following these two.I think there are 99.96mil shares on issue.with a share price of 35cents market cap is 34.99mil.I can not not find turnover or profit figures to work out PE ratio or any other figures.,so the $1500 you are looking to spend is still buying you a "Pig in Poke" Pretty interesting one though with two very astute bussiness men with a lot of flesh in the game. Go for it!!!!!

  11. #11
    percy
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    You may find the market cap of other retailers of interest.we must remember retail is very difficult at present.
    Briscoes $275.8 mil,
    Hallensteins $488 mil,
    Kathmandu $488 mil,
    Michael Hill $271.6 mil,
    Postie Plus $14.4 mil,
    Pumpkin Patch $363.7 mil
    Smiths City $16.95 mil,
    Kirkcaldies $26.41

  12. #12
    CEO Butch Analytics Ltd winner69's Avatar
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    Percy .... this is relevant from their half year to Sept announcement last November -

    The Directors note that, had the acquisition occurred on 1 April 2009 the estimated consolidated revenue of the combined organisation would have been $10,500,000, and a consolidated profit of $1,352,000 prior to abnormal costs by both companies associated with the merger of $3,456,000.

    257 outlets in NZ is quite a few. They have part ownership of 29, Assume most the companies revneues come from franchise fees

  13. #13
    Membro gonzo56's Avatar
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    Only part ownership of 29!
    ...
    PE: 8.6. I can see the market cap stretching it legs.
    mmm and EBOS has done well.. Exciting stuff, but I think i'll let the pig in the poke breath for a while before I go for it. (I dont know if I can be so brash)
    Thanks Percy btw, I appreciate it.

  14. #14
    percy
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    gonzo56
    This is what I like about sharetrader,people like you bringing a share to our notice.Then we have to do some research.With good posters like winner69 we all find out a lot.Peter Merton
    Built PRNZ .I think he had 49% with Zuellig group 51%.Merton is on Ebos board and he and Zuellig are large ebos shareholders.The ebos people speak very highly of him.I will like you will be watching with interest.
    Last edited by percy; 05-04-2010 at 06:37 PM.

  15. #15
    CEO Butch Analytics Ltd winner69's Avatar
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    Bagnall's main shareholding interest I believe is as a trustee but being on the board is a postive.

  16. #16
    percy
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    Quote Originally Posted by winner69 View Post
    Bagnall's main shareholding interest I believe is as a trustee but being on the board is a postive.
    Sorry I am getting a bit confused.Some where I think I read Bagnall and Merton,s holding was in a joint venture.I would expect he would be a trustee for say A Bagnall family trust.
    I am sure he has skin in the game.I have found researching hard as company announcements and website have got me a bit mixed up.I look forward to annual report to help me out.
    You are seeing it more clearly than me,sorry.

  17. #17
    CEO Butch Analytics Ltd winner69's Avatar
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    You might be right here Percy .... digging a bit deeper I think Bagnall has real money invested in the merged entity through his previous interests in Life ... it all does seem pretty complicated eh

  18. #18
    CEO Butch Analytics Ltd winner69's Avatar
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    I think you need to take that reported PE of 8.63 with a grain of salt as prob based on LGL reported financials which have no semblence to the merged entity

    A PE of 8.63 implies NPAT of more than $4 million which seems a bit far fetched at this stage .... even with the synergies of $2m which might come through

    Will be interesting to see how all this pans out

  19. #19
    percy
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    I just doubled the six months profit to give 12 month profit of $2.7mil and with 99.96mil shares EPS .027 with share price of 35cents PE of 12.9 which I expect is too high.We will have to see earnings growth rate to make a better judgement on share price.That said, I cannot help but feel Merton and Bagnall are well worth watching.$34.99 mil would buy you Smiths City and Postie Plus with $3.64mil left over.I do not think we should go "rashers" on the "pig in poke" just yet!!!

  20. #20
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    Quote Originally Posted by gonzo56 View Post
    LPL has been doing nothing but going down, down, down.
    Now changed their name to PHB (I'm not sure if the takeover is fully complete) the volume has increased.

    What do you guys reckon about jumping on the band wagon? I know it's risky so I would'nt get more than $1,500, but I think it has potential.
    Also, owning 4 brands has got to be good right?
    I was in Blenheim last week and called into 'The Warehouse'. There was a distinct section set aside as a pharmacy. The product selection look really comprehensive and the pricing sharp. It looked like you could even get your perscriptions dispensed there (?) I hadn't seen another Warehouse done up like this before. A threat to PHB?

    SNOOPY
    Industry shorthand sees BNZ employees still called 'bankers' but ANZ employees now called 'anchors'. Westpac has opted out of banking industry shorthand...

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