sharetrader
Page 20 of 54 FirstFirst ... 1016171819202122232430 ... LastLast
Results 191 to 200 of 535
  1. #191
    Senior Member hardt's Avatar
    Join Date
    Apr 2017
    Location
    In a bubble
    Posts
    726

    Default

    CW are taking larger and larger bites out of GXH's pharmacy business.

    GXH need to focus less on operating standalone pharmacy's and more on the centres performance... Medical is going well.

    Not a holder
    Last edited by hardt; 27-11-2018 at 08:19 AM.

  2. #192
    Member
    Join Date
    Jul 2017
    Posts
    313

    Default

    Quote Originally Posted by hardt View Post
    CW are taking larger and larger bites out of GXH's pharmacy business.

    GXH need to focus less on operating standalone pharmacy's and more on the centres performance... Medical is going well.

    Not a holder
    Yikes! This is an awful result. That operating cash flow could be bringing in warning bells to go from 17m to 8.7m in just one year. It makes you wonder because pharmacy is so big and medical/community health really doesn't contribute that much right now

    I'm not sure what they can do on the pharmacy side given the fact Chemist Warehouse want to expand like crazy. I went into the one in St.Lukes and the price differences are night at day on most things, so driving there to pick up a few things is actually worth it. Either way, GXH loses if they keep dropping their margins or keep margins the same imo because the market is so small.

    Disc: Not a holder

  3. #193
    Senior Member
    Join Date
    Sep 2013
    Posts
    525

    Default

    Relative who's worked in pharmacies for years says losing custom to CW, despite being a 20 minute drive away
    Last edited by DarkHorse; 29-11-2018 at 08:37 PM.

  4. #194
    Advanced Member
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,468

  5. #195
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Wow - SP at $1.14 more than 60% down compared to its peak value of $2.90 in May 2016 - and basically a textbook downwards slope since then.

    GXH.jpg

    Average (backward) PE is now 11.3 - still not really cheap, particularly considering that we might move into PE contraction territory.

    On the other hand - for the right competitor they might move into takeover territory. At what time are they cheap enough for a clued up overseas competitor to just buy the lot for a song and show the NZ healthcare system how efficient pharmacies could be operated?

    Assuming they won't run NZ largest pharmacy chain (with some other health ad - ons) into the ground - where is the bottom PE? At 10? At 5? And will these margins continue to shrink given that any newcomer will be cheaper and better. Hard not to.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  6. #196
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    You going to have a punt then BlackPeter
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #197
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by BlackPeter View Post
    Wow - SP at $1.14 more than 60% down compared to its peak value of $2.90 in May 2016 - and basically a textbook downwards slope since then.

    GXH.jpg

    Average (backward) PE is now 11.3 - still not really cheap, particularly considering that we might move into PE contraction territory.

    On the other hand - for the right competitor they might move into takeover territory. At what time are they cheap enough for a clued up overseas competitor to just buy the lot for a song and show the NZ healthcare system how efficient pharmacies could be operated?

    Assuming they won't run NZ largest pharmacy chain (with some other health ad - ons) into the ground - where is the bottom PE? At 10? At 5? And will these margins continue to shrink given that any newcomer will be cheaper and better. Hard not to.
    You need to research the largest shareholder.[controlling interest].
    It is a joint venture between Andrew Bagnell and Peter Merton,who look to have premptive rights on each other's shareholding.
    Then you have to research who Peter Merton holds for.Himself or Zuelig?
    Then look at what company Zuelig holds 40% of.
    If you find it is Ebos then you are on the right track.
    At this point in time you would most probably be right to think EBO already controls GXH,as well as being their major supplier.
    My guess if Andrew Bagnell ever wants out, then EBO will take it over.
    Otherwise, should EBO decide there are more benefits for them to have, they will make a takeover bid for GXH.
    Note Zuelig representitive and EBO director Peter Williams is a GXH director.
    Last edited by percy; 13-01-2019 at 11:31 AM.

  8. #198
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Quote Originally Posted by percy View Post
    You need to research the largest shareholder.[controlling interest].
    It is a joint venture between Andrew Bagnell and Peter Merton,who look to have premptive rights on each other's shareholding.
    Then you have to research who Peter Merton holds for.Himself or Zuelig?
    Then look at what company Zuelig holds 40% of.
    If you find it is Ebos then you are on the right track.
    At this point in time you would most probably be right to think EBO already controls GXH,as well as being their major supplier.
    My guess if Andrew Bagnell ever wants out, then EBO will take it over.
    Otherwise, should EBO decide there are more benefits for them to have, they will make a takeover bid for GXH.
    Note Zuelig representitive and EBO director Peter Williams is a GXH director.
    Interesting - EBOS market cap is 20 times the size of GXH. A takeover certainly wouldn't be a problem for them, but than - FMA might intervene ...

    Unfortunate situation for the remaining retail shareholders.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  9. #199
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Quote Originally Posted by BlackPeter View Post
    Interesting - EBOS market cap is 20 times the size of GXH. A takeover certainly wouldn't be a problem for them, but than - FMA might intervene ...

    Unfortunate situation for the remaining retail shareholders.
    Any takeover will probably be one of those dastardly Scheme of Arrangement things with the Independent Directors recommending the deal at some price perceived to be cheap as (a steal in other words)

    You’ll hate that BP so best to avoid getting involved?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #200
    Senior Member
    Join Date
    Aug 2002
    Location
    auckland, , New Zealand.
    Posts
    769

    Default

    Quote Originally Posted by percy View Post
    You need to research the largest shareholder.[controlling interest].
    It is a joint venture between Andrew Bagnell and Peter Merton,who look to have premptive rights on each other's shareholding.
    Then you have to research who Peter Merton holds for.Himself or Zuelig?
    Then look at what company Zuelig holds 40% of.
    If you find it is Ebos then you are on the right track.
    At this point in time you would most probably be right to think EBO already controls GXH,as well as being their major supplier.
    My guess if Andrew Bagnell ever wants out, then EBO will take it over.
    Otherwise, should EBO decide there are more benefits for them to have, they will make a takeover bid for GXH.
    Note Zuelig representitive and EBO director Peter Williams is a GXH director.
    Great info Percy, much appreciated.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •