Often EBO is thinly traded.Over the last few months there have been more buyers than sellers.The announcement contained statements that would have caused concern,so there are now more sellers than buyers.
Those statements;"particularly against a background of ongoing reform and tight budgets in public heathcare and a difficult economic enviroment."
In Australia " "real" economy is finding the going tough."
As a person who has invested in EBO for over 20 years these statements are not new,and EBO has always been able to take advantage of fast changing markets.For years people have said EBO will find it difficult if they loose this agency or that agency, hospital boards will go direct to the manufacturer,Australians will not deal with New Zealanders,they are too reliant on orthopedic business,loss of dental business will affect the whole business,the currency is working against them,dealing with supermarkets is madness etc.However EBO has gone from a $2m capital company to what it is today.I suppose I get in divie a year what my original shares cost.
I have read the announcement and to-days article in "The Press" and know from experience Mark Waller delivers on what he says he will do.