Yeah, I was surprised it did not rise more yesterday, imagine what it would have done without all the current uncertainty. It going up to the next level. If there is a market selloff will be going in for some more.
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a sign of strength that Ebos is still paying the interim dividend. everybody else is bailing out of it eg VGL SEK FBU.
There have been some great opportunities to cheaply add to your holding of this company over the last week.
Maybe one of the only blue chips which might hold strong.
I wouldn't read into todays exuberance with the other stocks, will be short lived. Lot's trading on signficiant margin of safety to valuations by institutions but that doesn't really mean anything in the long-term unless you want to trade that
Quality company has held up superbly, I hold.
it still made me feel sick one morning this week when it opened at 18.50
so what did I do. I bought some.
Attachment 11160
Should be doing well although no updates for a while. They put out a letter to suppliers on the 12th
https://online.ebos.co.nz/images/ban...ch%2020201.pdf
The medical side should be going gangbusters, except for the PPE stuff that seems rarer than gold dust. Animal division could be doing ok as vets etc are partially open, while the competition (Animates etc) are not.
P/E becoming ever more stretched compared with most other sectors, but that largely reflects the better prospects.
Animates is 50% owned by Ebos.Seem to have cut a bit off,but I think you will get gist from the following.
n this unprecedented time, the NZ Government has recognised Animates as a Key Service to continue to meet the animal health and welfare needs of New Zealand’s pets during Alert Level 4. This means providing the essentials like specialist diets, food, and breed specific nutrition to all types of the big and barky, small and meowy, chirpy and feathery, and all of our beloved hoppy, scaly, or slimy pets. Even the highly unique and specialised bearded dragon.
Without the ability for Animates to supply this, the health and welfare of many of our precious New Zealand pets will suffer.
To keep you and our community safe in your bubbles, ordering online is the only way you can access your pets essentials from Animates during Alert Level 4. We are also waiving any delivery fee for orders over $79.
Our courier partners will be doing their best to get your orders to you, however as many kiwis will be shopping online during this period, we’re sorry but, there could be some delays.
You can even set up a Repeat Delivery service with us on animates.co.nz as a type of ‘set and forget’ way of shopping for your pet essentials online. As a Repeat Delivery customer, you’ll always get free delivery too.
From Monday 30 March, our new Zero Contact Click & Collect service will also be available in some of our stores for essential pet supplies if;
- ordering through Home Delivery is not accessible in your home location, or
- is not optional because the product is perishable or bulky, or
- your pet needs the products quickly for their welfare.
To minimise person to person contact Grooming Salons and DIY Dog wash facilities will also be closed.
Animates.co.nz provides further info on these services and how we are operating during the Alert Level 4 period to keep people safe.
Vetcare clinics are open to support youn this unprecedented time, the NZ Government has recognised Animates as a Key Service to continue to meet the animal health and welfare needs of New Zealand’s pets during Alert Level 4. This means providing the essentials like specialist diets, food, and breed specific nutrition to all types of the big and barky, small and meowy, chirpy and feathery, and all of our beloved hoppy, scaly, or slimy pets. Even the highly unique and specialised bearded dragon.
Without the ability for Animates to supply this, the health and welfare of many of our precious New Zealand pets will suffer.
To keep you and our community safe in your bubbles, ordering online is the only way you can access your pets essentials from Animates during Alert Level 4. We are also waiving any delivery fee for orders over $79.
Our courier partners will be doing their best to get your orders to you, however as many kiwis will be shopping online during this period, we’re sorry but, there could be some delays.
You can even set up a Repeat Delivery service with us on animates.co.nz as a type of ‘set and forget’ way of shopping for your pet essentials online. As a Repeat Delivery customer, you’ll always get free delivery too.
From Monday 30 March, our new Zero Contact Click & Collect service will also be available in some of our stores for essential pet supplies if;
- ordering through Home Delivery is not accessible in your home location, or
- is not optional because the product is perishable or bulky, or
- your pet needs the products quickly for their welfare.
To minimise person to person contact Grooming Salons and DIY Dog wash facilities will also be closed.
Animates.co.nz provides further info on these services and how we are operating during the Alert Level 4 period to keep people safe.
Vetcare clinics are open to support you
Wow - I have to teach from home without being able to buy a decent webcam online... but at least we can order gourmet pet food!
The company hasn't given any business updates regarding Covid yet. Wonder when they will put something out.
they have actually
In the interim report released on 20th Feb they said this:
Our business has also been assisting the Australian Government in its preparations to assess returning citizens for coronavirus. This involved quickly mobilising resources to provide infrared thermometers to officials for use at airports in Brisbane and Sydney. In New Zealand, Onelink has been engaging with the Ministry of Health and District Health Boards to support efforts to combat coronavirus by providing Personal Protective Equipment (PPE) to front-line responders
and this:
We have not seen any significant impact to the Group as a result of the coronavirus (COVID19). We continue to closely monitor this issue and will take all necessary actions to ensure we are well placed to respond to any challenges that arise as the situation unfolds.
That was fairly early in the timeline of Covid19 but they also said
We reconfirm the Group is confident of a significant increase in earnings in the current financial year.
So one might expect an announcement if this changed.
yes a nice update indeed now that they presumably have a much better feel for how the business continues to track.
I know Animates haven't been open but have managed to continue selling their high margin pet food, and will be doing click and collect for Lev 3 as well. So not all is lost even from them.
it is so good to read comments like this
the Healthcare segment experienced unprecedented levels of demand in response to COVID-19 developments. The Group’s significant investment over recent years in its distribution network positioned us well to meet the increased demand
EBO down below 2200 again. I see that majority shareholder Sybos Holdings sold off a quarter of its 37% stake (15M shares) at a 10% discount back in Nov 19 - at 2250, I think. Any news on what Sybos will do with its remaining holding after the 6-month escrow period elapses this month? Reckon this is driving the price lower in the meantime?
a presentation out today for Macquarie conference
they are a pleasure to read.
still confirming a significant increase in earnings for FY20. :t_up:
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/EBO/352673/321975.pdf
EBO was one of my big holdings, which I sold out of completely when peak gloom arrived late March as it was holding up well and used the proceeds to buy some bargains.
Now I have sold many of those and in theory it is time to buy my EBO back and spend the extra on Wine, Chocolate and other essentials.
But I hesitate...
Limitations of a Dead Cat Bounce
As mentioned above, most of the time, a dead cat bounce can only be identified after the fact, which means that traders that notice a bounce after a steep decline may think it is a dead cat bounce, when in fact it is a trend reversal - that is, instead of being a short-lived bounce, the rally may signal a prolonged upswing. How can investors determine whether a current upward movement is a dead cat bounce or a market reversal? If we could answer this correctly all the time, we'd be able to make a lot of money. The fact is that there is no simple answer to spotting a market bottom. Investopedia
For me it's the shape of the bottom. Seldom (never?) has there been such an extreme sell-off, followed by a v-shape bottom, then continue as if nothing had happened. Especially this time around. The (global & local) economic damage from Covid is going to grind on for quite some time, don't you think?
any half decent definition applies all the time.
every crash is scary and seems new at the time. if it wasn't scary people wouldn't panic sell.
and yes the increased volatility around the 61.8% fib level is a sign of uncertainty.
given that we are now clearly talking about 'The Market' and not Ebos I will post in another thread (Dead Cat Bounce thread) what I think the SP500 will most likely do.
EBO has hardly moved. I was consider buying in at 17 but we may see 20 at some point.
I like the term " mutually beneficial outcome".
https://newswire.iguana2.com/e30d7c2...ion_of_7th_CPA
Still looking at the share price chart and not seeing the need to buy back in yet.
And when it becomes time I may not have any spare cash :mellow:.
was offered some today by broker @ $21.52. Selldown by Sybos
" Essential products saw increased demand. Prepared dishes and cooking aids, Purina PetCare, coffee and Nestlé Health Science products reported increased growth "
From Nestle, which is good for Ebos with petcare being 14% of earnings.
Sybos did own 45.5m or 28% and are selling 15m. From the NZX release:
Quote:
On 22 June 2020, Sybos entered into a block trade agreement (the "Agreement") with
Citigroup Global Markets Limited (the "Underwriter") under which Sybos appointed the
Underwriter to manage and underwrite the sale of 15,000,000 ordinary shares in EBOS
currently held by Sybos for NZ$21.52 per share (or NZ$322,800,000 in aggregate). Under
the terms of the Agreement, Sybos undertakes in favour of the Underwriter to not deal in its
remaining shares in EBOS until the business day following the release of EBOS's full year
results for the year ended 30 June 2020 (as set out in full in clause 3 of the Agreement).
Citigroup has found owners for the 15m with only less than 100k still on their books.
Not enough in it for me atpit. Id be about 2cents up after brokerage.The road ahead suggests there may be a cheaper entry.
I'm looking forward to the full year result which is presumably out this month some time.
We know there has been unprecedented demand and have been told to look forward to a significant increase in earnings in the current financial year.
They quietly announced the annual meeting last week as if to remind us of a pending full year result. That would have been the time to advise us if anything was different.
I was looking for a bargain however SP has been quite stable ($20 - $22) since March. Lots of confidence?
Also hoping for a good result - added to my position a week or two ago, perhaps against my better judgement given reporting of my holdings in the last couple of weeks (BUB, OCA etc). But in for the long term.
Finally bought back in Ebos this morning, but on the ASX.
The liquidity is appalling by my standards but it is intended to be a long-term hold and hopefully I will get the AU dividend which is fully franked as opposed to the NZ dividend with its with-holding tax. [ I am not resident in either country ]
FY out tommorrow, should be a good one judging by how the half year was a absolute banger (http://nzx-prod-s7fsd7f98s.s3-websit...703/317092.pdf)
Been topping up recently, relatively good value, resilient with a decent yeild + growth (in comparison to the gentailers for example).
$8.8billionrevenue >>> + 26.5% increase
$162.5 million reportedNPAT >>> + 18.0% increase
$296.6 millionunderlyingEBITDA >>> +13.4% increase
100.6 cents earningsper share >>> +12.0% increase
77.5 cents dividendper share (NZ) >>> +8.4% increase
A great year for EBO indeed. Reaching 8 billion dollar revenue for the first time.
Another excellent result.
Well done holders.
A good result however I’m concerned with the fourth-quarter revenue being down and is this going to continue into the next year. Also a potential sell down still to come.
Just wondering if it is better to buy shares in ASX directly even after exchange rate from NZD to AUD?
EBO have continually demonstrated that they can undertake M&A successfully time and time again. Really cant see any downside in their key sectors.
Agreed - this is a strong performance. Dividend increase, strong cash flow and a solid balance sheet. This is a high quality business.Quote:
Originally Posted by percy;8375[B
One of the best gems on our market
If the share registrar has you as NZ Tax resident then it is probable that you will get the NZ partly imputed dividend so buying on the ASX or the NZX would make no difference.
AS I mentioned before there is little trade of EBO on the ASX and buying any quantity can be a lengthy progress, and selling in a hurry is not an option.
I have no real concerns over the 4Q revenue.
I am one happy cat today:
https://cache.desktopnexus.com/thumb...gthumbnail.jpg
Well, it has been slowly improving and has basically doubled since the start of June to now, but:
1/ my measure of average daily turnover is only $104K.
1 + 0.5/ days with less than 1,000 shares trading have been reasonably common
1+1/ there is usually a big spread on the buy & sells with poor depth at any one time.
2+/ which means you stick an order in and hope that enough people bite.
Am I right in saying that as more shares move from NZ to the Australian register ebos will eventually be able to give more imputation credits on Nz shares?
I understand that, I guess my thinking goes that maybe (all figures are for illustrative purposes) 20% of profits are in NZ but 80% of shareholders are in NZ and want imputation credits (remainder in Aus and want franked dividends).
If the % of shareholders in NZ wanting imputation credits was more aligned with the % of profits in NZ, say 20% of profits in NZ and 20% of shareholders in NZ, would this mean the dividend to NZ shareholders could be fully imputed?
Imputation credits are attached to all shares. Thats why there are only very limited imputation credits on ANZ and Westpac dividends despite big profits from their nz operations and presumably only a small percentage of their shareholders being tax resident in NZ.
Ah... thanks for the explanation. Anyway, good result for ebos I continue To hold happily and receive slightly imputed dividends.
This is all I do to track EBO ...not much point doing much more
Bit disappointing share price is still where it was 2 years ago ...but snowie says its going to a 100 buck share one day
Great result all around and nice to see a company implementing decent constraints on cost side as well. Despite the new contract they were still able to keep numbers in check. I'm also happy to see the net debt position move in the right direction where many companies aren't.
The only issue I have with this stock is I don't own more. Bought a decent position years ago in the low teens but never topped up again on the way up.
Disc: Hold a decent position.
Whats the PE/G tho?
I'm seeing it a bit high when I think about it.
EPS 2015 70.8 NZ cents converted to OZ at 1.1 = 64.3
EPS 2020 100.4 (Aus cents)
From online calculator
Over the course of 5 years/months your investment grew from 64.3 to 100.6. Its compound annual growth rate (CAGR) is 9.36 %
CAGR over the last five years = 9.36%
(P/E)/G
(22.1/1.006 )/9.36 = 2.35
If we use underlying earnings from 2020 the figure improves to 2.17
I mean its not bad but its not exceptional given PE should equal growth and we're seeing half that.
...and that's why long time believers in Ebos like percy sold back when the blue line (share price) went way above the red line (eps) on the chart above (or below if new posts at top of page) - he shared the same sentiments when he did sell (think my memory is OK)
Probably percy hasn't got back in (yet) ..nor have I
Share price gone nowhere for 2 years
Forsyth saying it will be $28.00 in 12 months (or less, or more)
Actually one of the few stocks in this market that look reasonably priced, and the story is pretty good as well.
I haven't found Forsyth price forecasts to be accurate but I do agree that this is a solid company. I'm happy to hold and haven't jumped ship
From memory the price went down from $25 to $22.50 Nov 19 last year. My broker offered me more shares at the time because someone was offloading a large holding privately. The price hasn't recovered since… and I expected it to bounce back quickly
Seems the value in EBO has been rediscovered. Shareprice up 5% today!
I hold.
deleted....
bigger competition on the way for ebos via petfood sales
Bidders bark at New Zealand's Ziwi Peak
So it’s not surprising to hear that one of the region’s hot young pet stories – New Zealand’s Ziwi Peak which specialises in 100 per cent natural, healthy pet food – has some dealmakers fired up. It is understood the group’s private owners have been in discussions with potential private equity and trade buyers in Australia
https://www.afr.com/street-talk/bidders-bark-at-new-zealand-s-ziwi-peak-20201004-p561ur
looks like asx score another ipo from nz
Ziwi is a different market/product and price point. Most of their sales are export, and perhaps only 10-20% max sales in NZ & Australia at a guess. They're about to build a new factory down in Napier and going pretty good from all reports.
Blackhawk products are popular and well priced, but they are really stretching it by advertising real meat. They use meal which is rendered down waste, like heads, hooves, bones, innards etc......and show photos of chicken breast and lamb racks on their packaging.....very, very poor in my book.
**gets off soapbox**
I saw a documentary about petfood last week on Tubi. Most stuff that goes into petfood could barely be called meat. I would not pick on Blackhawk in particular, it is standard practice world wide. They all play fast and loose when it comes to product labelling, content etc.
I suspect most consumers would rather not know the truth. It is like nearly everyone that eats meat. Deep down they know there is lots of animal cruelty involved, but their burgers taste so nice they turn a blind eye.
Yes, for sure product labelling and claims are often fast & loose.
Many of the companies, especially the major US producers use MDM - mechanically deboned meat. So residual bones and waste ex edible carcase from when it is being processed into cuts. These are broken down, and squeezed under pressure - so all the residual meat, fat, soft tissue, marrow etc.
Meal is the rendered down (ie cooked) waste - skulls, hooves, stomach contents etc. So to put it in your product as Blackhawk does, and then have a chicken breast or lamb french rack on the packaging is quite simply, ridiculous.
Bear in mind that the Animal Care division's revenue was about 5% of Group total in 2020. And there's more to "Animal Care " than Blackhawk products.
Disc: Holding.
The animal care products made me hesitate about investing in EBOS because they also sell a range of dog treats sourced from China. Just Google duck treats for dogs and the FDA if you want a fright.
However, as stated it's a small % of the income and what I like about EBOS is the diverse income streams and the health sector revenue streams
are you guys sure of your facts here or are you just slinging mud generically ?
sure they use meal in some of the products but not all and ALL of them have heaps of other nutritional stuff
random examples here one for dog and one for cat
- Cat
Product Ingredients
Chicken, chicken broth, peas, lamb, plasma protein, egg powder, essential vitamins and minerals*, flaxseed oil, sunflower oil, guar gum, carrageenan, salt, locust bean gum, caramel, xanthan gum, taurine, emu oil, glucosamine HCI, chondroitin sulphate, cranberries, blueberries, coconut, pumpkin, dried kelp.
* A blend of essential vitamins, minerals and amino acids to support cat health
Crude Protein 8.50% (min) Crude Fat 5.00% (min) Crude Fibre 1.00% (max)
- Dog
Lamb Meal, Chicken Meal, Peas, Tapioca, Chicken Fat (naturally preserved with Rosemary Extract, Mixed Tocopherols and Citric Acid), Potato, Sweet Potato, Chicken Gravy, Sugar Beet Pulp, Essential Vitamins and Minerals (see tables), Salmon Oil, Sunflower Oil, Chicory Root, Di-Calcium Phosphate, Egg, Alfalfa, Salt, Apple, Brewers Yeast, Pumpkin Seeds, Natural Antioxidants, Coconut Oil, Yoghurt Powder, Emu Oil, Blueberries, Cranberries, Dandelion Tea, Parsley, Peppermint Tea, Rosemary Extract, Chondroitin, Glucosamine, Carrots, Yucca Schidigera, Spinach, Kelp, Tomato, Beta Carotene.
Crude Protein 28% (min) Crude Fat 18% (min) Crude Fibre 2% (max)
I mean I am currently studying to be an epidemiologist so dont have the time to be come an animal food nutrition expert but it looks like a lot of thought and effort has gone into the composition of their products to me.
So if you are going to rattle on about it, please use some facts related to Ebos and Blackhawk , like I have, and not just talk about pet food manufacturers in general
Well the excitement builds.
We all eagerly await with bated breath, PAZ's launch of pet treats,made in NZ, from only NZ source ingredients ......
Their composition would have been through a nutritionist and likely to meet AAFCO standards (some of their foods say this, although unsure if all are - but not compulsory). Yes, have lots of other good stuff - which is great to see where alot of other products have a long listed of scientific compounds.
But my "beef" is simply that Blackhawk say they have "real meat" in their foods. In particular, with their lamb & beef foods, I don't consider meal as "real meat". They have a picture of a lamb French rack on their packaging.....I simply see it as being way too cute with what they say.
I see little wrong with innards etc being served up to pets. As a youngster our cats much preferred cooked cow lungs (known as lites) than tinned cat food. And when there are so many hungry in the world (and, apparently, in NZ) we shouldn't really be feeding food fit for humans to our pets.
There's not much nutrition in hooves, but other offal products can be beneficial. What concerns me is the percentage of fillers in many brand name pet foods, that people blindly buy because it is a) cheap and b) advertising (inclusive of social media) has convinced them they must.
Not all CP and CF percent are animal based
That is where the beef is
Our Alsatian used to love eating sheep heads. However it is humans that go shopping so you cannot blame the companies for putting a picture of a tasty looking steak on the tin. If they put a sheeps brain on it, then nobody would buy it.
It is good all of the slaughtered animal is used up. Would be a waste otherwise, and the pets seem to enjoy it so whats the worry?
From an EBOS perspective, I do not see this company posing much of a threat to the bottom line, pretty niche, at 78 dollars for 24 small cans of catfood it is more than twice as expensive as the stuff you buy in the supermarket.
I agree, ratkin. Followers of EBO should remind themselves to "watch the doughnut, not the hole!"Quote:
From an EBOS perspective, I do not see this company posing much of a threat to the bottom line, pretty niche, at 78 dollars for 24 small cans of catfood it is more than twice as expensive as the stuff you buy in the supermarket.
:)
Does EBOS distribute nasal vaccine products yet? Well there is a nasal vaccine coming from altimmune or someone that blocks the virus in the nasal cavity. There will be a rush to get and distribute this to market later next year. Where would a product like this be distributed and which companies in the chain would profit from it.