Forum Archive Index - September 2000

["Les" <openmind@paradise.net.nz>]

Eldercare posted at net profit after tax of $5.6m on revenues of $25.6m for the 12 months ended 31/05/2000

The first 6 months profit was $2.2m and the second half increased to $3.4m and revenues increased from $9.8m in the first half to $15.8m in the second half.

 

The above is an extract from NZSE announcement 14/08/2000.

 

It appears to me that ELD is on a sound growth path and will net $7m+ for the current financial year.

There has been a lot of selling going on and it appears to be well over done and the current share price is looking highly attractive at current levels.

The FEG insider claim was a complete stuff up but according to a report in the Independent a few weeks ago they have changed lawyers and a recent notice indicated that, round table mediation was under way, a very sensible approach.