Forum Archive Index - October 2001

["Peter" <pmaiden@xtra.co.nz>]

Stephen - updated the CAH charts I was talking about yesterday

 

Last 12 months sales are now $3,889M and earnings are $42M. Earnings are 1.1% of sales and return on shareholders funds over the last 12 months is now 0.8%. And just as well there was a large writeback of a provision for tax this quarter to help the result out.

 

Sales growth declined with last Sept quarter only 2% ahead of the Sept 2000 quarter. This is the lowest quarterly growth for a while.

 

I see Direct Broking have already updated their data and shows a P/E of  64 (based on the last 12 months earnings figure of  $42M mentioned above). Even the highest earnings figure in the last few years of $251M back in 1997 is 14 cents a share so the current shareprice has huge expectations built in - if this is a fair way to value CAH.

 

Likely to see the CAH price go up over the next few days - it usually does after a disappointing announcement.

 

Hope you stayed in WHS - really broken through that 620-625 resistance now.

 

Cheers

 

Peter