Forum Archive Index - October 2001

["SWLEE" <SWLEE@xtra.co.nz>]

Peter,

Thanks for the info.

Its worth noting that if you compare on the quarterly basis,  the last quarter profit was a improvement to the previous quarter that tend to indicate the margin is on the improve. According to CAH report today, they are cautiously optimistic the next quarter would see a further improvement.

 

WHS. It will be interesting to see how it pans out towards the end of next week when the buyback date expires.

 

Cheers

 

Stephen 

 

----- Original Message -----

From: Peter

To: sharechat@sharechat.co.nz

Sent: Wednesday, October 17, 2001 8:34 PM

Subject: Re: Re: Re: [sharechat] CAH

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