Forum Archive Index - November 2001
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[sharechat] CLH Collection House
Yes Gerry - it will be interesting to see how the market handles much lower
profits from a merged DAD/BCH compared to what they have been reporting
individually.
The Grant Samuels report covers this. A pro-forma of a merged outfit (had it
exsisted) for the June 2001 year showed a loss in excess of $8M.
In the middle of this doc
http://www.baycorp.co.nz/investor_relations/Com3-4.pdf
That'll mean the market will need to value these sort of companies on a
different basis. Whatever that basis is I am sure that CLH will look pretty
good and as their price is quite a bit lower than DADs (even though eps
forecasts are in CLH favour) there can only be upside for CLH.
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