Monday, May 20, 2013

Share Price Alert: Fisher & Paykel Healthcare Ltd 6



Fisher & Paykel Healthcare Ltd [FPH.NZX] has increased in value from $2.42 in April to $3.05 as I write today.

This is principally to do with the exchange rate finally showing some reality and well, tanking.

I have been talking about this for many years - as this is how long the wonky exchange rate has been well wonky -  and the movement over the last few days has been evidence of this paying off.

To be fair a decent chunk of this has been overbought and oversold - but thinking out loud 2 plus millionper cent dip in the US/NZ exchange rate gives the impetus for some positivity.

The exchange rate has fallen in the companies favour by about 5 c over the last month so it has been a  significant movement and could raise the companies profits by many millions as the price goes down?

Leaving this aside the company continues to perform with a history of increasing profits and revenue based on their manufacture and sale of high end, well sought after medical products that have high margins and a reputation for cutting edge technology which more often than not beats its competition.

So, Ive been picking this one for many years and its paying off. I picked it last year when every one was dumping it down to $1.85 and  bought some myself in January 2012  to go with my other 5000. 

I will pick a buy to $3.90 for the short term investor and all the way to $3.30 for long term. This has changed somewhat from my previous $3.00 because the company is performing alot better since.

Time to test the patience.



Fisher & Paykel Healthcare

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Fisher & Paykel Healthcare Ltd 3
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Discuss FPH @ Share Investor Forum
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Recommended Amazon Reading

The Intelligent Investor: The Definitive Book on Value Investing. A    Book of Practical Counsel (Revised Edition)
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
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Shareinvestor 2013