Share Investor: FPH

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Sunday, May 22, 2016

2016 Portfolio Picks Update

This is for the Anons out there and the rest of you.

Kia Kaha.

It's been a messy wee year, unfortunately like 2015 going way too fast and speeding up as I get older.

But on the financial front going just about right.

By the way sold down my WHS holding by 5000 shares (for a tiny loss, yes have had them for that long and they have paid a decent div.) and bought my full complement of SKC which is 3800.

This week also sold my Summerset Holdings shares for a tidy $750 profit or just under 8%.

In my update to anon of my Portfolio Picks for 2016 I noted the following movements in stock prices and divs paid.

Tell me what you think.

Lets see how they are going as of 20 May 2016

Sky City Entertainment SKC 11 % plus a 10.5 cent div.

Fisher & Paykel Healthcare FPH 18.5 % plus a 9c div.

Mainfreight Ltd MFT 5.3% plus a 19c div.

Auckland Airport AIA 20.5% plus a 12c div.

Ryman Healthcare RYM 24% plus a 7c div.

Contact Energy CEN 9% plus a 13c div.

Hallensteins Glassons HLG, (18%) plus a 23 and 19c div.

Ebos Group EBO 9% plus a 28c div.

Infratil Ltd IFT 8% plus a 7c div.

Trustpower Ltd TPW 5.5% plus a 27c div.

Figs are rounded to the nearest full dollar.

To tell you the truth anyone could have made money in this market. Anybody, even real live brokers!!!!

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c Share Investor 2015, 2016

Monday, May 9, 2016

Market Musings and Other Things

Coming mid-way through the earnings period with about 3 months till the new reporting season kicks off there are 3 stocks in the Share Investor Portfolio that are worth a perusal because reporting for them kicks off on the 20th of this month with Ryman Healthcare RYM , Mainfreight MFT on the 26 th and Fisher & Paykel FPH on the 27 th.

Ryman is looking good for a slice of the retirement sector action, they started the listed sector, it is they continue to lead with units built, and of course they are by far the largest retirement sector group in New Zealand.

They could actually pull off a coup this May announce a share split. Something they did about 10 years ago. They needn't split in my humble opinion but there you go management seem to like that sort of thing.

If they don't split now they will do so in November.

Mainfreight could well transport some of Rymans tools of the trade like timber and concrete.

It is also finished at an all-time high of $16.77 on Friday, a barometer for the economy as a whole Mainfreights share price tends to reflect what is happening in the economy right now and right now the economy is hot.

All signs are pointing to a record profit, with a spread of global investments paying off, Mainfreight is ready to expand without spending anymore but guess what they are spending more and that is again going to lead to more expansion along the way.

Fisher & Paykel is a stock now that is ranked either one or two depending on what the market is doing on a day to day basis. At present it is ranked number two with Fletcher Building number one. This will of course all change over the next couple of years as the price of Fisher outpaces Fletchers with Fisher about $1.80 in 2012 and Fletcher's around $5.50 vs today's price of around $8.40 from memory.

Fishers is headed to a record profit this May and its share price will doubtless head up past the $10 mark and above and one wonders why the hell nobody has yet held out $ US10 billion or so to take this company within their fold.

Good.

These little 3 shares in my portfolio are among the best performing of the 9 that make up the Share Investor Portfolio.

I cant wait until the 20th.

P.S. Anyone who wants to train for the Auckland Marathon this October can! Train with me. If you are interested and hopefully live in the Albany Auckland area. Give me a buzz @ shareinvestornz@gmail.com

Links to Extra Reading on RYM, MFT, FPH

	Think Bigger: How to Raise Your Expectations and Achieve Everything by Michael Hill

Think Bigger: How to Raise Your Expectations and Achieve Everything by Michael Hill

c Share Investor 2016

Sunday, February 28, 2016

Critics and Wannabes

Chart forFisher & Paykel Healthcare Corp Ltd (FPH.NZ)

Just wanna counter the critics and wannabes, especially the ones you find on the internet.

Your criticism should be ignored.

If you know are doing the right thing for you, it doesn't matter who you have to answer for because the only person you have to satisfy.

Is you.

On that, ill take one instance is writing on this blog and on one particular instance on Fisher and Paykel Healthcare Ltd.

I had followed this stock for YEARS, not months and if you were to take my advice, freely of course because you don't have to take my advice, i'm just freely sharing it with you on these pages, you would have made at least 4 times your money and be in the position you are now with this company of more to come.

That's not including the 60 plus cents in divs.

Looking back i even included my advice AT THE PEAK OF MY CONFUSION AND STRIFE, IN THE MIDDLE OF A STROKE

Me:

At 1.91 today this puppy must be returning about 10%. Looks like another support level to me, if I had the money id be getting in again. Beware that this might jump down again again but also be aware that that this share traded at at 1.86 today. Depends what you want if you get it now you will return you well in the long term, if you think the traders (money) have had their fill get in now,if you don't bide your time.

An Anon Critic:

Come on, FPH is a dead end. Where its gona go and on what basis? Strong yield? How much are you expecting to gain, 10c a share?

So an answer to your critics.

Don't take what you read to heart, if you know you have made the right decision.

Toughen Up: What I've Learned About Surviving Tough Times by Michael Hill

c Share Investor 2016

Sunday, January 17, 2016

Murray & Co: Overachieving Kiwi-style

I had to hunt high and low but I found something.

This piece really has everything a little Fisher & Paykel holder really wants to know.

What he neglects to tell us is, has Mike Daniells passed all his business acumen on.

I would have to answer that by saying yes by looking at the figures, 29-800 million, in 26 years.

What is more important is, has he passed that "we are a company that is going to spend northwards of 70 million next year on R & D" and you would have to say yes again.

Lewis Gradon is still there as head of R & D and as long as he is I don't have one worry.

The biggest value creator in the history of the NZ sharemarket, Mike Daniell (CEO of Fisher & Paykel Healthcare) quietly handed in his resignation slip recently without any fanfare or great media interest.

Mike Daniell’s board at Fisher & Paykel blew his trumpet on the announcement of his forthcoming retirement but they really should have played a full reveille. This is the untold story of NZ finance, a company that grew from a prototype made with an Agee preserving jar after a physician at Auckland Hospital in the 1960s became concerned about the adverse effects of ventilating patients with dry air.

Consider the numbers. When Daniell took charge of the Healthcare division in March 1990 his predecessor was ruling off the accounts showing about $29m of sales and $4m of EBIT. When Daniell steps down in March next year

Photo: Dave O'Hare and 3280 Humidifier (1970)

Healthcare will report sales of over $800m and EBIT of >$200m.

Annual compound sales and EBIT growth of 14% and 16% respectively over 26 years; approximately $500m of shareholders funds turned into marketcap of $4 billion - that’s $3.5b of value creation, 99% of it on Daniell’s watch, the biggest such “market value added” on the NZ market.

If Healthcare had been a listed company the whole time it would have been a 100-bagger. As it was it saved its previous parent company, Fisher & Paykel Appliances, and has done well since listing despite currency headwinds.

How has the company achieved this? Five key aspects, all pointing to good strategy from the top:

A consistent team, in particular Lewis Gradon and Paul Shearer, who have respectively led the R&D and international sales teams over the same 26 year period.

The company persistently plugged away (through sponsoring numerous studies and direct marketing) at the seemingly boring hospital humidification market, gradually leaving less committed competitors in the dust.

It then segued into humidifying air used in “blowers” for sleep apnea in the home. The company quickly worked out that people would get sick of having separate blowing and humidification devices hogging their bedside table and introduced a combined unit before anyone else. This action led to a much bigger fast-growing market.

The company determined that value is in consumables and introduced (and importantly concentrated on) proprietary chambers and tubes to go with its hospital gear and masks to accompany sleep apnea devices.

It has invested in R&D to open up new sales areas, the latest of many is humidifying air pushed over body parts during surgery.

Daniell is an old-style NZ CEO, little ego, no twitter account, his one company generates export sales the equivalent of 60% of the vaunted NZ wine industry with about 1% of the fanfare. Thanks Mike.

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Project Management Essentials For Dummies, Australian and New Zealand Edition by Nick Graham
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c Murray & Co Share Investor 2016

Saturday, January 2, 2016

Fisher & Paykel Healthcare; 2016 : A Time to Spend

Monday, November 23, 2015

Share Investor's 2016 Stock Picks

I want to thank Halle Berry because without her this years picks would

have been more difficult. She helped be with a few stragglers.

Well I'm going to do something different for next years stock picks. I'm just going to pick what I have in my portfolio - minus the weedy ones - and add what I think will be some goers for next year.

So this list is going to be a lot shorter than usual.

Ill start my begging at Sky City Entertainment SKC

This will finally be the start of many a fine year for this company. Many of the rules to relax gaming will apply and they all do so BEFORE the casino is ready to go.

Watch this start to climb from this year.

Fisher & Paykel Healthcare FPH is another pick, picked again last year, it improved substantially this year and will do again in 2016. Plenty of money being spent, new things being created and sold at less and less cost.

All this means good things if YOU are a shareholder.

Mainfreight Ltd MFT is well on track to deliver the goods in 2016.

Money has been spent on warehouses in Auckland, Hamilton, Christchurch, Brisbane, Melbourne, Los Angeles's and one other place I cant remember right now but trust me, they have shelled out the noodles, now they just have to bring them in.

Auckland Airport AIA, it delivered in 2015, it will again in 2016.

Ryman Healthcare RYM is of course a definite push for the entry doors as this keeps getting bigger and bigger. Ignore all broker conflabs about when to buy etc. Do your own research and find the time to get yourself involved.

Contact Energy CEN, get it while its under or close to 5 bucks. Its got a clear 3-4 years ahead as far as capital returns go and there maybe something up CEO Dennis Barnes sleeves.

Lastly pick Hallensteins Glassons HLG, You have to be PATIENT but you can pick it up and all day long its paying 10% plus.

And the best thing about it is that its NOT covered by analysts and brokers (surely two of the most painful words in the market-mans (see what I did there and I will do from now on) dictionary) So you can make your way without the bluff and bluster.

Its a good stock.

Now for two of the ones I don't hold.

Ebos Group EBO, value in this stock AT MUCH LOWER levels. Like in the 7-8 dollars. Good management.

Infratil Ltd IFT, I've been meaning to chuck a few shekels at you but you cant go wrong with their assets and the way the company is run.

Finally, something I see as a contender for M & A activity next year. Trustpower Ltd TPW. That's the one Dennis has his eyes on.

Told ya Id be biased. Well if I cant get behind my stocks and sell them who else is going to.

Pick these stocks on dips in their share prices-they ALL have dips.

The Warehouse WHS excluded because its just about dead the rest of my stocks are headed for the hills in the next couple of years...they will have paid for themselves and start paying me pure profit.

See you next year.

Darren

P.S. If you have your own picks put them down at the bottom.

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Share Investor's Annual Stock Picks

Share Investor's 2015 Stock Picks

Share Investor

Sunday, May 22, 2016

2016 Portfolio Picks Update

Monday, May 9, 2016

Market Musings and Other Things

Sunday, February 28, 2016

Critics and Wannabes

Sunday, January 17, 2016

Murray & Co: Overachieving Kiwi-style

Saturday, January 2, 2016

Fisher & Paykel Healthcare; 2016 : A Time to Spend

Monday, November 23, 2015

Share Investor's 2016 Stock Picks

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