Share Investor: Fisher and Paykel Healthcare

Showing posts with label Fisher and Paykel Healthcare. Show all posts

Wednesday, October 11, 2017

Fisher & Paykel: The Biggest Listed Company in New Zealand

Growing demand for Fisher & Paykel Healthcare's products have been keeping its Auckland manufacturing plant busy.

Technology has overtaken tourism at the top of the NZX, with exporter Fisher & Paykel Healthcare ousting Auckland Airport as the country's most valuable company.

Note from Share Investor: Was taken on a ride with this one over the last 5 years and I don't think its finished yet.

In one way or another its fate will be determined over the next few years not so much by Fisher and Paykel [FPH.NZ] but they will continue how they have done business since year one, that is without fear or favour of anything political. They will just get on with business regardless but politically the share FPH is definitely in favour.

Watch for a big rise in share price if Winston Peters goes with either left, left, left of centre Labour or left of centre party National tomorrow or Friday or whenever he feels like it.

Look for the dollar to reach lows next year if Winnie the Pooh gets his way and the dollar is somehow uncoupled from the mood of the economy. As it has been for many decades now then the sky is just about the limit for this share.

I could be proven wrong but something tells me 3 million dollars for every movement per cent in the dollar is the figure.

F & P have forward cover for this but as soon as this is used all bets are off.

From Stuff.co.nz

F&P Healthcare shares have been on a five-year bull run as the company has expanded its hospital and home sales of medical devices that treat breathing disorders.

The company is now worth $7.446 billion – a few hundred thousand dollars more than Auckland Airport which was relegated into second place on the NZX at the close of trading on Wednesday.

F&P Healthcare shares have been boosted in recent weeks by a decline in the value of the New Zealand dollar, which has the effect of boosting its export revenues and profit margins.

A decline in the Kiwi that followed confirmation of the election result on Saturday has helped provide the impetus to take F&P Healthcare over the line.

Shares in the company closed 17 cents higher at a record high of $13.05 on Wednesday, while Auckland Airport shares had slipped 2c to $6.24 just before 5pm.

F&P Healthcare shares had a small wobble last year.

One cause was concerns over the President Trump's threats to renegotiate a trade agreement with Mexico – where F&P Healthcare has its American manufacturing base.

Another was concern over tit-for-tat patent litigation by Californian Resmed.

Resmed said the New Zealand firm's masks, designed to treat sleep apnoea, violated its patented technology after F&P Healthcare launched its own litigation.

Nerves about the litigation may have been calmed after a German court suspended Resmed's two patent proceedings pending the outcome of a European Patent Office decision over the patents.

Fisher & Paykel Healthcare @ Share Investor

c Share Investor 2017

Monday, September 11, 2017

Fisher & Paykel Healthcare Ltd: Where's it Been Over the Last Month & Why

Fisher & Paykel Healthcare Ltd [FPH.NZX] is taking a trajectory that is firmly north over the last week or two.

This is based on off shore buying - I only found this out on Fri 8th - this is because of significant buying based on this investor briefing.

Apparently this is solely responsible for the uplift. There is not a lot on offer, so up she goes.

Have a look below on briefing from Yahoo daily share-trading.

The rise is actually based on increased trading, $100 plus million over the last week and counting.

So when I surmised a few posts back that it was institutional trading I was only partly right.

Because what you see is a rise in share price down to one thing.

Its US mums and dads buying the shares based on what their brokers are hearing at the investor briefings.

A knucklehead thing for investors to do but they are buying FPH shares nonetheless.

Question is when will the yanks be finished?

Date	Open	High	Low	Close*	Adj. close**	Volume
08 Sep 2017	12.45	12.62	12.45	12.61	12.61	1,739,308
07 Sep 2017	12.20	12.51	12.20	12.48	12.48	2,270,372
06 Sep 2017	12.07	12.24	12.05	12.24	12.24	1,167,208
05 Sep 2017	12.08	12.17	12.00	12.13	12.13	778,908
04 Sep 2017	11.99	12.09	11.95	12.08	12.08	590,056
01 Sep 2017	11.80	12.13	11.80	11.95	11.95	1,695,701
31 Aug 2017	11.63	11.77	11.53	11.77	11.77	837,466
30 Aug 2017	11.43	11.65	11.42	11.59	11.59	374,554
29 Aug 2017	11.40	11.50	11.35	11.46	11.46	545,875
28 Aug 2017	11.51	11.51	11.43	11.48	11.48	364,719
25 Aug 2017	11.66	11.66	11.50	11.55	11.55	526,038
24 Aug 2017	11.64	11.69	11.47	11.68	11.68	303,532
23 Aug 2017	11.59	11.65	11.50	11.65	11.65	326,565
22 Aug 2017	11.50	11.63	11.47	11.61	11.61	464,467
21 Aug 2017	11.40	11.59	11.40	11.58	11.58	302,922
18 Aug 2017	11.43	11.50	11.38	11.45	11.45	427,367
17 Aug 2017	11.28	11.52	11.24	11.47	11.47	532,512
16 Aug 2017	11.25	11.36	11.21	11.32	11.32	415,715
15 Aug 2017	11.20	11.35	11.20	11.28	11.28	376,741
14 Aug 2017	11.09	11.23	11.06	11.20	11.20	436,247
11 Aug 2017	11.25	11.25	11.10	11.10	11.10	784,237
10 Aug 2017	11.38	11.55	11.38	11.44	11.44	779,264
09 Aug 2017	11.39	11.44	11.36	11.39	11.39	1,016,623

c Share Investor 2017

Monday, September 4, 2017

Fisher & Paykel Healthcare: Where is it Going?

Fisher & Paykel Healthcare Ltd [FPH.NZX] is starting to look a wee bit expensive.

Granted it does have the potential to be the largest stock on the index if it keeps going - its about 3 or 4th at present - but it will be headed for a breakdown if it disappoints this November.

Like I said in a previous post the market seems to have largely discounted legal problems so the reason for the recent share price increase seems to be put down to one or two major reasons.

The first is institutional buying. There appeared to be a sizable chunk transacted last Fri Sept 1. Almost 1 million shares. Again a sizable chunk of well over 2m shares traded in June by Northcape Capital to take their stake in FPH to 5.1%.

The second is insiders - management, directors etc - taking up stakes or taking up options or indeed disposing of same.

There is a lot of activity surrounding share trades.

There appears that a 5% rise over the last 7 days is something this share hasn't seen especially given the record high share price.

It seems the momentum is towards the upside at least for the time being - see the explanation for this in paragraph 2.

I truly don't know where we are heading with this stock, it is way too pricey and I wouldn't be buying at current prices.

All I can think is that insiders are getting together to get in a good position that a possible buy could be on the cards.

They would have to offer me north of 50 bucks a share to get rid of this one right now and it would get more expensive as time wore on.

I don't really want to sell.

c Share Investor 2017

Monday, August 28, 2017

Fisher & Paykel Healthcare Ltd: Should I Buy Now?

Fisher & Paykel Healthcare Ltd [FPH.NZX].

After a great half year profit result back in May this little puppy just kept on climbing moving approx 15% from the result date until today.

Last week there was a small currency inspired blip although no material impact was felt. This has happened many times before so there's nothing unexpected about it.

The impact of the Resmed factor looks to have waned with rumours that the once on again is off again in terms of the financial impact - 20 + million thus far off the bottom line.

Well have to wait and see about that, except the market seems to have left that behind.

The thing is when do you buy?

Wait and see if the stock goes down or buy now and look back in 2-3 years and prove that your initial ideas were on the money.

It a tough decision.

If you are like me put this on your watchlist and wait. For the right time and circumstances that would make this a buy. You may have to wait for many years, not weeks or days.

You will know from your research that this company is going to do much better in the future.

Read this again in 5 years then tell me what you think.

Be ya FPH share price at least doubles.

Fisher & Paykel Healthcare @ Share Investor

Fisher & Paykel Healthcare Ltd: The Time to Buy
Share Investor's 2012 Stock Picks
Global Market Sell-Off Stocks: Fisher & Paykel Healthcare
Resmed takes market share from Fisher & Paykel Healthcare
Resmed kicking Fisher & Paykel Heathcares butt?
Share Price Alert: Fisher & Paykel Healthcare Ltd
I'm Buying: Fisher & Paykel Healthcare Ltd
Share Investor's Total Returns: Fisher & Paykel Healthcare Ltd
Share Investor's 2011 Stock Picks
Stock of the Week: Fisher & Paykel Healthcare Ltd
Fisher & Paykel Healthcare & the US Dollar
Mondrian Investment Partners take stake in Fisher & Paykel Healthcare
Fisher & Paykel Healthcare: 2010 Full Year Profit rests on Foreign exchange movement
Long Term View: Fisher & Paykel Healthcare
Stock of the Week: Fisher & Paykel Healthcare
Analysis - Fisher & Paykel Healthcare: FY Profit to 31/03/09
Schroder Investment Management takes big Fisher & Paykel Healthcare stake
Long VS Short: Fisher & Paykel Healthcare
Big Fisher & Paykel Healthcare trades a curious taleWhy did you buy that stock? [Fisher & Paykel Healthcare]
Drinking and Trading
Share Investor's 2008 stock picks
Fisher & Paykel: A tale of two companies
FPH downgrade masks good performance

Discuss FPH @ Share Investor Forum
Download FPH Company Reports

c Share Investor 2017

Thursday, April 13, 2017

Fisher & Paykel Healthcare Ltd: The Time to Buy

Fisher & Paykel Healthcare Ltd [FPH.NZX] . If you are a regular reader of this blog over the last 10 years or just a recent convert you will know that I am in love with this stock.

I bought It over many years AND I bought it for a good price.

It currently returns well over 10% p/a and I expect it to increase substantially as the years tick over.

If you are a holder well done but if you're not when is a good time to buy?

My answer to this is not complicated.

The first thing to remember is that I didn't buy the bulk of my holding until January 2012 and that was after having it on my watchlist for many years.

I bought, because the shares were good value - mainly due to the lower value of the kiwi/US dollar cross.

The lower it goes the less money Fisher & Paykel Healthcare make when it is converted back into kiwi dollars.

Unless there has been a drastic change in the structure of the dollar market this same effect will happen again - no matter how much Fisher & Paykel hedge against the US dollar.

This should have an impact on the share price.

Nothing wrong with the company just the relationship to its various branches - in this case the US one.

Fisher & Paykel Healthcare @ Share Investor

Share Investor's 2012 Stock Picks
Global Market Sell-Off Stocks: Fisher & Paykel Healthcare
Resmed takes market share from Fisher & Paykel Healthcare
Resmed kicking Fisher & Paykel Heathcares butt?
Share Price Alert: Fisher & Paykel Healthcare Ltd
I'm Buying: Fisher & Paykel Healthcare Ltd
Share Investor's Total Returns: Fisher & Paykel Healthcare Ltd
Share Investor's 2011 Stock Picks
Stock of the Week: Fisher & Paykel Healthcare Ltd
Fisher & Paykel Healthcare & the US Dollar
Mondrian Investment Partners take stake in Fisher & Paykel Healthcare
Fisher & Paykel Healthcare: 2010 Full Year Profit rests on Foreign exchange movement
Long Term View: Fisher & Paykel Healthcare
Stock of the Week: Fisher & Paykel Healthcare
Analysis - Fisher & Paykel Healthcare: FY Profit to 31/03/09
Schroder Investment Management takes big Fisher & Paykel Healthcare stake
Long VS Short: Fisher & Paykel Healthcare
Big Fisher & Paykel Healthcare trades a curious taleWhy did you buy that stock? [Fisher & Paykel Healthcare]
Drinking and Trading
Share Investor's 2008 stock picks
Fisher & Paykel: A tale of two companies
FPH downgrade masks good performance

Discuss FPH @ Share Investor Forum
Download FPH Company Reports

c Share Investor 2017

Share Investor

Wednesday, October 11, 2017

Fisher & Paykel: The Biggest Listed Company in New Zealand

Monday, September 11, 2017

Fisher & Paykel Healthcare Ltd: Where's it Been Over the Last Month & Why

Monday, September 4, 2017

Fisher & Paykel Healthcare: Where is it Going?

Monday, August 28, 2017

Fisher & Paykel Healthcare Ltd: Should I Buy Now?

Thursday, April 13, 2017

Fisher & Paykel Healthcare Ltd: The Time to Buy

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