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

Fletcher Building Ltd 5
Auckland International Airport Ltd
Kathmandu Holdings Ltd 2
Mainfreight Ltd 3
Fletcher Building Ltd 4
Fletcher Building Ltd 3
Port of Tauranga Ltd 2
Contact Energy Ltd 5
Ecoya Ltd
Contact Energy Ltd 4
The Warehouse Group Ltd 2
Contact Energy Ltd 3
Contact Energy Ltd 2
Xero Ltd 2
Pumpkin Patch Ltd 4
Pumpkin Patch Ltd 3
Hallenstein Glasson Holdings Ltd
Telecom New Zealand Ltd 4
Telecom New Zealand Ltd 3
Port of Tauranga Ltd
Freightways Ltd 3
Goodman Fielder Ltd 2
Freightways Ltd 2
Telecom New Zealand Ltd 2
Ryman Healthcare Ltd
Charlies Group Ltd
Fletcher Building Ltd 2
Contact Energy Ltd
Steel & Tube Ltd
Telecom New Zealand Ltd
New Zealand Stock Exchange Ltd
Mainfreight Ltd 2
The Warehouse Group Ltd
Pumpkin Patch Ltd 2
Hallenstein Glasson Holdings Ltd 2
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd

Recommended Amazon Reading

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
Buy new: $14.95 / Used from: $6.99
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c Shareinvestor 2013

Monday, May 13, 2013

Share Investor Portfolio: Value @ 13 May 2013

The Share Investor Portfolio is well up on the previous posting made a couple of weeks ago.

The amount of dividends is zero as they are now used for something else so wont be reported here.

There are also approx $60,000.00 in tax credits earned from the portfolio since it began in late 2002.

My NZX and ASX Portfolio

$226,402.72 (76.43%)$296,216.28

New Zealand Securities

as at 16:45:37, Monday 13 May, 2013 (NZT)

Stock

Quantity

Total cost

Market price

Market value

Change

AIA

5,000

$6,291.65 DR

$3.175

$15,875.00

$9,583.35

152.32%

ASBPB

10,000

$6,607.00 DR

$0.770

$7,700.00

$1,093.00

16.54%

BGR

3,000

$1,598.85 DR

$2.530

$7,590.00

$5,991.15

374.72%

CEN

9,200

$44,892.00 DR

$5.520

$50,784.00

$5,892.00

13.12%

FBU

1,000

$6,318.00 DR

$8.560

$8,560.00

$2,242.00

35.49%

FPH

20,000

$41,816.50 DR

$2.730

$54,600.00

$12,783.50

30.57%

FRE

8,000

$18,890.52 DR

$4.470

$35,760.00

$16,869.48

89.30%

HLG

1,000

$1,156.21 DR

$5.650

$5,650.00

$4,493.79

388.67%

MFT

5,000

$26,676.75 DR

$10.600

$53,000.00

$26,323.25

98.67%

MHI

10,000

$5,920.06 DR

$1.420

$14,200.00

$8,279.94

139.86%

PPL

5,000

$11,843.00 DR

$1.120

$5,600.00

$6,243.00

52.71%

RYM

5,000

$8,553.74 DR

$6.220

$31,100.00

$22,546.26

263.58%

SKC

37,100

$62,774.00 DR

$4.500

$166,950.00

$104,176.00

165.95%

WHS

15,000

$52,878.00 DR

$4.350

$65,250.00

$12,372.00

23.40%

76.43%

	Total cost	Market value	Change
	$296,216.28 DR	$522,619.00	$226,402.72

Sky City Entertainment Gets Convention Centre

So Sky City Entertainment Group Ltd [SKC.NZX] has finally wrapped up the whole saga over the deal between themselves and the Government over the new National Convention Centre. The deal sees them get loads of concessions - such as their agreement for SKC to remain where they are till 2048 - but certainly no more concessions than they would have got with a previous Labour Govt - their agreement with SKC sees them get 240 odd machines, the same as what they would have got with Labour, except their deal was far more generous and was on a far smaller centre.

So Govt favours can be well be discounted.

The deal is a winner in most respects. It provides employment for over 1000 people in its building stage and almost 800 people when fully built out.

The new centre will cost $315 million to build and fit-out, while the land will be worth $87m.

Construction on the centre is expected to begin in 2014 and open in mid to late 2017. It will cater for 3500 international conference delegates at any one time and attract an estimated 33,000 more delegates each year.

Economic Development minister Steven Joyce made the announcement today alongside SkyCity chief executive Nigel Morrison and Auckland Mayor Len Brown at SkyCity.

"An international convention centre in Auckland will be a major asset for New Zealand and will generate significant spin-off benefits including a projected $90 million annual injection into the economy.

The deal is politically neutral so can be done fairly and above board.

The only "problem" I see is what Sky City are going to get out of It, and that is simply answered by two words.

Thats business.

Watch that share price today.

Sky City Convention Centre @ Share Investor

Share Investor

Monday, May 20, 2013

Share Price Alert: Fisher & Paykel Healthcare Ltd 6

Monday, May 13, 2013

Share Investor Portfolio: Value @ 13 May 2013

My NZX and ASX Portfolio

New Zealand Securities

Sky City Entertainment Gets Convention Centre

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