Thursday, November 20, 2008

Like tits on a bull

"...the nature of the issues are complicated and require multiple solutions." Cindy Kiro, 19 Nov 2008.


Cindy was talking-oh if only if she actually DID someting rather than talk-about the Nia Glassie child murder case and child abuse in general.

She goes on in the same article.

"...people need to realise that poverty also played a part..." Cindy Kiro, 19 Nov 2008 

Lets address Kiros first quote.

How complicated is it to remove welfare from those that produce kids for that welfare then maim and kill children, and how difficult is it to make those individuals and groups responsible for doing such despicable things to kids?

In a normal world where personal responsibility reigns it is easy. If you removed the easy welfare the problem would largely go away and if you dealt severely to those already on the wrong side of the tracks when  they offended, against property, other citizens and children you would soon send the right message and the abuse would be cut.

No welfare equals no breeding deadbeat morons who kill kids for fun Cindy.

With knuckle dragging lazy self centered PC morons like Cindy though personal responsibility goes out the window with appropriate punishment.

Her second quote makes no sense at all.

Poverty playing a part in child murder is laughable. Back in the 1930s New Zealand experienced horendous poverty and the Nia Glassies and Kahuis of this world simply didn't happen. Kiro lives in a fantasy world where the perpetrators of these awful crimes are clearly victims too.

New Zealand doesn't need the talkers like big Cindy, we need people who take action.

Under her position as Childrens Commissioner we have seen more murders of babies than at any other time.

Kiros support for the repeal of section 59 that has stopped parents from lovingly correcting their children's behaviour with a smack and risks more violence in the future as these children brought up under such a regime go uncorrected and run wild without the boundaries of appropriate correction.

This bloated, overpaid, limp wristed Labour Party appointed bureaucratic drone, who clearly only gets exercise above her neck needs to go. To say Cindy is as useless as tits on a bull is being nice to her.

May I suggest Celia Lashlie in her place?




Monday, November 17, 2008

Fisher & Paykel Healthcare set for healthy 2009 profit



In what will be one of the most positive and anticipated earnings announcements of the current New Zealand reporting season Fisher & Paykel Healthcare [FPH.NZ]is set to release their results for the 2009 half year to 30 Sept 2008, this coming 10.00 am (NZ Time) Thursday, 20 November 2008-Live Webcast

It is one listed New Zealand company which is set to increase profit and sales for the year because of strong demand for its products and a stronger US dollar.

I have been buying this stock as it dropped and recently bought 3000 at $2.35, taking my total holding to 5000, and I am kicking myself for not buying more.

It is one of only a handful of stocks to actually increase in price over the last few months as its quality has shone among the dross.

The main focus for me on Thursday wont be the currency advantage that they had over last few months of the quarter but the increase in sales, and there will be an increase.

New innovative products have been introduced since last reporting and it will be interesting to see how well they have done since.

In relation to the exchange rate, the company forecast a profit of $86 million for the year to March 31 2009 at its annual meeting on August 22. This is based on a US dollar exchange rate of 72c for the rest of the financial year.

This morning November 2008 the Kiwi buys US 55.76c

Every cent movement down of the New Zealand dollar/US cross means an approximate NZ$2.5 million profit to Fisher's bottom line.

Disclosure: I own FPH shares


Fisher & Paykel @ Share Investor

Big Fisher & Paykel share trades a curious tale
Why 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


Related Links

FY2008 full year results to 31 March 2008



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Emissions trading review the first step towards sanity

The "review" by National of Labour's Emissions Trading Scheme, more commonly known as the Emissions Tax Scam, rushed through under urgency at the end of a dying Government is great news for New Zealand business and of course individuals as a whole.


While the detail of the review is not clear, any relaxing of the cost to Kiwis that the scheme was set to foist onto every family-at least $6000 per household per year-cant be a bad thing.

Annoying morons like Rod Oram from The Sunday Star Times is icing on the cake and he was in hyper greenie/commie mode last Sunday over Nationals review.

The Environment and Conservation Organisations of NZ continue dribbling:

National and ACT by putting on hold climate change action and reviewing the emissions trading regime is making New Zealand an irrelevancy in international negotiations in the lead up to the crucial Demark meeting on Climate Change at the end of next year 2009. More

The contrary is actually the case. Changing or removing the ETS completely would make New Zealand the most relevant country in the world in relation to Global Warming. 

Leading the world back to sanity would mark us out again as the little country that could. We did it before in the 70s and 80s over Nuclear power-ironically a power source that would improve the effects of Global Warming if you believed carbon had any effect on climate-and we can do it again, beginning with the repeal of Labours ETS scheme.

There will be much opposition to change from the extreme sectors of the country but it is all politically, financially and control motivated.

To relax or remove nutty legislation like the ETS Scheme is going to help our economy get back on track and certainly the 180 degree turn on building thermal power stations alone will help cement certainty for business-already established and those wishing to expand or enter the New Zealand market.

The carbon trading aspect of the ETS legislation, if introduced, would have led to the eventual collapse of the economy when the scheme inevitably imploded on its pyramid scheme made of ticky tacky and fairy dust and that is the most important part of the news that this scheme will be reviewed.

We can now all breathe a little easier.

Fletcher Building down tools in short term

Like any other companies operating in the current market Fletcher Building Ltd [FBU.NZ] is going to find the next 18 months or so very hard.

It has already forecast a much lower profit guidance of $289 million to $354 million for FY 2009, such a wide ranging forecast because of extreme uncertainties in the market in which the company operates.

The domestic housing markets in which it operates in; New Zealand, Australia and the USA are experiencing major downturns and that construction downturn coupled with the associated slowdown in supplies of their building materials to said construction is having a big impact on revenue and of course profit.

In my opinion this is likely to get considerably worse before it gets better and shareholders probably wont be seeing anything positive coming out of these domestic housing markets until well into 2010-well later if governments in those countries make the economy worse.

Having said that there are bright spots for the company.

Fletchers has a long list of major infrastructure projects currently underway, especially in Auckland; with Mount Eden Prison upgrade, the Eden Park redevelopment, the Manukau Harbour Crossing(PDF)and the New Lynn Rail Trench among them and a backlog of other infrastructure work in the wings.

The newly elected National Government have also indicated an emphasis on State funded infrastructure projects to help New Zealand get out of its deep economic funk and hundreds of millions in contracts are bound to come Fletchers way in the next year or so.

Australian and American Governments have also indicated a preference to concentrate on crumbling infrastructure to kick their economies along as well.

All this bodes well for their commercial construction division and also the raw materials that they can supply as the inevitable upturn comes.

A question still remaining is how much negative impact the purchase of the Formica Corporation last year for nearly 1 billion Kiwi dollars will have on company bottom line.

Bought for a premium, the global maker of laminates was already in trouble before it was rescued by Fletcher Building and the company has had some trouble and unforeseen(although it should have been) expense so far in restructuring plants and manufacturing processes in order to make the initial decision to buy a relevant one.

The jury is still out.

Make no mistake, Fletcher Building is one company that will be especially hit hard over the global recession. What it has going in its favour though is good management and a backlog of work to fall back on when other sectors of its business get negatively impacted and once again a good decision by management to diversify the company geographically as well as sectorially have put the company in good stead.

As it was one of the first sectors of the economy-along with the retail sector- to show signs of this current economic slowdown, its eventual emergence from the gloom will be a good indicator that New Zealand is at the beginning of another economic upturn.

**Disclosure: I own FBU Shares


Related Share Investor reading

Why did you buy that stock? [Fletcher Building Ltd]
A solid foundation for the future
Fletcher Building raises profit through canny management
Fletchers got game

Related Links

Fletcher Building Investor Info
Fletcher Building Financials

Click here for full Media Release
FBU 2008 Annual Results



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c Share Investor 2008