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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

Wednesday, September 27, 2017

A2 Milk Corporation

A2 Milk Corporation Ltd [ATM.NZX] chart looks like a plane is taking off, as it does it appears to be dropping left-lets over China because that is where the buying and selling of this stock is coming from.

There has been $22 million passed today, so far.

A chap asked yesterday via this website what I thought of this stock now it was over 6 bucks and heading over to over 7.

I said something like it was a stock based on true value but like Fisher & Paykel Healthcare Ltd [FPH.NZX] and Mainfreight Ltd [MFT.NZ] amongst other stocks, it was getting way beyond its value.

It has a PE ratio of over 50, more than both MFT and FPH and 12.49c in earnings per share.

To be fair it will continue to go up with earnings approaching 20 cents per share next year but which ever way you look at it it is overvalued.

I also think I said that this stock looks like it is on the (Chinese) fast track to the stratosphere so would be surprised if it put on 2 bucks (conservatively) before xmas.

I politely refused to utter anything material on the stock, except to say I had been watching things from late last year.

Good luck.

c Share Investor 2017

Monday, September 25, 2017

Sky City: Even Cheaper Now

c Share Investor 2017

c Share Investor 2017

Wednesday, September 20, 2017

Westpac: I'm Thinking of Returning

Rocked up to the local Westpac at Albany Mall today after clicking on the make your credit balance $2500 more - that was OK.

In the meantime saw Wilson at the bank & found out I have an interest free period left on my Visa till July next year.

When I had issues with the card in July I contacted the bank and they sorted out the problem and it seems they started the 12 months again from July. So I don't have to pay anything off (except the minimum balance.)

So at the same time I told Wilson about this I decided to open a bank account. This was the first time I have had an acc with Westpac in 30 years (apart from my Credit Card).

I want to see how they go and if they are good (I'm unhappy with ASB who I been with for more than 20 years) Im going to change some or all of my banking.

How do you folks out there deal with this "problem"?

More Banking Madness @ Shareinvestor

ASB Bank: Customer "Service"

Bryce the Banker: The Final Insult
Banks not participating in Recession
Bank Guarantees: Time for banks to return the favour
The Return of Bryce
Banking Madness!

Discuss this topic @ Share Investor Forum

c Share Investor 2017

Share Investor

Wednesday, October 11, 2017

Fisher & Paykel: The Biggest Listed Company in New Zealand

Wednesday, September 27, 2017

A2 Milk Corporation

Monday, September 25, 2017

Sky City: Even Cheaper Now

Wednesday, September 20, 2017

Westpac: I'm Thinking of Returning

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