Tuesday, January 31, 2012

I'm Buying: Fisher & Paykel Healthcare Ltd

Well, as I said back in June 2011 I was being as patient as a wee church mouse and I would let you know after the fact if I was going to buy some additional Fisher & Paykel Healthcare Ltd [FPH.NZX] shares.

Well blow me down if I didn't do that just this morning when I purchased 15,000 more at $2.15 per share to add to the current 5000 holding in the Share Investor Portfolio.

As I pointed out this morning in the latest Share Price Alert the share price represented good value and is returning over 8% net on dividends alone.

The purchase was funded from dividends from the portfolio built up over 4 profit reporting periods and was earning 3.5% in a cash deposit.

I have not bought anything since buying Contact Energy Ltd [CEN.NZX] shares in July 2011 for a second shorter term portfolio Share Investor Portfolio 2.

Since the Global Financial crises hit in late 2008 there have been a number of bargains I have laid my hands on during the low period in 2009 - AIA (1,2) MFT, WHS and MHI, the aforementioned CEN and today's buy.

This has been a spend over that period of around $150,000.00 about half of it funded through dividends earned and the rest new money.

I am still waiting patiently for other good stocks to come under fire in 2012 and will let you know as and when they come on my radar.

Heres one.

For similar reasons for today's buy -  the weak US currency having an impact on repatriated profits back to NZ - the buying power for Sky Network Television Ltd [SKT.NZX] has increased putting the pay TV broadcaster at an advantage as it buys programming and hardware in US currency. It also has a weak share price for some reason and is looking like an attractive monopoly to me.

I am very pleased about my new addition today.


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Discuss FPH @ Share Investor Forum
Download FPH Company Reports




Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions) by Benjamin Graham
Buy new: $41.77 / Used from: $32.40
Usually ships in 24 hours






c Share Investor 2012

Share Price Alert: Fisher & Paykel Healthcare Ltd 2



Fisher & Paykel Healthcare Ltd [FPH.NZX] shares have come back onto my radar again as they closed at a price yesterday not seen since September 2011, $2.18, (see 1 year FPH chart above) and before that not seen since mid 2008. This weakness in share price has nothing to do with the performance of the company - it has record revenues - but everything to do with the weak US dollar. The aforementioned weakness the two previous times in the last six years (see 6 year FPH chart below) was also because of this currency fluctuation.

The share price was up by 5c yesterday on a massive turnover of 15 million shares as Mondrian Investment Partners Limited sold nearly 10 million shares and now has ceased to own more than 5% of FPH. Mondrian has been a substantial FPH holder (over 5% holding) since September 2010 and on the share register for longer. The company still own around 25 million shares but look like they have lost substantially on yesterdays selldown.

It looks like they are betting that the US dollar will weaken and the share price may fall further so they can buy back cheaper but there has been good support at these levels before and as a current FPH shareholder I am putting in a buy today for at least 15,000 shares.

I am guessing that ACC or some other Government related saver scheme would have taken the Mondrian stake.

At these share price levels the stock is returning 8% gross and with imputation credits you are getting twice as much than a term deposit on a quality stock that has the potential to increase its capital value substantially when the currency fluctuation goes in the company's favour.

Be patient but not for too long at these levels.

Disc I own FPH shares in the Share Investor Portfolio


Share Price Alert Series

Contact Energy Ltd 6
Fletcher Building Ltd 5
Auckland International Airport Ltd
Kathmandu Holdings Ltd 2
Mainfreight Ltd 3
Fisher & Paykel Healthcare Ltd
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

 

Fisher & Paykel Healthcare @ Share Investor


Global Market Sell-Off Stocks: Fisher & Paykel Healthcare
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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 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

Discuss FPH @ Share Investor Forum
Download FPH Company Reports




Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions) by Benjamin Graham
Buy new: $41.77 / Used from: $32.40
Usually ships in 24 hours







c Share Investor 2012

Thursday, January 26, 2012

"Teapot Tape" Recording


There is nothing of import or indeed anything coming even close to embarrassing on the so-called "teapot tapes" recorded between John Banks and John Key before the 2011 election.

All whipped up my a brain-dead left media with a story to manufacture in the absence of any real scandal.

If you can hear it, have a listen.

Try not to go to sleep in the first minute.


NEW - From Fishpond.co.nz

Steve Jobs
Steve Jobs Biography - By Walter Isaacson


c Darren Rickard 2012

Friday, January 20, 2012

Share Price Alert: Pumpkin Patch Ltd 5

PPL 1 Year Chart
Pumpkin Patch Ltd [PPL.NZX] shares have had a dire past 12 months, dropping from $1.65 in February 2011, hitting an all-time low of 58c in December and finishing up 7% to finish trading at 75c yesterday on news that the company are putting their UK division into voluntary administration.

This is very good news for the company after 11 million or so in costs is stripped out of the company for the restructure.

This is going to have a positive impact on the PPL share price.

I think there could be some more share price weakness when the 1st half result is out in March because it will be a big loss so patience again will be the key to getting a better deal here.

Of course the fortunes for the company will be better without the ongoing losses from the UK division and that will be cemented if their remaining Australasian stores start to perform better. 


A bigger boost will come if dividends are reinstated. I doubt whether this will happen in the half-year result out in March and is more likely to come in the result out in October.


As I said above, be patient , the rise yesterday was on tiny volume so there will be more volatility in share price until some positive financial news comes out.


Good luck.


Disclosure I own PPL shares in the Share Investor Portfolio.


Share Price Alert Series

Contact Energy Ltd 6
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


Pumpkin Patch @ Share Investor

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Broker downgrades of PPL lack long term vision
Pumpkin's expansion comes at a cost
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Pumpkin Patch profits flatten
New Zealand Retailers ring up costs not tills

Discuss PPL @ Share Investor Forum
Download PPL Company Reports

Buy Pumpkin Patch Clothing


Steve Jobs
Steve Jobs Biography - By Walter Isaacson

c Share Investor 2012