Double engine growth dream.
TWR next
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My thoughts too - FPH is effectively an exporter that reports in NZ$ and its main market is in US$ - a weak NZ$ should help it? (accepting that its more complex than than as it also makes product in Mexico). It does quite a bit of hedging so who knows if it has won or lost on these - its a zero-sum game at best!
FPH share price nudging 27 bucks today
Getting back to where it was a year ago and seeing better shape it could go to $30 in next month or two ……and then $35 by end of year
Quite likely
Index buying ahead of end of the month?
https://nz.finance.yahoo.com/quote/fph.NZ/holders/
https://www.nzx.com/announcements/428702
FPH in trouble today ?? $ 12 mil downgrade !!!
One offs don’t count ..just normalise it like Fletchers …or The Warehouse
Not really a downgrade …so share price OK …...but punters might be thinking this is the beginning of a series of bad news …..recall, building depreciation impacting tax ….hint if property devaluations coming up …… what next I wonder?
From 24-7-24
This has been predictable,dependable & reliable ever since they listed.The rest is just noise.
"Heavyweight Fisher and Paykel Healthcare led the market upwards by increasing 68c or 2.65% to $26.30 after investment manager UBS upgraded the stock’s target price to $29.10, from $28.50.
Smith said the UBS report commented Fisher and Paykel had its strongest (obstructive sleep apnea) mask offering in a decade and upgraded its hospital revenue growth to 70% over the next five years.
“Investors are positive over the launch of its fourth mask (Nova Micro) in two years and they are fetching premium prices compared to competitors’ products. It all rolls into a new earnings growth story."
https://www.goodreturns.co.nz/articl...or+10+Apr+2024
Wheres Couta?