Resmed CEO Mick Farrell interview with CNBC Amanda Drury
I saw an interview with CEO on CNBC with Mandy Drury after the announcement.
Announcement was positive overall.
Negatives included minor misses of some expectations and their share buy back programme was halted.
CEO explained they had made $1.5B aquisitions and wanted trading to restore cash before resuming SBB. They have suspended SBB before after aquisitions.
This year takeovers included Matrixcare and Bright Tree health software. Resmed launched new products Moby (?) a liteweight portable oxygen supply innovation where Resmed will supply the unobtrusive face masks. This will enable house bound elderly requiring oxygen to go shopping etc. CEO explained people will spend on devices that provide health and life style benefits, even in bad times.
He also spoke of the new improved Resmed masks M30-1 and F30.
Above from memory E&OE. Decided at this point to find the video and post the link.
At face value positive for SPP as acquisitions additional revenue increases.
https://www.cnbc.com/video/2019/01/2...alth-care.html
Apologies as CNBC clips usually have an ad before they run ...