FPH - Fisher Paykel Healthcare.

**winner69** · 27-11-2019, 08:33 AM

Half year profit up 24% on pcp

Share price should closer to 30 bucks on the back of that

http://nzx-prod-s7fsd7f98s.s3-websit...963/312790.pdf

**kiora** · 27-11-2019, 08:43 AM

Originally Posted by winner69

Half year profit up 24% on pcp

Share price should closer to 30 bucks on the back of that

http://nzx-prod-s7fsd7f98s.s3-websit...963/312790.pdf

Eva's a winner & a griner

**Joshuatree** · 27-11-2019, 11:00 AM

Decline in sleep apnoea masks ( a new trend?) offset by the extended flu season

"In the Hospital product group, which includes humidification products used in
respiratory, acute and surgical care, operating revenue increased 19% to a
record $353.6 million. This represented 17% growth in constant currency,
during an extended flu season in the United States. Products in the Hospital
group made up 62% of the company's operating revenue.

HALFYR: FPH: Strong Half Year Result for Fisher & Paykel Healthcare

**Joshuatree** · 29-11-2019, 12:10 PM

My brokers research FPH OSA sleep apnoea masks may be wound down to zero in 5 years. Hospital growth for masks a healthy growth replacement. Have to review whether its time for me to sell the last of my FPH shares with the run in s/p. Santa rally to higher multiples then peers.Currently 39 and forward PE est of re 45.

**Biscuit** · 29-11-2019, 01:36 PM

Originally Posted by Joshuatree

..... Have to review whether its time for me to sell the last of my FPH shares with the run in s/p. ....

past experience selling down, suggests you would end up wishing you hadn't, but maybe this time.

**Onion** · 29-11-2019, 01:53 PM

Originally Posted by Biscuit

past experience selling down, suggests you would end up wishing you hadn't, but maybe this time.

Use some "science".

Look at the SP graph the last 5 years (take your glasses off 'cos you don't want the detail messing things up).

Odd number years -- SP gain
Even number years -- flat for the year

... so next year will be flat!

**Onion** · 29-11-2019, 01:55 PM

Originally Posted by Joshuatree

My brokers research FPH OSA sleep apnoea masks may be wound down to zero in 5 years. Hospital growth for masks a healthy growth replacement. Have to review whether its time for me to sell the last of my FPH shares with the run in s/p. Santa rally to higher multiples then peers.Currently 39 and forward PE est of re 45.

FPH spend a generous amount on R&D. Hopefully that positions them well to have new products replacing old if they start to wane.

**mondograss** · 29-11-2019, 02:19 PM

Originally Posted by Onion

FPH spend a generous amount on R&D. Hopefully that positions them well to have new products replacing old if they start to wane.

They have a substantial patent portfolio as well which will likely flow through. In actual fact if you look at P20 of the Investor Presentation you'll see the gain\flat\gain\flat pattern you're talking about.

**Joshuatree** · 29-11-2019, 02:21 PM

Originally Posted by Biscuit

past experience selling down, suggests you would end up wishing you hadn't, but maybe this time.

Absolutely true. My average entry was $3 according to my craigs info. Want to spread some more dough around into something else with more yield as well. Sold a third , keeping my RMD atpit as i see more growth there and my early stage OVN , potentially HUGE growth but early riskier days for this runt.