FPH - Fisher Paykel Healthcare.

[alokdhir]

W69 ...Long time back u told us about your friend who do work for FPH ...He was the first one who flagged that his work load from FPH has gone down significantly .

Now whats his view ? R they doing better then pre pandemic or worse at present ?

I fully understand FPH's given reasons for low revenues at present ...but in hindsight I think his level of work from them will be the best leading indicator of FPH's change of fortunes

So if u still in touch then try to get a update from him for us mate !!!

[winner69]

W69 ...Long time back u told us about your friend who do work for FPH ...He was the first one who flagged that his work load from FPH has gone down significantly .

Now whats his view ? R they doing better then pre pandemic or worse at present ?

I fully understand FPH's given reasons for low revenues at present ...but in hindsight I think his level of work from them will be the best leading indicator of FPH's change of fortunes

So if u still in touch then try to get a update from him for us mate !!!

About a year ago that was -- wasn't a friend but some guy talking on the radio. In hindsight it was good intelligence eh .... but can't provide an update


Talking of updates I wonder what what that guy Josh who does videos thinks of FPH prospects now

[alokdhir]

About a year ago that was -- wasn't a friend but some guy talking on the radio. In hindsight it was good intelligence eh .... but can't provide an update


Talking of updates I wonder what what that guy Josh who does videos thinks of FPH prospects now

He also like analysts keep changing his mind in hindsight ....lol

[winner69]

Geraldine is keeping the faith .... even though she's left as a Director

McBride said she would be holding onto her FPH shares (she holds just 1262 shares out of 577-odd million on issue) because she believed the company would continue to make “long-term sustainable growth”.

https://www.nbr.co.nz/investment/out...s-undervalued/
prob paywalled

[dobby41]

Geraldine is keeping the faith .... even though she's left as a Director

McBride said she would be holding onto her FPH shares (she holds just 1262 shares out of 577-odd million on issue) because she believed the company would continue to make “long-term sustainable growth”.

https://www.nbr.co.nz/investment/out...s-undervalued/
prob paywalled

If it was that undervalued you'd think she would buy more than a 'rounding error' of shares.
1262 - bit of a joke.

[winner69]

Tim Hunter in NBR

The madness of crowds
Expectations of the gains from Covid for Fisher & Paykel were bullish, until they weren’t.

https://www.nbr.co.nz/hunters-corner...ess-of-crowds/
prob paywalled .... as they will say take out a sub

From our vantage point in what was once the future, we can see the market miscalculated F&P Healthcare’s performance by billions of dollars, which is a lot.

The result for some investors was probably costly, so it’s worth looking back to see what we can learn.

[winner69]

hey alokdhir - looks like fph related exports were down in July ...just looking at Stats NZ merchandise data

What's your read ....no doubt impact included in the recent announcement

Inote marketscreener has analysts forecasting FY23 sales at $1.417m - 3% lower than last week and profit forecast down to $195m ... and they seem to be winding back F24 and F25 forecasts quite a lot.

Wow F23 analyst forecast profit $195m is about the same they made in F18 - must have some bugs in their spreadsheets

[alokdhir]

hey alokdhir - looks like fph related exports were down in July ...just looking at Stats NZ merchandise data

What's your read ....no doubt impact included in the recent announcement

Inote marketscreener has analysts forecasting FY23 sales at $1.417m - 3% lower than last week and profit forecast down to $195m ... and they seem to be winding back F24 and F25 forecasts quite a lot.

Wow F23 analyst forecast profit $195m is about the same they made in F18 - must have some bugs in their spreadsheets

July data is similar ....nothing flash but small improvement over last months ...will estimate as $ 125 Mil revenue

FPH is going thru its normalising process and it will take its normal time ....on top of that general financial markets are in bad shape due to hyper inflation so in the short term nothing to look forward to

But as market went overly bullish with SP and forecasts in 2020 ...now they will do the same on downside ...nothing new as thats how markets work in short term

But seeing the quality of the company and its products ...it will come back ...surely will take time but SP will grow over the years ...lol

At least they not doing equity raising and ambushing retail investors ....lol

[winner69]

A2 made a big deal of talking about their high operational cash conversion of 114% the other day

Superior than FPH manage ..... something that's always surprised me with FPH is their relatively poor record of converting profits into cash

[alokdhir]

After seeing the exports trends from last four months ...all four months look very similar but with July being marginally the best

97 M , 92M , 95 M and 99 M ....last four months NZ exports data ...if this is their worst ( Hopefully ) then we should see uptick ahead to forecast better times

Also their first half margins are always lower then second half margins for reasons unknown to me ....last 8 years trends show that clearly ...maybe Northern hemisphere winter works better for them or they book some fixed costs ahead or ....