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23-05-2014, 09:39 AM
#341
Does forecast revenue growth 2.7% seem conservative?
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23-05-2014, 09:45 AM
#342
Member
Originally Posted by Microsloth
FPH delivers record full year result, net profit up 26%
26% growth in net profit after tax to a record NZ$97.1 million, 46% growth in constant currency.
12% growth in operating revenue to a record NZ$623.4 million, 13% growth in constant currency.
Double digit operating revenue growth in both of the companys major product groups Respiratory and acute care (RAC) 14%, Obstructive Sleep Apnea (OSA) 15% in constant currency.
New RAC applications consumables revenue outside of invasive ventilation grew particularly strongly at 29% in constant currency.
Strong performance from new OSA masks, Eson, Pilairo Q and Simplus, drove mask operating revenue growth of 23% in constant currency.
Gross margin improvement of 327 basis points for the full year, 393 bps in constant currency.
Fully imputed final dividend of 7.0 cps.
Investment in R&D increased by 18% to NZ$54.1 million, representing 8.7% of operating revenue.
Great result!
Disc: happy holder.
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23-05-2014, 10:03 AM
#343
Member
Though apparently the market doesn't feel quite the same way...
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23-05-2014, 11:58 AM
#344
Headwinds on currency with forward cover running out but otherwise excellent OMHO
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24-05-2014, 12:28 PM
#345
Originally Posted by Roberto
Though apparently the market doesn't feel quite the same way...
great company and lots of potential but still feels somewhat dear at current P/E and predicted growth rates ... though could be a great buy if you expect the NZD to drop (some analysts say it will, but I am not sure about that).
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24-05-2014, 08:22 PM
#346
Holding from low $2's . Its in a huge growth industry, people are getting fatter faster esp americans and when they get fatter sleep apnoea arrives. Holding Resmed too.
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26-05-2014, 11:16 AM
#347
Craigs have a 1 year target of $4.91. Good bounce off 50DMA on big vol up 7c to $4.30 at pit.
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26-05-2014, 05:00 PM
#348
Member
Originally Posted by Joshuatree
Craigs have a 1 year target of $4.91. Good bounce off 50DMA on big vol up 7c to $4.30 at pit.
FPH could be a takeover target ??
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26-05-2014, 05:38 PM
#349
Originally Posted by Jim
FPH could be a takeover target ??
That's what I'm picking will eventually happen. Along with an excellent product & organisational reputation, FPH have a portfolio of patents that are ripe for the plucking.
I was on a flight back from SFO once with a sales person who worked for one of the US-based competitors. Speaking off-record, she said their business was VERY impressed with the FPH products even though their own company had a much greater market share.
There is some turbulence ahead with the currency hedging so unless something like this occurs, I suspect the SP will stagnate or decline for a while.
DISC: Now sold 50% of my holding.
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26-05-2014, 06:35 PM
#350
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