FPH - Fisher Paykel Healthcare.

[BIRMANBOY]

Has it settled enough for you?...I got in at 1.95 today. Buyers are starting to look a bit sparse so may have a way to drop yet however.

Managed to get out this morning without any damage. Not a good sign that the previously strong $2.10 - $2.12 support area has been broken. I don't think the fundamentals look too bad under $2.10 but the market doesn't think so at the moment. Might wait until the dust settles a bit...

[Hoop]

Managed to get out this morning without any damage. Not a good sign that the previously strong $2.10 - $2.12 support area has been broken. I don't think the fundamentals look too bad under $2.10 but the market doesn't think so at the moment. Might wait until the dust settles a bit...

Yes that is a significant strong support that broke. It would scare me out as well

Has it settled enough for you?...I got in at 1.95 today. Buyers are starting to look a bit sparse so may have a way to drop yet however.

Brought in ..huh?? Hmmm

The good news BB is that using TA with default indicators is useless its a big TA FAI (e.g see chart below)....The FA crowd will be cheering about that..eh.

Even the chart trendies can't even draw an reliable trendline (too many false breaks), there seems to be no clear pattern formations...even worse one can't seem to draw any meaningful S&R lines either (too many false breaks again)...except for two (see chart) and one happens to be the one you bought into at its break.
Where to from here from a TA point of view is anyones guess...thats why I have given up being in this share at any stage...it's just too hard.

Is there comfort in knowing that the smart money have bought in (OBV Twiggs ACC/DIST) ....not with FPH it seems

EDIT
A great overall picture is a downtrend is in progress..eh?

[BIRMANBOY]

Tell me it aint so!!! the reality doesnt match the chart? It must be annoying when that happens..sort of unsporting in a way. I find enough confusion as it is without letting excessive analysis make it worse. My hope is that it has a lot less distance to fall now than it has at any time in the last five years.

Yes that is a significant strong support that broke. It would scare me out as well



Brought in ..huh?? Hmmm

The good news BB is that using TA with default indicators is useless its a big TA FAI (e.g see chart below)....The FA crowd will be cheering about that..eh.

Even the chart trendies can't even draw an reliable trendline (too many false breaks), there seems to be no clear pattern formations...even worse one can't seem to draw any meaningful S&R lines either (too many false breaks again)...except for two (see chart) and one happens to be the one you bought into at its break.
Where to from here from a TA point of view is anyones guess...thats why I have given up being in this share at any stage...it's just too hard.

Is there comfort in knowing that the smart money have bought in (OBV Twiggs ACC/DIST) ....not with FPH it seems

EDIT
A great overall picture is a downtrend is in progress..eh?

[Zaphod]

Tell me it aint so!!! the reality doesnt match the chart? It must be annoying when that happens..sort of unsporting in a way. I find enough confusion as it is without letting excessive analysis make it worse. My hope is that it has a lot less distance to fall now than it has at any time in the last five years.

Well it's a lot closer to zero now, so the fall couldn’t be that great. It's a real pity that a company with such great products, growth in sales and overall potential, has been such a consistently poor SP performer for such a long (more than 5 years) period of time.

[BIRMANBOY]

Its returned 12 cents a year plus imputation credits for the last 3 years which at the current price of 1.94 means approx 6.2% yield...sounds good to me. Dont really care what the share price does as long as it keeps up the dividend returns. Sanity will return at some point. As you said underlying basics seem fine.

Well it's a lot closer to zero now, so the fall couldn’t be that great. It's a real pity that a company with such great products, growth in sales and overall potential, has been such a consistently poor SP performer for such a long (more than 5 years) period of time.

[Penfold]

I wonder if they would benefit from a buy back? Price got knocked around a lot on low turnover Jun to Dec last year. A modest buy back could have supported the share price and not scared the horses.

They should also perhaps stop issuing shares to staff every five minutes. The discount they offer them at would surely encourage staff to sell with little thought involved.

My patience is wearing thin on this one. Watched it go sideways for years... a company really not realising anything close to its potential.

[crighton100]

I wonder if they would benefit from a buy back? Price got knocked around a lot on low turnover Jun to Dec last year. A modest buy back could have supported the share price and not scared the horses.

They should also perhaps stop issuing shares to staff every five minutes. The discount they offer them at would surely encourage staff to sell with little thought involved.

My patience is wearing thin on this one. Watched it go sideways for years... a company really not realising anything close to its potential.

I would have thought the completion of its mexico plant would contribute more to the bottom line.Also wonder if the Obama Healthplan legal success today will be positive for the company.I just bought into FPH as a longterm investment with excellent dividend income prospects.Hope I am right!

[Jim]

I would have thought the completion of its mexico plant would contribute more to the bottom line.Also wonder if the Obama Healthplan legal success today will be positive for the company.I just bought into FPH as a longterm investment with excellent dividend income prospects.Hope I am right!

Is it a good long term hold now ??

[Halebop]

Is it a good long term hold now ??

In theory they are in a growth industry and sales have performed OK - rising from $290m in 2006 when they earned $70m after tax to $467m in 2012. Sales growth has been flat the last four years. Profits were $64m, $6m less than 6 years ago. On the plus side, return on assets and equity remain fairly high and debts are modest. But with sales static and profits subdued, its hard to call FPH a compelling purchase. At 16 times earnings, for a company that has not demonstrated profitable growth, they are not screaming "buy me".

My take is that they are cyclical currency play if the kiwi materially drops against major trading partners (particularly the greenback).

They could also be a takeover target - the register is fairly open and global medical equipment makers could perhaps extract economies.

Technically they look weak - you could have paid the same price back in 2003. Look for support around the current level or maybe $1.80 if that fails.

Disc: Don't hold

[biker]

Picking up these up at 1.87. Getting to be better value for upside and a reasonable divi meantime IMHO.