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  1. #1341
    percy
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    Wife told me this morning I had made a big mistake selling her FPH, shares,should have held onto them.
    Really I said,where do you think the money came to buy your PAZ shares from?
    So it really comes down to selling one great share to buy an even better one,on more modest ratios.
    Not easy to do,however.
    Last edited by percy; 30-06-2020 at 11:01 AM.

  2. #1342
    Senior Member
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    If it can grow earnings at around 30% consistently for the next 7 to 10 years, it be a pretty good investment now at a PE of just 60.

  3. #1343
    Advanced Member
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    It might look expensive today, ( as it did 1 year ago today at $15.88) but will that look expensive 1 year from now?

  4. #1344
    Legend peat's Avatar
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    Quote Originally Posted by Snow Leopard View Post
    I am not sure where you get your 23% from?

    That $147M of hedging reserve 'losses' had better not find it's way into the P&L !
    from their own announcement in constant currency.

    which figure is the bottom line ?

    if they lost money in their dealing room it counts as a negative is they way I see it.
    For clarity, nothing I say is advice....

  5. #1345
    Guru
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    "10 Semi-Controversial Traits Of Some Of The Best Stocks"
    "Bottom Line
    Don't let some of the traits that are universally considered as negative attributes for a stock prevent you from buying and holding some of the best-of-breed businesses available on the market."
    https://seekingalpha.com/article/435...content=link-0

  6. #1346
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    Quote Originally Posted by percy View Post
    Wife told me this morning I had made a big mistake selling her FPH, shares,should have held onto them.
    Really I said,where do you think the money came to buy your PAZ shares from?
    So it really comes down to selling one great share to buy an even better one,on more modest ratios.
    Not easy to do,however.
    made me laugh . Thanks for sharing

  7. #1347
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by iceman View Post
    Totally agree mate about it being very expensive right now and noted posters like yourself, peat and BP have made very vaiid valuation concerns that I agree with. You will note I did not say one should be buying it now. I said it should be a part of a long term portfolio. That is my belief and I hold it as such but the smallest NZ holding I have at only 3% of portfolio. Bought a long time ago and will be held for a long time to come yet, whatever interest rates and COVID do. Just like you and I are going to do with our PAZ shares :-)
    Fair enough mate and kudos to you for taking a very long term approach. Congrats to all long term holders. https://www.goodreturns.co.nz/articl...or+30+Jun+2020
    Last edited by Beagle; 30-06-2020 at 07:40 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  8. #1348
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    Just another reason to keep good supplies in hospitals worldwide
    https://www.cdc.gov/flu/spotlights/2...swine-flu.html

  9. #1349
    Speedy Az winner69's Avatar
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    Shareprice $40 beckons .... then we can look forward to $50

    Companies generating such high levels of excess profit over its cost of capital deserve prices like this

    Paradox should do he reidual income modelling on FPH instead of tinkering around with OCA
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #1350
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    Quote Originally Posted by winner69 View Post
    Shareprice $40 beckons .... then we can look forward to $50

    Companies generating such high levels of excess profit over its cost of capital deserve prices like this

    Paradox should do he reidual income modelling on FPH instead of tinkering around with OCA
    Yep the imagination sees what the eye can't see.
    So this financial year what do we know & surmise?
    That C 19 looks like its likely here to stay for this financial year
    That they are keeping their customers happy by maintaining prices & not gouging
    No effective control of Covid 19 by vaccine or cost effective treatment available this financial year?
    Last year "Net profit after tax was $287.3 million, up 37% over the previous year, or 30% in constant
    currency. Excluding the impact from tax changes, being the R&D tax credit and building tax
    depreciation, net profit after tax grew 23% in constant currency."
    I'll take a stab in the dark at 2021 to be around 25% up on 2020,$360 m net profit after tax
    Ok PE still high at around 54
    Last edited by kiora; 10-07-2020 at 05:59 AM.

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