As a long term investment it's looking pretty darn solid. With ageing populations all around the world, healthcare is projected to easily be one of the fastest growing industries in the world between 2021 & 2029.
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You are right and this has happened to me. First buy at $31 then topped up at $35. Then have watched it slide ever since and thinking wtf..
At least it's a good company like you say and one can DCA if it drops further. Not like it's not going to be worth $100 one day.
Yesterday FPH went big down and closed at lowest point in 8 months ...Volumes were also big so seems its correcting to more attractive levels in the short term
Hopefully it will stay over $ 30 and some big players will also find it very attractive long term buy at these levels ...Forward p/e is around 36-38 depending upon whose FY 22 eps we use . Market p/e is at historic high levels almost double of normal and FPH is at very attractive levels vis a vis rest of the market
IMHO great time to add and hopefully it will turn around sooner then we think :D
Jeez went below 30 bucks ....but on way back again
It was only a few weeks ago, profits up 76% or so, from the same quarter the year before. US$ hadn’t seemed to worry anyone before, it’s been .71 for a while. The dollar will effect them but profits are way up. It going to take a long time to vaccinate everyone. I’m sure they’ll be back to 35-36 by June
Last update.....
we have no basis on which to provide formal guidance to results for the full
2021 financial year.
There is significant variability on a month-to-month basis for both our
Hospital hardware and consumables revenue. The revenue assumptions provided
on 25 November for Hospital hardware sales and usage for FY2021 are now
outdated. The company currently expects revenue and net profit after tax for
the 2021 financial year to be higher than implied by those previous
assumptions.
I don’t imagine there is an update coming up. There was one 21 Feb last year, maybe that is why people are worried?