Bet it doesn’t, bet it's in the health downtrend.
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Bet it doesn’t, bet it's in the health downtrend.
Flip a coin with FPH.. Just depends on which whale is buying or selling. Could be up 2-4% or down 2-4%.
Or could do what it did the other day and go down 4% only to finish up 4% :confused:
Either way looks like $28 might hold.
Jumped on board at $27.55 the other day.
I was reading today in a book about the prospect of a future/current "depression" after covid in the USA and never realised that ventilators are causing more deaths in covid due to patients needing more oxygen delivering devices and not an extra lung to combat the respiratory impact.
Knowing that FPH doesn't make ventilators but ventilation, humidifiers and respiratory masks that help with soft breathing makes me feel more positive about my investment, all eyes on the 31st of March.
Close over 29.71 will confirm that short term trend has reversed ....
LTH no need worry at all as its bluest chip of NZX ..." Time in the market will decide returns here not timing " in 3-5 years time current SP will be immaterial like 3-5 years back prices now look so far away !!
:t_up:
As we all know Covid hospitalisations effect FPH revenues in a big way so I did a fact check on whats going on that side ...
Appox total covid patients in hospitals on 1st Oct 2020 = 60000
On 7th Jan peaked at 290000
latest on 6th March = 135000
So its still double of 1st Oct numbers but coming down fast as lock downs and other preventive measures used extensively . Vaccines will start having effect little later maybe another 3-6 months as numbers of vaccinated people go significantly higher
Biggest contribution is of USA , UK , France &Italy and now Poland and many others smaller countries rising up as bigger countries going down
Though numbers are down big time from Jan peak but still well north of 100K Covid patients
If we keep track of this numbers we will know positive effect of vaccines in real time
Source covid-hospitalizations
Conclusion from FPH point of view ....Covid may directly help its revenues in FY 22 also unlike markets perceptions ...Indirect effects and other lasting positives will last forever in future so good prospects of it getting rerated upwards sooner then latter
This is not over yet...
https://www.zerohedge.com/covid-19/c...cination-rates