Market looks happy so all good.
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Market looks happy so all good.
" Fisher & Paykel, as the index’s biggest stock, was responsible for the bulk of this gain as it climbed 4.9% to $33.78 with 1.1m shares traded.
Investors had been expecting the exporter to report significantly lower revenue as pandemic-related sales subsided, however, income only dropped 1% as sales held up better than expected.
Head of private wealth research at Craigs Investment Partners, Mark Lister said the result was ahead of market expectations, with some analysts being too cautious with their numbers.
“When we wake up tomorrow, analysts will have beefed up their numbers and gotten a little more positive about the stock,” he said.
More action to come tomorrow :t_up:
" Greg Main, Jarden Wealth Management adviser, said Fisher and Paykel's solid result brought a better tone to the market – the big stocks always help sentiment and the interest rate-sensitive shares even had a bounce-back.
"Fisher and Paykel was always going to be a difficult one as it had such big demand for its hospital hardware equipment when the Covid pandemic hit. But its sales are still on the upside, they have made some cost savings, and analysts may have misread the forecast a bit. And the fact they are spending money on development is a positive medium-term signal," Main said. "
"
Share price hit 34.55 yesterday
Will get there early on today before pushing on over 35 bucks
No worries ….jeez even couta and BlackPeter on same page
What a stunning result yesterday and a very exciting growth plan ahead for holders and NZ in general, with the developments here in NZ. As said several times on this thread, the exposure FPH's equipment has had all around the World due to COVID, has made it a much better known brand & equipment by both medical professionals and healthcare management. That will continue to drive growth.
A great result for a great company. Should be in everyone’s long term portfolio. Not a bargain at current price more fair value in my opinion.
Another positive year in 2022.
I think we will start to see people being hit a second time as natural immunity wanes for the unvaccinated.