You gotta wonder alright
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You gotta wonder alright
Suppose share price up 1.2% post announcement is pretty good (Wed close to today close)
Better than going backwards
FWIW Marketscreener activity last couple of days
of 8 analysts 5 unchanged and 3 upgrades to target
Average now $30.82 (was $29.99) and range $23.50 to $38.00 (was $22.65 to $37.00)
As usual for guru analysts consensus target price generally follows the share price - like consensus still less than back in Feb/April, a bit ike the share price ;)
Consensus is an interesting study - consensus is usually wrong and the more passionate people are about a subject the more likely consensus is wrong. Although consensus is a good thing it’s just that the world is far more complex and unpredictable than the consensus normally allows for, so be careful.
George Friedman good read on this, esp from an economics and geopolitical view.
How do FPH prospects look in light of the market panic over the new omicron variant?
They may sell a few more ventilators although I gather the market is fairly saturated. Possibly full covid wards will limited access to hospitals for other sales???
I checked ResMed share price and it was down slightly but appears to have regained that in post market so it’s about the same
New variant, great results, looks like Monday could be a nice day for F&P unless people start panicking then who knows
Markets including our tanked due to new variant worries but why FPH got sold ...no one knows ...is it just sell stocks or lack of thinking or depth of our markets ?
US and Europe were big downs but they had the intelligence to buy Pfizer and Moderna up 6.5% and 20% respectively as covid beneficiaries
Our brokers and advisors are more busy talking down FPH saying covid almost over so FPH revenues under threat ...seems more like conspiracy ...lol
FPH results beat market consensus big time , NZD at new lows of recent times , Bonds yields down big time , New Variant big concerns , Europe in severe covid wave , etc etc ...Still our brokers and analysts including media busy downplaying FPH stock
I am not very convinced that all being revealed at the moment about FPH is coming from real future fundamentals ...all seem have some hidden agenda too