Personally, I wouldn't take investment advice from the Greens.
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Passion comes from what I saw it doing for me ...holder since 2010 ...$ 2.42 was my buy ....so I know the power of holding a long term winner ...Yes many people wrote it off when in late 2018 patent infringement case was filed against it by Res Med ...it dropped almost 40% in 3 months ...but had spectacular 2019 and 2020 ...similarly its going thru consolidation period after tremendous run ...just needs more patience ...U need to believe in company and its management to grow ...eventually SP will follow EPS growth . Rates and many other stuff came from 2010 to 2022 ...its still done wonderfully for me 2.42 to 30 in less then 12 years so why stop believing in it ...just because Greens want property prices down ...lol
Since when u started making financial decisions based on politicians talks and dreams ...:p
I started when I heard Deng Xiaoping say
" to be rich is glorious ".
Sam Dickie bats\bets on FPH :)
https://www.stuff.co.nz/business/127...he-outlook-now
Seen quite a lot or media articles lately from the Fisher funds investment team, far more than I can recall ever seeing previously. The only logical explanation for this is they must be worried about investment funds outflow since they lost their Kiwisaver default status in December 2021 and the market underperformance of all their funds in recent months. Heard a lot from their chief investment officer Ashley Gardyne, now Sam Dickie. Must be Robbie Urquhart's turn next. (Barramundi senior portfolio manager).
There is huge analyst coverage of this, N.Z.'s largest stock by market capitalisation. Ten analysts covering it. FPH a great company but priced on 44.5 times FY23's average analyst forecast earnings. https://www.marketscreener.com/quote...30/financials/
FPH in their actuals HY results have done a NP of $ 222 Mil ...ie is almost 40 Cents done ...also their CEO has said we will do better then this in next 6 months ...say 42 Cents ...just better to amuse some people here ...that makes it 82 Cents EPS ...almost worst case ...How it becomes 44.5 at SP of $ 29.50 fails me ...!! Maybe I need maths lessons again ...lol
Analysts of market screener incudes Morningstar who has a strong sell on almost all growth stocks of NZ ...also they have a buy for PPH ...how many are buying PPH ....people should not quote analysts valuations selectively ....OCA was big buy with average target of over 1.71 ....I rest my case ...:p