Factories are based in Mexico and NZ....Ninety nine percent of sales are from outside NZ...
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Factories are based in Mexico and NZ....Ninety nine percent of sales are from outside NZ...
As long as the quality of the manufactured product can be maintained, then it would make sense to have all FPH manufacturing in lower cost centres, with NZ remaining the centre for design and the company HQ.
Yes FAB result;almost predictable consistency; S/P up re 6% .My other in this pair RMD rerating back up too.Awesome sector to be in.
The result proves the company's commitment to research has been worth while.
With more new products, and expanding markets the future looks very bright.
I am proud to have shares in a company whose product improves,and often saves peoples' lives.
Nice to see $7
Crazy stuff. If everything goes well and they stay on this trajectory, they will double their business in the next 5 years. If this is achieved, their earnings in 5 years time will be 41c and that will be a PE of 17.3.
I think this is a sign of the times in trying to find quality businesses on the NZX - FPH does offer a natural currency hedge so maybe thats what is driving this. If you look beyond NZX, there are plenty of better options which also offer currency protection.
Hi Nasi Goreng; If youre willing ; could you please list a few of these better options which also offer currency protection; for us to have a look at/research; Id/we'd be most int. No prob if not. Cheers JT