Sky TV up on Judith Collins getting rolled. Hopefully national puts forward a credible candidate to fight socialism in Aotearoa. Maybe Simon Bridges or J̶o̶h̶n̶n̶y̶ ̶S̶i̶n̶s̶ Chris Luxon.
Printable View
Sky TV up on Judith Collins getting rolled. Hopefully national puts forward a credible candidate to fight socialism in Aotearoa. Maybe Simon Bridges or J̶o̶h̶n̶n̶y̶ ̶S̶i̶n̶s̶ Chris Luxon.
Okay, this is speculation but consider this FPH are going to invest 700 million in land and buildings. Pure speculation but someone with knowledge of FPH may know if the SKY site would be suitable
News Release
STOCKEXCHANGELISTINGS:NEWZEALAND(FPH),AUSTRALIA(FPH)
Fisher & Paykel Healthcareannounces result for the first half of the 2022 financial year
Auckland, New Zealand, 25November2021–Fisher & Paykel Healthcare Corporation Limited
today announced its results for thefirst half of the 2022 financial year.
For the six months ended 30 September 2021, total operating revenue was $900 million. This was a
1% decline from the same period in the previous financial year,ora 2% increase in constant
currency. Net profit after tax for the first half was$222million, a2% decline fromthe prior
comparable period, or a 1% decline in constant currency.
Managing Director and CEO Lewis Gradon said, “For nearly two years now, our customers have
been working selflessly to care for patientsduring a pandemic. Our people and our suppliers have
also been working under demanding circumstances, and we are grateful for their relentless
commitment.
“As you may recall, the first half of the last financial year was a period of extraordinary demand
during the initial surges of COVID-19. Our financial results in the first half of the 2022 financial year
have continued to be very strong,” Mr Gradon continued.
In the Hospital product group, which includes humidification products used in respiratory, acute and
surgical care, revenue for the first half was $670million, adecline of2% from thefirst half of the
2021financial year, or an increase of 1% in constant currency.Hospital consumables grew 8% in
constant currency, and of total Hospital product group revenue, 67% was from the sale of
consumables and 33% was from the sale of hardware.
In theHomecare product group, which includes products used in the treatment of obstructive sleep
apnea (OSA) and respiratory support in the home, revenue was $227million, a0.3%increase over
the prior comparable period, or 3%in constant currency.
Gross margin was 63.1%, up 135 basis points or 53basis points in constant currency compared to
the first half of the 2021 financial year.Elevated freight costs and air freight utilisation continued but
were lower thanthe same period last year, impactinggross margin by approximately 190 basis points
compared to pre-COVID-19 levels.
The company’s directors have approved an interim dividend of 17 cents per ordinary share. The
interim dividend, carrying full New Zealand imputation credit, will be paid on 15 December 2021 with
a record date of 3 December 2021.
The company also announced that over the next five years it expects to invest approximately
$700 millionin land and buildings. This includes a fifth buildingcompletingits Auckland campus
and acquiring land for a second New Zealand campus.
My biggest fear in life is placing an order for Skellerup (SKL) when it pops well below six bucks a share and accidently typing SKT on the purchase order instead.
Jest aside, I totally understand why Ogg, MistaT, & many others are so frustrated. As they have been able to articulate a clear gameplan to build shareholder wealth much more competently than management have been able to, let alone execute on. And its not even a hard plan! Its easy to visualise the building blocks, the logical counterparties, the catalysts and outcomes from it all. I've been tempted to purchase on a few occasions but the performance from the Board and management is at a level less than dire. The good news there is a business there, that seems to be turning away from the iceberg & sailing towards port, and a clear plan on what to do from here. Even the thick headed powers that be might get it at some point, a bit of shareholder value destruction in the interim aside. Good luck to you holders. You brave, brave holders. You lot do deserve a reward, and I hope it comes to you.
Oggs connecting the dots make sense to me. It's been delisted from colliers and all that - off the market - no chit chat - doesn't all that imply its under a conditional sale and purchase agreement? OCA not interested/capable of doing a conditional sale and purchase agreement?
These agreements (even when highly likely to finalize) are highly conditional agreements. In addition to due diligence clauses, there will potentially be a confidentiality clause aswell, as this is a commercially sensitive matter (the parties will both be well represented). We won't get an update on the sale until it's unconditional.
Depends on the sale process, a S&P agreement can be rather tight around conditions.
One of the sale process of a huge piece of dirt in Flat Bush Auckland was conditional only on Council's confirmation of the sub-division plan. All other conditions (due diligence, finance etc) were considered satisfied when the final two bidders were invited to put in their final bid.
I'm just saying that it is a easily defendable position for SKT to not disclose updates on the sale of the property based on the confidentiality clause that is likely to be in the agreement and the conditional basis of the agreement.
My understanding is that they don't need 34A to proceed with a development, however, it will be abit more expensive (for the developer). There are rules around withholding consent when it is unreasonable to not provide consent.
You gotta be kidding me!
https://www.directbroking.co.nz/dire...spx?id=5876464
Announcing strengthened leadership team , would have been the right moment to mention Pooman leaving the country right???
Sick of this board.
Ogg you’re so positive today!
I got the impression from today’s “Investor newsletter” that dividends or share buybacks are off the table.
Share price hasn’t budged today on this update.Quote:
The Board is committed to recycling capital to reinvest in areas of the business that create the most value for our customers and, ultimately, our shareholders.
If that’s the case, I’m very interested to hear about their plans to deploy the prodigious FCF Sky is generating. Even more so after the funds from the property sale come in
Time to chill out and wait for Decembers announcements. Seems like the board have got the message...