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30-06-2020, 11:51 AM
#1341
Wife told me this morning I had made a big mistake selling her FPH, shares,should have held onto them.
Really I said,where do you think the money came to buy your PAZ shares from?
So it really comes down to selling one great share to buy an even better one,on more modest ratios.
Not easy to do,however.
Last edited by percy; 30-06-2020 at 12:01 PM.
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30-06-2020, 12:00 PM
#1342
If it can grow earnings at around 30% consistently for the next 7 to 10 years, it be a pretty good investment now at a PE of just 60.
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30-06-2020, 12:21 PM
#1343
It might look expensive today, ( as it did 1 year ago today at $15.88) but will that look expensive 1 year from now?
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30-06-2020, 12:34 PM
#1344
![Quote](images/misc/quote_icon.png) Originally Posted by Snow Leopard
I am not sure where you get your 23% from?
That $147M of hedging reserve 'losses' had better not find it's way into the P&L !
from their own announcement in constant currency.
which figure is the bottom line ?
if they lost money in their dealing room it counts as a negative is they way I see it.
For clarity, nothing I say is advice....
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30-06-2020, 12:42 PM
#1345
"10 Semi-Controversial Traits Of Some Of The Best Stocks"
"Bottom Line
Don't let some of the traits that are universally considered as negative attributes for a stock prevent you from buying and holding some of the best-of-breed businesses available on the market."
https://seekingalpha.com/article/435...content=link-0
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30-06-2020, 02:39 PM
#1346
Member
![Quote](images/misc/quote_icon.png) Originally Posted by percy
Wife told me this morning I had made a big mistake selling her FPH, shares,should have held onto them.
Really I said,where do you think the money came to buy your PAZ shares from?
So it really comes down to selling one great share to buy an even better one,on more modest ratios.
Not easy to do,however.
made me laugh . Thanks for sharing
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30-06-2020, 08:16 PM
#1347
![Quote](images/misc/quote_icon.png) Originally Posted by iceman
Totally agree mate about it being very expensive right now and noted posters like yourself, peat and BP have made very vaiid valuation concerns that I agree with. You will note I did not say one should be buying it now. I said it should be a part of a long term portfolio. That is my belief and I hold it as such but the smallest NZ holding I have at only 3% of portfolio. Bought a long time ago and will be held for a long time to come yet, whatever interest rates and COVID do. Just like you and I are going to do with our PAZ shares :-)
Fair enough mate and kudos to you for taking a very long term approach. Congrats to all long term holders. https://www.goodreturns.co.nz/articl...or+30+Jun+2020
Last edited by Beagle; 30-06-2020 at 08:40 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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05-07-2020, 01:56 AM
#1348
Just another reason to keep good supplies in hospitals worldwide
https://www.cdc.gov/flu/spotlights/2...swine-flu.html
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09-07-2020, 04:18 PM
#1349
Shareprice $40 beckons .... then we can look forward to $50
Companies generating such high levels of excess profit over its cost of capital deserve prices like this
Paradox should do he reidual income modelling on FPH instead of tinkering around with OCA
”When investors are euphoric, they are incapable of recognising euphoria itself “
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10-07-2020, 06:57 AM
#1350
![Quote](images/misc/quote_icon.png) Originally Posted by winner69
Shareprice $40 beckons .... then we can look forward to $50
Companies generating such high levels of excess profit over its cost of capital deserve prices like this
Paradox should do he reidual income modelling on FPH instead of tinkering around with OCA
Yep the imagination sees what the eye can't see.
So this financial year what do we know & surmise?
That C 19 looks like its likely here to stay for this financial year
That they are keeping their customers happy by maintaining prices & not gouging
No effective control of Covid 19 by vaccine or cost effective treatment available this financial year?
Last year "Net profit after tax was $287.3 million, up 37% over the previous year, or 30% in constant
currency. Excluding the impact from tax changes, being the R&D tax credit and building tax
depreciation, net profit after tax grew 23% in constant currency."
I'll take a stab in the dark at 2021 to be around 25% up on 2020,$360 m net profit after tax
Ok PE still high at around 54
Last edited by kiora; 10-07-2020 at 06:59 AM.
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