Forum Archive Index - August 2001
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[sharechat] Fisher and Paykel Splitup
|
From: |
"Philip Robinson" <pcr@ihug.co.nz> |
|
Date: |
Sun, 26 Aug 2001 12:33:33 +1200 |
Title: Message
Numbers:
| Healthcare |
1999A |
2000A |
2001A |
2002F |
| Depreciation |
|
3,327 |
4,603 |
|
| Cap. Ex. |
|
5,000 |
7,200 |
7,900 |
| Revenue |
118,649 |
143,822 |
192,843 |
|
| Revenue Growth |
|
21.2% |
34.1% |
|
| Trading Profit |
|
49,990 |
80,044 |
|
| Profit Growth |
|
|
60.1% |
|
|
|
|
|
|
| Appliances |
1999A |
2000A |
2001A |
2002F |
| Depreciation |
|
41,774 |
42,344 |
|
| Cap. Ex. |
|
30,600 |
30,600 |
25,200 |
| Revenue |
529,487 |
624,820 |
692,669 |
|
| Revenue Growth |
|
18.0% |
10.9% |
|
| Trading Profit |
|
36,031 |
44,020 |
|
| Profit Growth |
|
|
22.2% |
|
|
|
|
|
|
| Finance |
1999A |
2000A |
2001A |
2002F |
| Depreciation |
|
1,362 |
2,138 |
|
| Cap. Ex. |
|
3,000 |
2,000 |
2,800 |
| Revenue |
|
33,617 |
37,313 |
|
| Revenue Growth |
|
|
11.0% |
|
| Trading Profit |
|
6,772 |
6,262 |
|
| Profit Growth |
|
|
-7.5% |
|
One has to ask when
you get given something free whether you want to keep it or not, just like those
in FLC choose to keep or turf Rubicon, FAP holders will have to decide what to
keep and what to sell. From my reading the Healthcare division is a Keep, but
what about the appliances and whiteware division?
Healthcare
Profit/Revenue (2000) 34.8% (2001) 41.5%
Appliance
Profit/Revenue (2000) 5.8% (2001) 6.4%
Finance
Profit/Revenue (2000) 20.1% (2001) 16.8%
Looking good really,
the trends are all up except Finance which had a bad year. Although Appliances
has a low margin, Low ROA business they are still doing well, with the
dishdrawer and everything in the States. I think I will be holding my
Appliances/Finance Shares in the short term.
disc: Have FAP
obviously
See IRG research reports
