Beat at rev line and NPAT vs consensus. More relevantly momentum in the topline is back m-o-m and suspect management were signalling thought 2H expectations light by mentioning typically 2H vs 1H skew.
Went touch early here catching the falling knife but now >10% in the money. Reckon will surprise again in 2H as shipping costs keep plummeting supporting GP returning to trend.
Once market realises we are going into a global recession / big nominal growth slowdown suspect structural growth like FPH has gets rewarded like was in 2017-2019 period (pre covid blowoff top). With massive acceleration of installed base provising strong support for consumable growth suspect this has fair bit more left in it.
FPH Price at posting:
$21.09 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)