New Zealand Stock to Gain Profit

In Present time investors choose New Zealand as a good place to invest money. The country has some interesting facts which attract the investors. It is ranked 20^th on the 2006 Human Development Index and the 15^th on The Economist’s 2005 world-wide quality-of-life index. The country is ranked the least corrupt on the Corruption Perceptions Index and 2^nd on the Global Peace Index. If you are seeking for profitable Best high yield dividend New Zealand stock you should focus on Windflow technology Limited (WTL). 

Profile

Windflow Technology Limited is a New Zealand-based wind turbine design and assembly company. Its business consists wind turbine manufacturing, engineering design research and development, production engineering, and wind farm development, operations and maintenance. The technology of the company includes Torque Limited Gearbox (TLG) and teeter-Control System (TCS). It has is operations at New Zealand and North America. It has two operating segments: Corporate Segment which is engaged in the development, manufacture and sale of wind turbines and spares for wind turbines. The Licensing Segment is engaged in deriving revenue from licensing agreements with other manufactures of wind turbines.

The company set up New Zealand Wind farms to own and run the Te Rere Hau Wind Farm near Palmerston North. Initially this was wholly owned but now has been completely sold off. The company supplied the wind turbines for this wind farm, and are also contracted to supply turbines for Mighty River Power’s proposed Long Gully Wind Farm.

History

The company was listed on the New Zealand Stock Exchange on 2 December 2003. In June 2005, the Windflow Technology Limited raises $3.3m by way of a further Rights Issue. In the same year an initial public offering by NZ Windfarms raises $4m followed by listing on the NZAX. The company’s stake is accordingly reduced from full ownership to a 43% shareholding. In October 2008, Mighty River power purchased a 19.95% share of Windflow technology. In October 2009 Long Gully wind farm receives consent for 25 Windflow 500 turbines, subject to appeals lodged with the Environment Court.

In August 2010 the company signed UK Distributor Agreement with Ventus Green Energy to maximize the wind energy opportunities for 500 KW turbines under the UK government’s feed tariff scheme. In the month of September the company received IEC Type Approval Certificate from Lloyd’s Register.

Company’ structure 

Windflow Technology Limited collects nacelles in its factory in Christchurch. The components are supplied from all over New Zealand. 90% of the components are kiwi-made. The company owns the subsidiary: Wind Blades Ltd which is based in Auckland, New Zealand. Wind Blades manufacture tooling and supply volume production for the Windflow 500 rotor blades, and a wide range of composite products for other customers.

Announcements

On 17 January 2013, New Zealand and wind turbine designer and manufacturer, Windflow Technology Ltd, announced that it had received its first royalty payment from US-based licensee general Dynamics SARCOM Technologies.

In February 2013 the company installed a 500 kW turbine on the windy island of Orkney, its first exported turbine which expected to generate over GBP350, 000 per year. In July 2013 the company has appointed grant Thornton as their external auditors, effective immediately for the year ended 30 June 2013.

Dividend 

On July 10, 2013 the Windflow Technology Ltd announced that the Board of Directors has resolved to pay the first dividend on the Company’s preference shares. These share which are unlisted, were issued in March this year pursuant to the Company’s February rights issue prospectus. The dividend was paid to the holders of preference shares recorded on the register on the record date of June 28, 2013. The total dividend payment was $125,545.68.

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New Zealand Stock Offering Good Dividends

Fisher & Paykel Healthcare Corp Ltd 

Overview

The company is a New Zealand-based designer, manufacturer and a marketer of products and systems for use in respiratory care, acute care and the treatment of obstructive sleep apnea. These products and systems are sold in around 120 countries worldwide. Its segments include North America, Europe, Asia-Pacific and New Zealand. In homecare the company is developing its range of devices with completion of the worldwide introduction of both its F&P ICON flow generator range for the treatment of obstructive sleep apnea, the introduction of its F&P Pilairo nasal pillows mask and development of the second generation AIRVO2 humidity therapy device.

The company entered the respiratory care market in 1971 with the development of a unique respiratory humidifier system for use in critical care. It sells its products through direct sales offices operations in most of its major markets and a network of distributors that sell to hospitals, homecare providers and other manufacturers of medical devices.

History

In 1934 the Fisher & Paykel started its business as an importer of refrigerators, washing machines and radios. In the year of 1938 it signed an agreement with Kelvintor and in middle 1950 moved to manufacturing products using the company’s own technology. The healthcare involvement started in the late 1960s. At that time F&P sought involvement in a business that could benefit from their growing manufacturing and electronic expertise. There is a prototype respiratory humidifier, developed in the country for use with patients needing ventilation in hospital intensive care situations, was taken to production by F&P.

Since the company has consistently developed innovations to improve patient care and developed world-wide distribution for the products. On November 2001, as part of reorganization, Fisher & Paykel Industries Limited was renamed as Fisher & Paykel Healthcare Corporation Limited and a new company, Fisher & Paykel Appliances Holdings Limited, was established to own F&P’s appliances and finance business. 

Announcements

On May 23, 2013 the F&P Healthcare rose 2.6 percent to NZ$3.11, its highest since May 2011. Earlier, the company reported a 20% rise in profit to NZ$77.1 million in the year to March, exceeding company and market forecasts for NZ$75 million, and forecast profits around NZ$85 million-NZ$90 million for 2014.

On August 27, 2013 the company which makes patient warmers and products to tret breathing disorders, forecast a profit of NZ$90 million to NZ$95 million ($70.3 million to $74.2 million) for the year ended March 31, based on an exchange rate of $0.8000. it had previously forecast a profit range of NZ$85 million to NZ$90 million.

Dividend History

The Fisher & Paykel Healthcare Corp Ltd currently has a market capitalization of 1.99 Billion, EPS is 0.14, P/E ratio is 26.72 and the dividend yield is 3.37% at the annual dividend payout of 0.07.

Conclusion

The company is currently one of the best leading New Zealand dividend stocks which are performing well from past five years. Its consistent growth strategy is to provide an expanding range of innovative medical devices which can help to improve care and outcomes for patients in an increasing range of applications.

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