FBU Chart.

[winner69]

Bugger again ..... but entirely expected

And finally that Adamson has got 'fired'

I think everybody is disappointed Sir Ralph -


Fletcher Building Chairman Sir Ralph Norris said: “It is very disappointing to see further losses being reported in our B+I business, particularly when the vast majority of the remaining Fletcher Building business units have performed so well during the year. I know our people in B+I are working incredibly hard to deliver a number of projects for our clients and I would like to acknowledge their efforts.”

https://www.nzx.com/companies/FBU/announcements/304262

[winner69]

No need fora new CEO - esp one being paid an indecent number of zillions like Adamson

Ralph needs to start executing the break up plan

Sum of bits worth more than the parts

[bull....]

Bugger again ..... but entirely expected

And finally that Adamson has got 'fired'

I think everybody is disappointed Sir Ralph -


Fletcher Building Chairman Sir Ralph Norris said: “It is very disappointing to see further losses being reported in our B+I business, particularly when the vast majority of the remaining Fletcher Building business units have performed so well during the year. I know our people in B+I are working incredibly hard to deliver a number of projects for our clients and I would like to acknowledge their efforts.”

https://www.nzx.com/companies/FBU/announcements/304262

not surprised either, the company has been badly run for a while.

New CEO might even find more stuff to write down so may not be the end of it yet.

[sb9]

No need fora new CEO - esp one being paid an indecent number of zillions like Adamson

Ralph needs to start executing the break up plan

Sum of bits worth more than the parts

I put my quotes on other thread named Fletcher Building.

Anyway, is consolidation of units supposed to bring in efficiencies and less duplication in resources? Now if they break it into small pieces, we might be back to square one.

[winner69]

I put my quotes on other thread named Fletcher Building.

Anyway, is consolidation of units supposed to bring in efficiencies and less duplication in resources? Now if they break it into small pieces, we might be back to square one.

Doesn't always work that way sb9. Ever been to Fletcher HQ?

Broken up the market will value each separate company on its merits .....and probably find that the market value of the bits will be significantly higher than the whole.

Another outcome is that each unit than becomes more focused on 'creating wealth'

[percy]

Bugger again ..... but entirely expected

And finally that Adamson has got 'fired'

I think everybody is disappointed Sir Ralph -


Fletcher Building Chairman Sir Ralph Norris said: “It is very disappointing to see further losses being reported in our B+I business, particularly when the vast majority of the remaining Fletcher Building business units have performed so well during the year. I know our people in B+I are working incredibly hard to deliver a number of projects for our clients and I would like to acknowledge their efforts.”

https://www.nzx.com/companies/FBU/announcements/304262

No surprises here.

[BlackPeter]

not surprised either, the company has been badly run for a while.

New CEO might even find more stuff to write down so may not be the end of it yet.

Good point. Better wait with buying until a new broom is happy with his "starting base".

I guess the departing CEO is an excellent example for an outrageously overpaid CEO running down his company. Obviously - an overpaid board appointed him and helped him to do the damage, but still - we pay these people tens of millions for destroying hundreds of millions of shareholder value. At least they should ask them to pay back their salaries and bonuses for damaging the company - shouldn't they?

[bull....]

Good point. Better wait with buying until a new broom is happy with his "starting base".

I guess the departing CEO is an excellent example for an outrageously overpaid CEO running down his company. Obviously - an overpaid board appointed him and helped him to do the damage, but still - we pay these people tens of millions for destroying hundreds of millions of shareholder value. At least they should ask them to pay back their salaries and bonuses for damaging the company - shouldn't they?

yea unless you like gambling on dead cat bounces , im thinking new lows under 6.50 soon

[Beagle]

Systemic issues at FBU...there's a surprise (NOT).
40 foot barge pole material.

[Hoop]

Yuk......This sort of news has the makings for a shareprice to test its primary support ($7.50) at opening...Thats a bear for ya.. full of bad news, unpredictable temperment claws and all (yesterdays close $8.09)