FBU Chart.

[winner69]

Looks like just in time for Xmas 2014 mate

Great chart eh ... Halebop mentions probabilities .... I prefer a bit of visualisation ..... easier to see the outcome

I talk about it turmeric

All going to plan metinks .... consents still rising in NZ .... numbers looking better in Aust according to todays paper .... and the US about to burst into life .... and Chch hasn't really started yet

9 bucks soon ... than 10 bucks .... up up and away

[winner69]

FBU share price needs a boost - not quite going up as fast as it should .... should be closer to 10 bucks now

So I'll do a Morningstar and put a BUY BUY on FBU with a target of 14 bucks .... buy some or if you already have some buy more.

The Herald say 'The building sector has taken off and Canterbury earthquake repairs are one of its biggest drivers' .... but heck consent numbers have been increasing for well over a year now. http://www.nzherald.co.nz/business/n...ectid=10858221

Those who model such stuff and make projections have new residential consents increasing from current 16,000 to 22,000 to 23,000 in the next couple of years. Thats a lot of extra timber and gib and stuff eh. And then there is the extra non-residential work in Chch on top of normal demand



The NBR said 'The nation's biggest construction and building materials firm has gained amid signs of life returning in the Australian home building market.' and 'as expectations of a pickup in building activity lifted companies such as Fletcher Building, Steel & Tube Holdings and Cavalier.'
http://www.nbr.co.nz/article/market-...gain-bd-134435

And things looking a bit brighter in Australia - even so it prompted one guy to say 'It's not all gloom and doom' but could be better as this guy says 'Master Builders Australia chief economist Peter Jones welcomed the rise in approvals figures but agreed further rate cuts were needed.'
http://www.businessspectator.com.au/...ument&src=hp28

[winner69]

The size of the building 'boom' in nz over the next few years isn't quite as big as that what occurred from 2003 to 2008 but getting pretty close to it

Look what happened to the FBU share price v that time ....went from unloved to a market darling ,,,,like the chart shows

10 bucks is only the first stop turmeric

Matter of interest ....why your name associated with curry?

[winner69]

Another great thing about FBU is that it is in an industry with 'unplanned' obsolescence

Great that a lot of the stuff they sold 10-15 years ago needs to bought again ....thanks to leaky homes

Last count still 30-40 billion dollars of problems to be fixed .....a lot of that needs stuff FBU make and sell

[winner69]

And now all those homes in Chch that have asbestos in the ceilings .....hide it eh or get the govt to mandate it get fixed .....jeez gib galore ....and paint ....better buy more DLX as well

If Chch have asbestos so does all nz

[winner69]

might get to 9 bucks tomorrow turmeric

[Pete]

might get to 9 bucks tomorrow turmeric

Only a few days off, just hit $9.10...

[winner69]

Only a few days off, just hit $9.10...

We now start talking about 10 bucks eh

Mind you most things that have a good story are going up .... but at least fbu going up faster than most

[POSSUM THE CAT]

At what price would you say was the time to get out.

[ratkin]

At what price would you say was the time to get out.

When your boots are full