Convince me. Why would someone be buying FBU?
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LOL I am not going to even try as its not my money.
I guess if your looking at a long term then, Legacy Projects finishing up without any more extra one offs, Interests rates start coming down late this year/early next year. Sale of Crane Group in Aust and Insurance payout for fire at convention sector in AKL. Also this is becoming a takeover target where its priced.
I don't see dividend at Full Year and they may not issue any out until Full Year 2025. Capital Raise who knows.
Falling knife, who is game ?
How would you feel if you had put 50k into the employee share scheme say over the last 15 years and were made redundant. And when they paid your shares out you got 15k back.
Sorry again...along with the RYM debacle...who the heck would invest in NZ shares....its sad and shameful.
Toddy so so true.
And how many funds hold FBU,
Dear sailor ...What are saying ?
Do you acknowledge that homes in NZ have been considered the most expensive in the developed world.
NZ makes most dosh from milk powder and tourism.
Ireland ?
Damn obvious ....ahh nah.
I totally agree with you and agree with your previous post.
Absolute banana republic and as soon as the communists took power I removed all of my capital from the country.
We have nothing of value to sell the world and what we do sell we are crap at making efficiently as have to pay off all the state insiders.
Up 10% in the last hour, on no announcement... something afoot?
Takeover remours
I see an article "Platinum Equity runs ruler over Fletcher" in The Australian, paywalled.
Takeovers are funny how the 'outsiders' are the first ones with the 'inside' info...
Well ....let's sell all the NZX companies....NZ is stuffed anyway
Sadly X I cannot disagree.
Like is it purely because interest rates are seeming more attractive than the SM ?
Is NZ inc heading towards a long overdue correction regarding insane residential house price appreciation ?
As we all know we have the highest valued blah blah...the future may be bleak.
I have in recent times banked my dosh in the bank at 6 %.
2009 was pretty good if you had cash and the cahones to invest. I wasnt one of those sadly...
Gawd Struth .. things must be blowing a fair treat over in Perth:
https://www.nzherald.co.nz/business/...ABM4ORPXWK4CI/
Perth leaky water pipe update: 110 homes a month suffer failures - builder BGC
https://www.nzherald.co.nz/business/...MSGLOBGLYLCTE/
Perth leaky waterpipe crisis - Fletcher Building’s Iplex, builder BGC involved
12.10.23
https://www.nzherald.co.nz/business/...PEEDCPEEIAUOI/
Perth’s exploding Pro-fit water pipes: Who’s to blame? What next?
10.2.24
Most of these appear paywalled, but most should get some idea from titles
Looks like an ongoing growing issue