Nothing specific, however of late FBU price action is driven mainly out of ASX. Going by that big crossing of 3.5mln shares at 7.38 a piece, someone wants in and other want out.
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New home approavls in Australia have been surging of late
Was it the expectation of MSCI inclusion to replace our ATM friends.... ATM up today so maybe someone in the know is buying
Should help Fletcher Oz operations
Westpac brief on building approvals -
Dwelling approvals posted another very strong surge in March, up 17.4% vs expectations of a 3% rise and following a 20.1% jump in Feb. The March monthly read is the second highest on records going back to the early 1980s, only just pipped by a spike at the tail end of the Sydney-Melbourne high rise boom in late 2017.
Robertson says we pay too much for building materials
Going to sort it out blah blah
Don't think Fletchers or any others worried one little bit
Jacinda had a go at the petrol companies , that got as far as Kiwibuild ......
https://www.nzherald.co.nz/nz/consum...SMINJKYCJYMJM/