Flea ridden mutt in my opinion.
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Flea ridden mutt in my opinion.
'Whack-a-mole' Fletcher needs to learn from a2 Milk
The most obvious extremes are Fletcher Building and a2 Milk, which have had totally different sharemarket performances on recent reporting days....
https://www.google.com/url?rct=j&sa=t&url=https://www.nzherald.co.nz/business/news/article.cfm%3Fc_id%3D3%26objectid%3D12210932&ct=ga &cd=CAIyHjk0OTRmOTA0MWFmMmZmZDQ6Y28ubno6ZW46Tlo6Ug &usg=AFQjCNEjXHUalDNLMxCuoZRYwcQuxkU2Hg
Very relaxed with my holding and looking forward to the divi due in April
Been musing about FBU...at least these guys are still in business, unlike many of their competitors (Arrow, Mainzeal, Hawkins etc) . So perhaps they have done a slightly better job than we gave them credit for. Disc. No longer holding.
Those other companies didn't have the likes of building products, concrete, steel, distribution divisions that contributed over $300m EBITDA in the last 6 month to FBU's result. If FBI were construction only like these other guys, they'd be kaput also I would imagine.
But going forward, expect there would be less competition, more robust costings, better margins for new projects.
6 mth high...
Late surge today - best closing price for some time I think.
https://www.nzx.com/announcements/335386
FY19 guidance down by $30m