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  1. #1191
    Legend Balance's Avatar
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    Quote Originally Posted by Waltzingironmansinlgescul View Post
    we have always seen this as a sell trade. The last time there was a housing boom did the company make a profit? Mr SNOP might have a view on this company.
    The residential & building material divisions made heaps of money, squandered away by the commercial projects division and the overseas operations.

    The game with FBU has changed - watch the earnings grow and grow from the underlying residential & building material operations.

  2. #1192
    Speedy Az winner69's Avatar
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    Going to surprise on upside big time and full year outlook going to be great come this Wednesday

    Better get in today so not to miss out on the big step up.

    Looking good eh Balance
    Last edited by winner69; 18-01-2021 at 07:37 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #1193
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    Quote Originally Posted by winner69 View Post
    Going to surprise on upside big time and full year outlook going to be great come this Wednesday

    Better get in today so not to miss out on the big step up.

    Looking good eh Balance
    'tis the main article on BusinessDesk this morning !
    For clarity, nothing I say is advice....

  4. #1194
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    I never actually realised, but they are the largest (private sector) employer in NZ! Just bigger than Woolworths (Progressive)

  5. #1195
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    FLETCHER BUILDING SHARED SERVICES Wage Subsidy (9694 staff) $67,683,717.60

  6. #1196
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    Quote Originally Posted by Timesurfer View Post
    FLETCHER BUILDING SHARED SERVICES Wage Subsidy (9694 staff) $67,683,717.60
    Here's where most New Zealanders are working | Stuff.co.nz

  7. #1197
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    https://www.nzherald.co.nz/business/...2472HLWCLWWNQ/

    Excerpt :

    "The building sector remained the most optimistic of the sectors surveyed, as strong construction demand supported a lift in confidence.

    "With the pipeline of residential, non-residential and Government construction work increasing, building sector firms are hiring to keep up with demand. The rebound in construction activity is driving capacity utilisation in the sector to record highs," Leung said.

    The labour shortage was becoming increasingly acute, she said.

    There was now 99 per cent capacity utilisation in the sector, stronger than had been anticipated."

  8. #1198
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    Quote Originally Posted by winner69 View Post
    Going to surprise on upside big time and full year outlook going to be great come this Wednesday

    Better get in today so not to miss out on the big step up.

    Looking good eh Balance
    I think you mean next month when they report the half yearly?

    Meanwhile, sector is looking better and better.

    https://www.nzherald.co.nz/business/...2472HLWCLWWNQ/

    Excerpt :

    "The building sector remained the most optimistic of the sectors surveyed, as strong construction demand supported a lift in confidence.

    "With the pipeline of residential, non-residential and Government construction work increasing, building sector firms are hiring to keep up with demand. The rebound in construction activity is driving capacity utilisation in the sector to record highs," Leung said.

    The labour shortage was becoming increasingly acute, she said.

    There was now 99 per cent capacity utilisation in the sector, stronger than had been anticipated."

  9. #1199
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    HY 17/02. Major concern with everything is Supply Chain. Construction not immune.

  10. #1200
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    Quote Originally Posted by Greekwatchdog View Post
    HY 17/02. Major concern with everything is Supply Chain. Construction not immune.
    And if you are the manufacturer within part of this supply chain, it means you are selling everything you can make. This has to be fantastic for margins, both from an absence of discounting and plant operating efficiency perspective.

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