FBU - Fletcher Building

[winner69]

Good article in BusinessDesk re the FBU buyback headlined

Fletcher buyback timing likely to boost exec bonuses

Paywalled

Nice one ...but we are all winners at the moment.

[Balance]

https://www.nzx.com/announcements/374067

First cab off the rank to announce FY21 results.

Always a good sign that things are going very well when a company is busting at the bits to tell everyone how things are going.

[peat]

Good article in BusinessDesk re the FBU buyback headlined

Fletcher buyback timing likely to boost exec bonuses

Paywalled

Nice one ...but we are all winners at the moment.

really goes to show that corporate management have no clue about investing. they were issuing equity at $4

[Baa_Baa]

https://www.nzx.com/announcements/374067

First cab off the rank to announce FY21 results.

Always a good sign that things are going very well when a company is busting at the bits to tell everyone how things are going.

That is a very good sign, also noting the upbeat (even bullish) commentary from STU, hopefully the whole sector is enjoying the massive monetary stimulus in construction and FBU in particular.

After a recent few years of disastrous investments, FBU finally seem to be back on track for a bright future. There's still plenty of upside SP imo, my LT target is the old ATH, and enjoy the divi on the way.

[winner69]

The pleasing thing about FBU's earnings growth so far this year is that they have achieved it without increasing actual activity - it's been a case of doing about the same but making more (in other words margin improvement)

Just imagine what profits might be if they increased activity levels

And the economic climate points to that happening

[BlackPeter]

The pleasing thing about FBU's earnings growth so far this year is that they have achieved it without increasing actual activity - it's been a case of doing about the same but making more (in other words margin improvement)

Just imagine what profits might be if they increased activity levels

And the economic climate points to that happening

Just a bit scared considering what happened last time when they increased activity levels

But anyway - this time will be different!

[Balance]

Just a bit scared considering what happened last time when they increased activity levels

But anyway - this time will be different!

It is different this time (at this stage) as FBU is sticking to its knitting - expanding & investing in core domestic oligopolistic businesses where it has real competitive advantages.

When it starts expanding overseas and making acquisitions outside of its core businesses, that’s when it is not different anymore and it’s time to get out.

[BlackPeter]

It is different this time (at this stage) as FBU is sticking to its knitting - expanding & investing in core domestic oligopolistic businesses where it has real competitive advantages.

When it starts expanding overseas and making acquisitions outside of its core businesses, that’s when it is not different anymore and it’s time to get out.

Sure, they have lots of experience in burning money overseas (as many other NZ companies who think that if they know NZ they know the world) - but didn't they make a dogs breakfast out of the Christchurch rebuild as well? But maybe repairing houses not their core business either.

I give you this - they always made money with selling ways too expensive building materials ... just not sure why nobody in NZ wants to fight their pharmacy prices ...

[BlackPeter]

removed duplicate created thanks to unsatisfactory server performance / setup

[winner69]

Fascinating chart in a BusinessDesk article re Taylor’s rem.


Breach of copyright but if I give BusinessDesk a plug they mightn’t mind ..subscribe here https://businessdesk.co.nz/why-you-s...o-BusinessDesk