FBU - Fletcher Building

[sb9]

I liked Ross's response re paying back wage subsidy and the context around that. Overall good response both from Ross and Bevan,

$6 this side of Xmas is not out of question.

[RTM]

I'm going to have to look at my DCF analysis and update a few things and post it to you guys eventually, it's good to see Fletcher doing a bit better now! Great update.

Thanks....look forward to that.
Also to them recommencing dividend in due course.
Back in @ 325 in May. Wondering about a few more......

[nztx]

Did anyone ask them whether they could remember to throw a few Imputation credits at their dividends
in future ? -- if nothing more to provide some element of evidence that something has been thrown into
Robertson's tax bucket by FBU itself on the way through & not the full 33% DWT knifing of shareholders
on the payouts ..

[Checkmate]

Did anyone ask them whether they could remember to throw a few Imputation credits at their dividends
in future ? -- if nothing more to provide some element of evidence that something has been thrown into
Robertson's tax bucket by FBU itself on the way through & not the full 33% DWT knifing of shareholders
on the payouts ..

They would if they make a profit and are paying tax won't they?

[Checkmate]

Looks like we're running strong, hopefully no bumps in the road till $6!

[nztx]

They would if they make a profit and are paying tax won't they?

Aha - a Real Taxable Profit and not a fluffed up polished one ?

[Balance]

Looks like analysts are all busy upgrading their earnings forecasts after Tuesday’s surprise update. Jarden has upgraded their F21 EBIT forecast by 21%.

https://www.nzherald.co.nz/business/...6MEBCNKPJM7AY/

Paywall

Excerpt :

‘ ..... Jarden Equity Research today released an analysis of Fletcher's performance yesterday.

They praised EBIT of $227m for this financial year's first four months, up $80m on the previous corresponding period.

"This is well above our ahead of market expectation as cost out programme has been more successful and demand growth being more robust. We are now forecasting 1H21 EBIT of $302m, FY21 EBIT of $527m, up from $435m previously,"

The expect Fletcher's current momentum to continue although they retained their neutral rating.

Fletcher will make net profit after tax of $217m in the year to June 30, 2021, a big turnaround on the previous year's $196m loss. Its NPAT will then rise to $262m for the 2022 year and be the same by 2023, the analysts forecast.

[winner69]

Hey Balance ...Jarden will chasing Fletcher’s improved performance and rising share price for a while yet

Another upgrade after half year result I reckon

Don’t brokers upgrades come in threes

[Balance]

Hey Balance ...Jarden will chasing Fletcher’s improved performance and rising share price for a while yet

Another upgrade after half year result I reckon

Don’t brokers upgrades come in threes

If the 2000 to 2007 period is anything to go by, FBU's profit upgrades will come in spurts from the company with brokers (shell-shocked from making bad calls on the stock in the last 4 years) following the company's lead.

Huge volume went through in the last 2 days - over 21m shares - indicative of interest returning to the stock.

[sb9]

Looks like analysts are all busy upgrading their earnings forecasts after Tuesday’s surprise update. Jarden has upgraded their F21 EBIT forecast by 21%.

https://www.nzherald.co.nz/business/...6MEBCNKPJM7AY/

Paywall

Excerpt :

‘ ..... Jarden Equity Research today released an analysis of Fletcher's performance yesterday.

They praised EBIT of $227m for this financial year's first four months, up $80m on the previous corresponding period.

"This is well above our ahead of market expectation as cost out programme has been more successful and demand growth being more robust. We are now forecasting 1H21 EBIT of $302m, FY21 EBIT of $527m, up from $435m previously,"

The expect Fletcher's current momentum to continue although they retained their neutral rating.

Fletcher will make net profit after tax of $217m in the year to June 30, 2021, a big turnaround on the previous year's $196m loss. Its NPAT will then rise to $262m for the 2022 year and be the same by 2023, the analysts forecast.

Thanks for those snippets.

Am expecting an upbeat ASM with more detail around numbers and guidance. Guess they may re start their share buy back programme sometime next year along with resumption of dividends.