FBU - Fletcher Building

[winner69]

Jeez that was a BIG day today ...up 5%

And closing days high is good

Must be an interesting candle for today’s action.

[sb9]

Jeez that was a BIG day today ...up 5%

And closing days high is good

Must be an interesting candle for today’s action.

Oh my, that’s big push at close..

[Balance]

Oh my, that’s big push at close..

Market waking up to the real potential of FBU’s underlying oligopolistic operations in NZ.

[Balance]

Market waking up to the real potential of FBU’s underlying oligopolistic operations in NZ.

When Ralph Waters took over the reins at FBU, he admitted that he underestimated the underlying strengths of Fletcher Building's major profit earners.

He was able to use those strong underlying profits to restructure the group and FBU as a whole became very profitable. That’s how W69 got his $12 per share!

[sb9]

When Ralph Waters took over the reins at FBU, he admitted that he underestimated the underlying strengths of Fletcher Building's major profit earners.

He was able to use those strong underlying profits to restructure the group and FBU as a whole became very profitable. That’s how W69 got his $12 per share!

I'll be nice to get close those levels, at least to double digits..

[winner69]

PlaceMakers having best year ever they say

Only a small part of the business but the building parts must be going gangbusters as well

[winner69]

One excuse after another after another after another...why anyone would bother with this systemically flawed dinosaur is beyond me.

A posters view last August ...share price about $3.30 ...doubled since

Maybe still a “systemically flawed dinosaur” but punters are loving it at the moment

I felt much the same back then but sometimes one needs to cast off prejudices. That was a good move

[Balance]

A posters view last August ...share price about $3.30 ...doubled since

Maybe still a “systemically flawed dinosaur” but punters are loving it at the moment

I felt much the same back then but sometimes one needs to cast off prejudices

Never get emotional about stocks - it clouds judgement.

[Balance]

Fascinating quid pro quo?

https://www.nzherald.co.nz/business/...AQYJA3S6CTYEI/

New Zealand's biggest listed construction business has won state consent to buy rural land on Auckland's north-west fringes for a vast new housing estate.

The Overseas Investment Office said last week consent had been granted to Fletcher Building subsidiary Fletcher Residential to buy 20ha from a vendor whose name was suppressed and for an amount also suppressed.

The consent came the same month as the business sold a controversial site in Mangere for $30m after an agreement with the Government to buy the disputed Ihumātao land.

[sb9]

Fascinating quid pro quo?

https://www.nzherald.co.nz/business/...AQYJA3S6CTYEI/

New Zealand's biggest listed construction business has won state consent to buy rural land on Auckland's north-west fringes for a vast new housing estate.

The Overseas Investment Office said last week consent had been granted to Fletcher Building subsidiary Fletcher Residential to buy 20ha from a vendor whose name was suppressed and for an amount also suppressed.

The consent came the same month as the business sold a controversial site in Mangere for $30m after an agreement with the Government to buy the disputed Ihumātao land.

Thanks for the link, very fascinating indeed. Can't wait for HY results in couple of weeks time.