FBU - Fletcher Building

[Greekwatchdog]

Sort of answers. Extract from NZ Herald..

Fletcher Building's Winstone Wallboards has market dominance nationally via its Gib brand, manufactured at Penrose but shifting to a new $400m Tauranga plant in 2023.


Kevin van Hest of Elephant Plasterboard in Auckland said he was sorry to see USG Boral leave this country.


"This now just leaves Elephant Plasterboard and Gib plasterboard in the New Zealand market," he said. "It is very sad, even though they were also a competitor of ours. New Zealand needs competition in the plasterboard market. Prices for Gib are already starting to skyrocket. It's the consumers that will ultimately suffer. If we go, then it will truly be a monopoly."


van Hest estimated Gib might have a 97 per cent market share after USG Boral's departure.


David Thomas, Winstone Wallboards' general manager, said the wall linings market in New Zealand was very competitive with a number of products still available in addition to Gib plasterboard.


"GIB is Kiwi-made, supported by great customer service, is a reliable quality product and provides best value for money, making it a very competitive product offering. Our focus has always been on providing the best value offering to our customers, in terms of product quality and customer service, at a price that reflects that value, just as we have done for more than 90 years," Thomas said today.

[LaserEyeKiwi]

van Hest estimated Gib might have a 97 per cent market share after USG Boral's departure.

David Thomas, Winstone Wallboards' general manager, said the wall linings market in New Zealand was very competitive with a number of products still available in addition to Gib plasterboard.

The quoted section is hilarious.

[Gerald]

Do you know what % of the market they had?
Bunnings has it but is 'available to order' so not in stock.
Bunnings also have Elephant board available to order as well.

15m revenue not really significant but could reduce pricing pressure.

[Greekwatchdog]

Placemakers 15% price rise. Paywalled.. https://www.nzherald.co.nz/business/...7E5QETLN2KWVQ/

[winner69]

Big day for Fletcher’s this Wednesday

I reckon F21 ebit to be $675m - above guidance

What will be good if they come out f22 guidance of $740m/$750m

Looking forward to it

[Greekwatchdog]

I think you may be correct W69. FY22 I am expecting $740m/$800m. They are well positioned with residential new builds for next 12/24 months + Govt Infrastructure work. Legacy projects should almost be out? Increasing prices to cover there own increases as well.

[peat]

Look at this Long term tho.
FBULTPerf.JPG

[BlackPeter]

Look at this Long term tho.
FBULTPerf.JPG

Yes?

Hardly any move in long term revenue. Actually - 10 year revenue CAGR is negative 0.2%. Not a pretty picture.

Earnings per share jumping around a lot every year, but the overall CAGR looks still worse than the revenue: 10 year CAGR negative 1.9%;

Lets hope that their future looks better than their past, shall we?

"this time it will be different" ... ?

But again ... nobody can predict where hype drives the SP in the short term ...

[winner69]

BP - you got lockdown blues already?

I'm a bit concerned about you state of mind

[BlackPeter]

BP - you got lockdown blues already?

I'm a bit concerned about you state of mind

Thanks for asking ... but - I am quite happy with these lock downs. It is so much quieter in the township and we have lots of work to do on our block.

Sorry if I don't join the FBU cheerleaders. I guess somebody has to provide some balance ;