FBU - Fletcher Building

[Joshuatree]

The $30 mill from Ihumatao included? jazzes it up somewhat.

[Balance]

Said $309m to $320m and achieved $323m

That’s pretty good

And full year looking good at $610m to $660m

Consensus forecast was for $599m (after last upgrade) so is indeed another profit upgrade.

[sb9]

Consensus forecast was for $599m (after last upgrade) so is indeed another profit upgrade.

Probably one or two more before FY results are out...

[Balance]

The $30 mill from Ihumatao included? jazzes it up somewhat.

Take out original purchase price and development costs to date first from the $30m.

[artemis]

Take out original purchase price and development costs to date first from the $30m.

Heh, add back in the endless costs and hassles avoided now Fletchers is not going ahead at Ihumatao. I am 100% sure that Fletchers will avoid similar costs and hassles in future. Meantime, there is Shelly Bay, Pukeiahua and Opua.

[Balance]

Heh, add back in the endless costs and hassles avoided now Fletchers is not going ahead at Ihumatao. I am 100% sure that Fletchers will avoid similar costs and hassles in future. Meantime, there is Shelly Bay, Pukeiahua and Opua.

Ahem - you forgot about the 'special' deal done at 'Riverhead' - fast tracked special governmental approval for high density development.

Nothing to do with Ihumatao, of course.

[Balance]

When ST posters get really dark on a stock as had been the case with FBU, it is a good time indeed to take a step back and review the postings of the more experienced posters. Not all of them are hype or momentum merchants or traders.

Obviously up to each poster to decide who is what amongst the posters here!

Emotions cloud judgement - never get emotional about any stock.

So who are the more experienced posters?

As I wrote before, up to each poster to decide.

[winner69]

Emotions cloud judgement - never get emotional about any stock.

So who are the more experienced posters?

As I wrote before, up to each poster to decide.

Like the bit about them saying improving market conditions contributed just 15 percent of its greatly improved first-half results and that its own "strategic improvements in operating efficiency" contributed 85 percent.

Not just a building boom ....but a better managed company

[sb9]

Solid presentation both by Ross and Bevan. Very impressed with their disciplinary approach around all divisions and kudos to Bevan and team.

[winner69]

EBITDA margin of 8.1% is a vast inprovement on the 5.5 % in pcp

Says margins are "sustainable." and aiming for 10% plus in 2023

Each 1% margin increase about $85m more profit