FBU - Fletcher Building

[Balance]

Noted... Can I just ask whether there are any or many other nz stocks right now that you consider are truly in that recovery phase and 'climbing the wall' .... if so, there is no need to identify them, I am just interested to know for the medium term

Becoming harder but yes, like when FBU was out of favor and subjected to extreme selling pressure, there are several stocks in the recovery phase on the NZX.

Watch also the indexing driven selldown from time to time - excellent opportunity to invest in said stocks.

[LaserEyeKiwi]

Noted... Can I just ask whether there are any or many other nz stocks right now that you consider are truly in that recovery phase and 'climbing the wall' .... if so, there is no need to identify them, I am just interested to know for the medium term

NZX:MCK is my preferred nominee for this. Given its very large majority ownership of CDL, its non-CDL assets are being valued at a mammoth discount despite the large NTA value (current share price of $2.31c vs NTA of $4.70 per share)

Total MCK market cap (MCK + MCKPA) = ~$360m
MCK 66% ownership share of CDL = ~$202m

[Balance]

https://www.stuff.co.nz/business/124...whangrei-plant

Tyres into cement at FBU’s Whangarei cement plant.

Good stuff!

[winner69]

I take it Fletcher’s will do OK out of the impending light rail project in Auckland - the one they going to announce today ...keeping Labour’s promise

[Waltzing]

Bit miffed we did not take a PUNT in november... always been a good trade back to 2008.

Great chart though as an example to see what a boom in housing and a city that is expanding on the pacific rim, can do to the stock.

[RTM]

Bit miffed we did not take a PUNT in november... always been a good trade back to 2008.

Great chart though as an example to see what a boom in housing and a city that is expanding on the pacific rim, can do to the stock.

Lets hope they can make money this time. Or maybe we should consider it a trade.....hmmmm...up > 100%....

[Waltzing]

example of a chart leaping up past its pre event sell off... dont see that to often.

[sb9]

Lets hope they can make money this time. Or maybe we should consider it a trade.....hmmmm...up > 100%....

Likewise, can't believe I'm up over a bagger on this in less than 6months plus recent divvy on top of that. Quickest bagger and never thought FBU could deliver that.

[Balance]

Likewise, can't believe I'm up over a bagger on this in less than 6months plus recent divvy on top of that. Quickest bagger and never thought FBU could deliver that.

Perfect storm last year for FBU sp - Covid lockdowns, continuous problems from the big projects etc etc including getting kicked out of index.

So great time to invest in it as a recovery stock.

Must admit I thought it would take 2 years for the sp to double but very happy that it took less than a year.

[winner69]

This is quite cool

Place that stuck container ship anywhere you want

https://evergiven-everywhere.glitch.me/