FBU - Fletcher Building

**BigBob** · 25-04-2021, 12:17 PM

Originally Posted by Balance

Read what I wrote back in April 2020 :

No hindsight stuff with me, BigBob unlike others.

That's not to say that FBU did not create some concerns in the course of 2020 - sure it did and I posted accordingly.

As for ATM, it is a stock totally dependent upon China for its performance and as we found out in the last 6 months, without a clue how dependent it was and still is on the opaque Daigou sales channel. There will be a time to consider the stock - when the new CEO articulates his vision & strategy and a clear sp uptrend emerges.

All good Balance, but that's not what I responded to in your OP.

You said to back up the truck when everyone is negative... Now you're qualifying that statement and that's always easier in hindsight...!

**Balance** · 25-04-2021, 12:20 PM

Originally Posted by BigBob

All good Balance, but that's not what I responded to in your OP.

You said to back up the truck when everyone is negative... Now you're qualifying that statement and that's always easier in hindsight...!

Not everyone is negative yet on ATM - you know that just as well as I do.

But fair enough if you think that is hindsight. No worries!

**winner69** · 25-04-2021, 12:57 PM

Originally Posted by Balance

Sp closed at 2 year high on Friday.

A very nice 110% return from when I bought last year.

Remember the old saying - when everyone is negative, back up your truck and load up.

Cool eh Balance

Just had to get the past out of your mind and think of the future prospects when all the past issues had been sorted

It was more likely to be a good story than a bad one ....and it's getting better by the week

Couldn't guarantee 100% returns but rewards outweighed risks by a lot at the time (that sounds better than taking a punt eh)

But BP will contend we couldn't predict what's happened

Not quite 100% yet (bit late to party) but I'll join you soon

**BlackPeter** · 25-04-2021, 05:27 PM

Originally Posted by Balance

Eh, what's your point about MFT then?

My point was there was no need to load off such a "doom and gloom" share if other (reputable) shares did provide the same return.

But I am sure you knew that, just trying to be difficult?

**RTM** · 27-04-2021, 12:56 PM

https://fletcherbuildinginvestorday.gcs-web.com/agenda

5 hours, 11-4pm
Pretty solid commitment by FBU.

**Greekwatchdog** · 27-04-2021, 02:02 PM

You'd almost expect an Upgrade on FY 21

**Balance** · 27-04-2021, 02:04 PM

Originally Posted by Greekwatchdog

You'd almost expect an Upgrade on FY 21

Remember - upgrades are managed processes, downgrades are enforced processes.

So yes, I tend to agree with you that there will be yet another upgrade.