FBU - Fletcher Building

[bull....]

Anyone willing to buy at this time? I’m guessing it will drop to the high $5 mark

market price will take a while to pan out as institutions hear conference call and adjust there analysis

[JeremyALD]

Surely this is enough to send the SP below $7 but I wouldn't be surprised to see it hold up OK today and finish around 7.10

[Beagle]

The loss on the Sky City Convention center simply beggars belief.

How on earth does a company bid $410m on a project that ends up costing $887m to build ?

[JeremyALD]

The loss on the Sky City Convention center simply beggars belief.

How on earth does a company bid $410m on a project that ends up costing $887m ?

It's mind boggling that's for sure. Especially for an organisation that has decades of experience with large projects?

[minimoke]

Matchprice starting at $6.00 - so far I am only $0.10 out.

[Peitro]

Surely this is enough to send the SP below $7 but I wouldn't be surprised to see it hold up OK today and finish around 7.10

$7.10? I'll sell you some at that

(Disc, I don't own any, but will buy some today to fill that order)

[bull....]

im sure there be plenty of falling knife catchers lol might be the day they get hammered?

[steveb]

The loss on the Sky City Convention center simply beggars belief.

How on earth does a company bid $410m on a project that ends up costing $887m to build ?

And they are a long way from finishing,and then remedial work,wow its probably going to cost over a billion!

[bull....]

And they are a long way from finishing,and then remedial work,wow its probably going to cost over a billion!

yep sky city got the bargain of the century , they will be popping the champange ....... fbu shareholders lost ****loads on this game of chance

[JeremyALD]

$7.10? I'll sell you some at that

(Disc, I don't own any, but will buy some today to fill that order)

Haha as I said mate I think it should be a lot lower but they have held up OK from all their previous downgrades.

Removing the dividend though might be the knife that finally makes this fall significantly