FBU - Fletcher Building

[Sideshow Bob]

Looks like FB getting some cheap land....paid $265k for land they put 10 homes on!!

Fletcher's cut-price land deal surprises competitors | BusinessDesk

[Greekwatchdog]

https://www.nzx.com/announcements/387332

[alokdhir]

Pretty solid results and outlook with big dividends going forward too ....I think this one is on the way up for 2-3 years ...can be considered a growth at reasonable price stock with BIG dividend yield at current prices .

[sb9]

Outstanding numbers and nice juicy fully imputed divvy of 18c and buy back to continue. A blue chip stock!!!

This along with EBOS, two solid earnings report to kick off the season. A very busy next week with flurry of results to come out..

[winner69]

Outstanding numbers and nice juicy fully imputed divvy of 18c and buy back to continue. A blue chip stock!!!

This along with EBOS, two solid earnings report to kick off the season. A very busy next week with flurry of results to come out..

Hope the guidance of $750m (last year $669m) is enough to push the share price back to 8 bucks .... nearly got there 6 months ago (amazing its fallen by 20% eh)

[sb9]

Hope the guidance of $750m (last year $669m) is enough to push the share price back to 8 bucks .... nearly got there 6 months ago (amazing its fallen by 20% eh)

8 bucks and beyond hopefully. What I was surprised most was bump of 50% in divvy and fully imputed. Market loves fully imputed divvies, Bevan (CFO) is our man.

[Rawz]

Solid result. And 2nd half looking "very solid".

[Greekwatchdog]

I like this part. Very good result given the lock downs..Costs well managed as expected..

New Zealand residential consents were running ahead of industry capacity.


"This has created a backlog of work on top of future consents in the coming years. This is anecdotally supported by our home builder customers generally now placing orders for their customers 12 to 18 months in advance," he said.


As well, the infrastructure sector continued to have a strong growth outlook on the back of committed and planned government projects. Similarly, in Australia, forecasters are all pointing to ongoing strong growth across residential, commercial and infrastructure through FY23 and beyond, Taylor said.

[sb9]

Question re expectations of full year divvy from Grant (Jarden), Ross's reply think positively in line with outlook. Could be another 18c-20c me thinks.

[Balance]

Question re expectations of full year divvy from Grant (Jarden), Ross's reply think positively in line with outlook. Could be another 18c-20c me thinks.

Lovely 10%+ dividend yield on my entry price.

Yummy!