FBU - Fletcher Building

[Master98]

https://www.nzherald.co.nz/business/...FVK7TGEPPR2HU/
Western Australian government is seeking information about injuries in Perth homes where Fletcher Building’s Iplex pipes are installed.

[fastbike]

https://www.nzherald.co.nz/business/...FVK7TGEPPR2HU/
Western Australian government is seeking information about injuries in Perth homes where Fletcher Building’s Iplex pipes are installed.

Hmm - leaky pipes, not exploding pipes.

[Toddy]

Jarden has a target price of $6.13 on FBU.

[bull....]

Forsyth Barr analysts say Fletcher Building has now made $420 million worth of provisions on the convention centre project in the past 12 months and the latest ones 'bring into question management controls and board oversight'

https://www.interest.co.nz/business/...-million-worth

[bull....]

no wonder the australian ran a story about capital raising

They say the ultimate cash cost will see Fletcher Building's debt to equity levels reach "the top end" of the company's target range "and we expect a reduction in dividends and cuts to the growth capex pipeline" at the company's upcoming half-year result announcement on February 14 in order to "provide some headroom".

https://www.interest.co.nz/business/...-million-worth

[Rawz]

sheesh these legacy projects are death by millions of cuts

[Sideshow Bob]

sheesh these legacy projects are death by millions of cuts

2.4 Billion cuts.....

That's over $3 per share.

[nztx]

sheesh these legacy projects are death by millions of cuts

When did FBU have it's last foray into the cupboard to clean out legacy projects at a large cost
that it never wanted to keep on the shelf ?

They have done it before, haven't they ?

[whatsup]

no wonder the australian ran a story about capital raising

They say the ultimate cash cost will see Fletcher Building's debt to equity levels reach "the top end" of the company's target range "and we expect a reduction in dividends and cuts to the growth capex pipeline" at the company's upcoming half-year result announcement on February 14 in order to "provide some headroom".

https://www.interest.co.nz/business/...-million-worth

They wouldnt dare cut the dividend !!!!

[nztx]

They wouldnt dare cut the dividend !!!!

Why not ? .. look where it got WHS ... nothing like a competitor alongside in the race down & beyond


Take off $3 a share for many cuts