FBU - Fletcher Building

[bull....]

looks like conditions in aus for construction have nose dived since may according to ABC doesnt bode well for FBU aus operations probably seen a downturn there too.

https://www.abc.net.au/news/2019-07-...ction=business

I see FBU on the charts consolidating in a big approx $1 range at lows not a good sign , a breakdown might see price head to the 3.80 area. see what happens we will know in hindsight but i see some commentators saying peak construction reached in NZ now and talking to some scaffolders they say things starting to go quiet last couple mths in residential.

[bull....]

Construction recession deepens with sharpest decline in activity for six years

https://www.abc.net.au/news/2019-08-...ction=business

not much earnings to come from aus for fbu going forward.

[Beagle]

http://www.sharechat.co.nz/article/9...nings-fallhtml
Tough times doesn't stop senior management or directors from asking for plenty more.

[Joshuatree]

Then again , In Aus .

Land developers AV Jennings and Villa World have called the bottom of the property cycle after a year of slumping sales and consumer caution blew a hole in their profits. Read more »

[macduffy]

Then again , In Aus .

Land developers AV Jennings and Villa World have called the bottom of the property cycle after a year of slumping sales and consumer caution blew a hole in their profits. Read more »

Stockland also think the Sydney market has bottomed.

https://www.abc.net.au/news/2019-08-...ction=business

[peat]

Then again , In Aus .

Land developers AV Jennings and Villa World have called the bottom of the property cycle after a year of slumping sales and consumer caution blew a hole in their profits. Read more »

calling the bottom of the property cycle, even if they are right, which is highly doubtful - its probably just the first wave down before the bargain hunters push price back up to 60-70% of the fall and we get the killer down wave - it certainly doesn't mean there will be an extended building boom, and in any case FBU have shown themselves to be incapable of making hay when the sun shines. So its all a bit tangential to Fletchers chances of benefitting.

[bull....]

Fletcher Building forecasts 20pc drop in housing construction

https://www.afr.com/property/residen...0190820-p52iux

[winner69]

Analysts don’t seem to think much of the Fletcher story

Bit mean comparing it to Fonterra

http://www.sharechat.co.nz/article/5...o-fonterrahtml

[BlackPeter]

Analysts don’t seem to think much of the Fletcher story

Bit mean comparing it to Fonterra

http://www.sharechat.co.nz/article/5...o-fonterrahtml

It is mean, isn't it? Just nor sure for which of the two companies ...

[bull....]

boral results just released and they saying earnings will be down 5 - 15% next yr and thats at this early time so probably more as time rolls on

also for fbu roading contracts are due to dry up next yr odd because govt has stopped investing in them ... duh so they take earnings hit there soon.