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  1. #1341
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    Quote Originally Posted by LaserEyeKiwi View Post
    Any news today? or is a 3% up day on no news not that strange for FBU?

    (I'm a recent investor)
    One large transactions of 3.5 millions shares just changed hand. Anyway, there are sight for FBU target price of $7.75.

  2. #1342
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    Quote Originally Posted by LaserEyeKiwi View Post
    Any news today? or is a 3% up day on no news not that strange for FBU?

    (I'm a recent investor)
    Nothing specific, however of late FBU price action is driven mainly out of ASX. Going by that big crossing of 3.5mln shares at 7.38 a piece, someone wants in and other want out.

  3. #1343
    Speedy Az winner69's Avatar
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    New home approavls in Australia have been surging of late
    When investors are euphoric, they are incapable of recognizing euphoria itself.

  4. #1344
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    Quote Originally Posted by LaserEyeKiwi View Post
    Any news today? or is a 3% up day on no news not that strange for FBU?

    (I'm a recent investor)
    Now she's up 3cents not 3pct... help! What is going on, I dont think that is normal

  5. #1345
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    Was it the expectation of MSCI inclusion to replace our ATM friends.... ATM up today so maybe someone in the know is buying

  6. #1346
    Speedy Az winner69's Avatar
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    Should help Fletcher Oz operations

    Westpac brief on building approvals -

    Dwelling approvals posted another very strong surge in March, up 17.4% vs expectations of a 3% rise and following a 20.1% jump in Feb. The March monthly read is the second highest on records going back to the early 1980s, only just pipped by a spike at the tail end of the Sydney-Melbourne high rise boom in late 2017.
    When investors are euphoric, they are incapable of recognizing euphoria itself.

  7. #1347
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    Quote Originally Posted by winner69 View Post
    Should help Fletcher Oz operations

    Westpac brief on building approvals -

    Dwelling approvals posted another very strong surge in March, up 17.4% vs expectations of a 3% rise and following a 20.1% jump in Feb. The March monthly read is the second highest on records going back to the early 1980s, only just pipped by a spike at the tail end of the Sydney-Melbourne high rise boom in late 2017.
    Says more about the quality of the brief.

  8. #1348
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    Quote Originally Posted by Habits View Post
    Was it the expectation of MSCI inclusion to replace our ATM friends.... ATM up today so maybe someone in the know is buying
    It’s May & the possibility exists that FBU could get back into the MSCI index - will be worth at least $1.00 on the sp if that happens.

  9. #1349
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    Robertson says we pay too much for building materials


    Going to sort it out blah blah

    Don't think Fletchers or any others worried one little bit
    Last edited by winner69; 10-05-2021 at 03:48 PM.
    When investors are euphoric, they are incapable of recognizing euphoria itself.

  10. #1350
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by winner69 View Post
    Robertson says we pay too much for building materials


    Going to sort it out blah blah

    Don't think Fletchers or any others worried on little bit
    I think both Robertson and you are right :
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  11. #1351
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    Quote Originally Posted by winner69 View Post
    Robertson says we pay too much for building materials


    Going to sort it out blah blah

    Don't think Fletchers or any others worried one little bit
    Jacinda had a go at the petrol companies , that got as far as Kiwibuild ......
    https://www.nzherald.co.nz/nz/consum...SMINJKYCJYMJM/

  12. #1352
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    Hmm Interesting. From NZ Herald.
    Construction and building company Fletcher Building dipped 5c, or 0.67 per cent, to $7.40. Shareholders will be watching with interest news across the Tasman of Kerry Stokes' Seven Group's takeover offer for resurgent building materials giant Boral.


    Seven pitched its opening bid at A$6.50 a share for all of Boral, valuing the building materials group's equity at about $8 billion, to which the target company promptly rejected, describing it as an opportunistic bid that undervalues the company.

  13. #1353
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    And again... off 15c/2 percent. Has had a huge run since November ... over 75pct, I guess there comes a time when more results are required. House prices are under pressure, that's going to affect the bottom line.

  14. #1354
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    Quote Originally Posted by Habits View Post
    And again... off 15c/2 percent. Has had a huge run since November ... over 75pct, I guess there comes a time when more results are required. House prices are under pressure, that's going to affect the bottom line.
    FBU doesn't care what the building sells for, they supply the materials and building services to build it. The higher the margin on materials, and the more 'services' they can provide, and the more jobs that are on the books ... all equals an extremely bright future, quite unlike that which you are imagining.

    Remember that FBU re-made their strategy and had a monumental shift in business focus, only now is it that we are seeing the results of that. For a long term part time holder and observer, FBU is finally finding itself.

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