FBU - Fletcher Building

[sb9]

So is Fletcher going to tank again today? This is one of the worst 'stocks' ever... always bad PR and people seem to hate them, now Covid 19 is going to hit them big!?
Still gonna hold my shares though...

It might actually go up a bit, market loves cost cutting measures especially those fixed costs around head count, just as many other companies are doing SKC, STU to mention a few. Surprised to note though that Aus revenue was around 90% pre-covid level in Apr and zilch in NZ.

[winner69]

If share price tanks on open it be a good buy at 10.10am

[artemis]

Ahh, ye olde covid-19 excuse.

Excuse or reason? Maybe a bit of each but Fletchers is not the only employer sending workers to the Jobseeker benefit. Just a very big one.

A predicted 30% cancellation of already issued residential building consents will hit developers and the construction sector very hard. We will have to see how that works out over the next few months, but to be sure Fletchers has taken into account government tipping cash into the sector. Cash announced or not yet public as Fletchers will have been closely involved in government discussions.

[Balance]

It is staring you in the face bigbruce. Australia has a similar per capita Covid result to NZ. NZ had a lockdown that meant Fletchers could not trade. Australia had a lockdown that enabled them to operate at 90% of expected revenue and break even.

We have a social welfare mindset Labour government - it's all about control and people needing the government to make decisions for them. Hence, the most restrictive lockdown in the world (self-acknowledged by Cindy) rather than trust that NZers can operate businesses in a safe manner.

So quickly we forget how it was like with Helen Clark - total control & social engineering on a grand scale until she was turfed out for wanting to regulate even shower heads!

[Balance]

Excuse or reason? Maybe a bit of each but Fletchers is not the only employer sending workers to the Jobseeker benefit. Just a very big one.

A predicated 30% cancellation of already issued residential building consents will hit developers and the construction sector very hard. We will have to see how that works out over the next few months, but to be sure Fletchers has taken into account government tipping cash into the sector. Cash announced or not yet public as Fletchers will have been closely involved in government discussions.

Fletcher gets into trouble just about every ten years and NZers love to put the boot in, deservedly so because the company gets fat, lazy & arrogant with the CEO pursuing their egoistic offshore expansions.

Great opportunity to get back in and ride the upside - which has happened each time but maybe, this time is different!

[artemis]

Not to worry Balance. Minister Robertson reckons it will be growth in the economy that pays back the rather large borrowing, not increased taxes. While that is good news for the fast shrinking number of net taxpayers, how many actually believe it?

Even if they do believe, perhaps they don't realise how fluid capital is. As France found out to its cost, and NZX will be watching nervously to see how many successful companies decamp for greener pastures.

[Chinesekiwi]

We have a social welfare mindset Labour government - it's all about control and people needing the government to make decisions for them. Hence, the most restrictive lockdown in the world (self-acknowledged by Cindy) rather than trust that NZers can operate businesses in a safe manner.

So quickly we forget how it was like with Helen Clark - total control & social engineering on a grand scale until she was turfed out for wanting to regulate even shower heads!

It really just seems you enjoy politicking under the guise of a rational discussion, your contempt of any Labour led government is poorly hidden and your posts on this topic really carry little weight given their lack of balance and objectivity.

We get it, you dislike this government and are perhaps not favourable to female leadership but really the broken record routine is well....broken.

I would rather have travelled the road we have been on than the Swedish social experiment that on a comparable population basis would have us today at a death toll of 1796 people. Life is precious and unlike reviveable economies once dead always dead.

Hindsight will be a wonderful thing.

[Balance]

It really just seems you enjoy politicking under the guise of a rational discussion, your contempt of any Labour led government is poorly hidden and your posts on this topic really carry little weight given their lack of balance and objectivity.

We get it, you dislike this government and are perhaps not favourable to female leadership but really the broken record routine is well....broken.

I would rather have travelled the road we have been on than the Swedish social experiment that on a comparable population basis would have us today at a death toll of 1796 people. Life is precious and unlike reviveable economies once dead always dead.

Hindsight will be a wonderful thing.

Yup - as expected, compare with the worse rather than the best. Why is it that The Australian government can trust their building & construction sector to operate in a safe manner but not NZ?

Why is it that they can trust their hardware & DIY stores to open but not NZ?

Why is it that they can trust their restaurants to deliver takeaway foods but not NZ?

So typical of those who have no ambition beyond being second class and third best.

One word about Cindy & her government - Kiwibuild.

[Panda-NZ-]

Yup - as expected, compare with the worse rather than the best. Why is it that The Australian government can trust their building & construction sector to operate in a safe manner but not NZ?

We are the best. So we should compare us with ourselves? CNN, washington post are reporting on our success not australia.

[Balance]

We are the best. So we should compare us with ourselves? CNN, washington post are reporting on our successes not australia.

Have you actually done the numbers of infections and deaths per capita, Panda-NZ?

And you need to read more - Australia has been receiving praise as well from similar sources. https://www.washingtonpost.com/opinions/2020/04/21/australias-leader-is-winning-argument-coronavirus/

Don’t be a frog in a coconut shell - go out and see the world. Or in this case, open up your mind rather than see the world through your star dusted tunnel vision glasses - no doubt given to you by Cindy.

God help NZ if you think NZ is the best. Just like the ABs thought they were the best and the world media wrote them as the best. Well, they did not even qualify for the final - beaten but a second rate team.