FBU - Fletcher Building

[winner69]

Fancy leaving the bathroom pods out in the rain so they went mouldy

Mind you architect not too clever forgetting to include a boiler room. Suppose can’t blame Fletcher’s for that bungle

https://www.stuff.co.nz/business/104...-airport-hotel

[Raz]

Fancy leaving the bathroom pods out in the rain so they went mouldy

Mind you architect not too clever forgetting to include a boiler room. Suppose can’t blame Fletcher’s for that bungle

https://www.stuff.co.nz/business/104...-airport-hotel

Understand this is not even half of it :-)

[minimoke]

Understand this is not even half of it :-)

Hotel was supposed to open Dec 2017. Whats teh bet it wont be open by Dec 2018. There must be some non-performance penalties in the contract somewhere. A years worth of lost revenue for a 200 room hotel would be an interesting number

[winner69]

Looks all honky dory going forward

http://nzx-prod-s7fsd7f98s.s3-websit...718/281438.pdf

[winner69]

Only 15% market share in NZ ...hardly monopolistic

Better not tell Phil that

[Beagle]

Looks all honky dory going forward

http://nzx-prod-s7fsd7f98s.s3-websit...718/281438.pdf

Forward looking statements from FBU should be read with the deep level of skepticism that the company deserves, in my opinion.
For what its worth I think the fact that the CEO is deeply disappointed about the job cuts indicates there's still a systemic cultural issue within the company.
https://www.nzherald.co.nz/business/...ectid=12074926

[winner69]

Hope that Director Carter realises he has done a pathetic job and steps down

[Nasi Goreng]

There is a lot of info in their presentation and if you are a shareholder it would be an investment filled with hope rather than confidence. For things to turn around, they have to do many things right. Expect their to be more hiccups.

If you ignore the share price, this is not the time to take a punt. We have seen similar presentations over the years from PPL, Rakon etc. The time to buy is when there is some evidence that they have started to do things right in all business units.

I prefer my profitable not so little dairy company (SML) with 2 sites that is almost half the value of fletchers and one day is likely to be worth more.

[peat]

Looks all honky dory going forward

http://nzx-prod-s7fsd7f98s.s3-websit...718/281438.pdf

pretty sure you are being sarcy here w69. even if the correct phrase is hunky dory.
HunkyDory.jpg

[winner69]

pretty sure you are being sarcy here w69. even if the correct phrase is hunky dory.
HunkyDory.jpg

Peat - honky dory / hunky dory ......both acceptable and to me honky dory just sounds better ...and That tune of David’s would have sounded better if he had gone that way

Fletcher’s will come right in due course