FBU - Fletcher Building

[Balance]

Like THL, post MSCI selldown rebound back towards $4 at least imo. Probably helped too by less pessimistic economic forecasts by the banks.

Took less than a week to bounce above $4.00.

A move to L1 today should hopefully cement in the $4.00 mark to build the sp higher.

[BlackPeter]

Took less than a week to bounce above $4.00.

A move to L1 today should hopefully cement in the $4.00 mark to build the sp higher.

Don't think the Covid level would be relevant for Fletchers (well, as long as it is L2 or below). What will make a difference is if there are sufficient jobs around and whether they are not just able to win them, but as well able to make money with them. Didn't work out that well for them throughout the last construction boom (and this was without Covid).

Not quite sure I share your optimism, though - if I compare FBU's share price to AIR, than FBU is clearly undervalued ; On the other hand: AIR can fly while FBU can only crash and burn ... this might explain the difference for the punters.

[Balance]

Don't think the Covid level would be relevant for Fletchers (well, as long as it is L2 or below). What will make a difference is if there are sufficient jobs around and whether they are not just able to win them, but as well able to make money with them. Didn't work out that well for them throughout the last construction boom (and this was without Covid).

Not quite sure I share your optimism, though - if I compare FBU's share price to AIR, than FBU is clearly undervalued ; On the other hand: AIR can fly while FBU can only crash and burn ... this might explain the difference for the punters.

All views are welcome. 🕺💃🏻👍

[clearasmud]

All views are welcome. ��������[/QUOTE

Lol

[sb9]

Is today's announcement kind of an indication of upcoming FY divvy at this stage is a 50/50 chance?

[waikare]

Is today's announcement kind of an indication of upcoming FY divvy at this stage is a 50/50 chance?

If I were a betting man I would give it 25% chance of receiving some sort of divi..

[Checkmate]

Is today's announcement kind of an indication of upcoming FY divvy at this stage is a 50/50 chance?

What announcement? I haven't seen anything on their website?

[sb9]

What announcement? I haven't seen anything on their website?

This from y'day..

https://www.nzx.com/announcements/354406

[Balance]

All views are welcome. ��������[/QUOTE

Lol

Putting my post ('all views are welcome") in context:

https://www.sharetrader.co.nz/showth...-Serko/page102

Very sensible points, but please - don't annoy the believers ... they well might go after you ;

A quite expensive loss making but so called "growth company" with a much higher risk of going down than a chance of going up during the coming reality phase of this crisis.

Growth companies don't fare well in economical downturns. Reliable income and dividend streams are king and Serko offers neither.

All views are welcome.

Serko put on 40% after the postings above.

In life, you have to stick with your own views after considering other views, be them negative or positive.

[BlackPeter]

Putting my post ('all views are welcome") in context:

https://www.sharetrader.co.nz/showth...-Serko/page102





Serko put on 40% after the postings above.

In life, you have to stick with your own views after considering other views, be them negative or positive.

Absolutely - and sometimes you will be right and sometimes you will find you are wrong.

Glad for you it worked out for you this time. Markets currently in some unreal lala-land and absolutely separated from reality. Good for the people who took the gamble.

Does not change the fundamentals, though, doesn't it?