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  1. #1
    Junior Member
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    Default FBU - Fletcher Building

    Hi all,

    First post on the forum so apologies if I haven't included all the details that I should do.

    Does anyone hold FBU or thinking about investing? This is one that I'm looking into and the fundamentals look good to me (good income vs value, low debt etc). I just wanted to get the thoughts of the more seasoned investor.

    Thanks!

  2. #2
    Advanced Member
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    Default

    Quote Originally Posted by mani99 View Post
    Hi all,

    First post on the forum so apologies if I haven't included all the details that I should do.

    Does anyone hold FBU or thinking about investing? This is one that I'm looking into and the fundamentals look good to me (good income vs value, low debt etc). I just wanted to get the thoughts of the more seasoned investor.

    Thanks!
    http://www.sharetrader.co.nz/showthr...FBU#post633881
    You might like to start by having a look at this thread. I have them, but at a lot lower price than they are now.
    Not sure I would buy at today's price.

  3. #3
    Junior Member
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    Default

    Quote Originally Posted by RTM View Post
    http://www.sharetrader.co.nz/showthr...FBU#post633881
    You might like to start by having a look at this thread. I have them, but at a lot lower price than they are now.
    Not sure I would buy at today's price.


    Thanks for the link. I couldn't find any posts for FBU (the search did not bring up anything) but that thread is a great place for me to start.

  4. #4
    Guru
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    Default

    Why the selling now I thought that all the bad news was out, is there more that we don't know about?

  5. #5
    Guru
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    $7-42 and heading whatsup (again ) !!

  6. #6
    Investor
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    Jul 2014
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    Default

    https://nzx.com/companies/FBU/announcements/304262

    Further profit downgrade and more importantly Mr Adamson leaves the company...kinda written on wall, wasn't it...

  7. #7
    Senior Member hardt's Avatar
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    From an original forecast 6 months ago of 740m down 30%+ to 525m....

    Surely this could move MPG/STU too.
    Last edited by hardt; 20-07-2017 at 08:02 AM.

  8. #8
    Advanced Member
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    Default

    Hardt as I read it the downgrade in profit is due to the building and interior division suffering some big losses on projects .
    Most of the divisions are trading at expected levels .... so don't think this has anything to do with cyclical nature of the company ....

  9. #9
    Member
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    Jan 2017
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    Quote Originally Posted by hardt View Post
    From an original forecast 6 months ago of 740m down 30%+ to 525m....

    Surely this could move MPG/STU too.
    Man what a stitch up, think i will be staying away from the construction sector for foreseeable future.

  10. #10
    Speedy Az winner69's Avatar
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    I reckon keep the sad story going on the long serving FBU thread

    That way we won't forget what a dog if a company FBU has been

    Might be a good time to start punting again

    http://www.sharetrader.co.nz/showthr...5170-FBU-Chart
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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