I wouldn't. Orange H (ex Hawkins ) went bust the other day. Construction in Christchurch is drying up. Boom days are over.
No mate the boom days are still here for now. FBU still has vast numbers of projects on their books to complete over the next few years, the vast majority of which are probably fixed priced contracts using the same "world class" quoting methodology they've used on the international convention center lol.
Plenty more skeletons in the closet for FBU. (Fast Becoming Undone)
Amazing that shareholders just gave them a mandate to continue their wrecking ball approach to shareholder capital without a comprehensive clean out of the board many of whom are directly accountable for not ensuring the previous CEO had proper checks and balances.
Last edited by Beagle; 16-05-2018 at 04:27 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
LOL Yeah. Craigs actually advised their clients not to take up the rights.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I took up the rights and according to the book, I am supposed to get them today and can trade them on Monday. So far I haven't seen any receipt for my money paid through ANZ or any sign of the shares. Maybe they will sneak them in tonight at closing?
Today, after opening, not a sign anywhere that I existed r had invested over $8000 in this issue. Nothing in my portfolio. Finally I phoned ANZ who were able to tell me that I "had" 1794 shares. not an email or an entry anywhere from anyone. Sold them immediately for to buy stuff that I understand.
Originally Posted by horus1
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