What is actually going on here is a gamble by BGC hoping to pin the blame for the leaks on the manufacturer rather than the supplier or installer (themsleves).
If they were to win then they would bolster their business through remedial work AND avoid any liability for claims over defective installation leading to the failures. On the other hand if Fletchers can show the pipe wasn't defective but improper installation was the cause of the leaks then BGC might be heading for bankruptcy.
In due course, if Fletchers has sufficient evidence to refute the claims then this will likely end up in court.
Ann: Fletcher Building announces HY24 Results, page-12
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FBU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.01 |
Change
0.040(1.35%) |
Mkt cap ! $2.356B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.04 | $2.97 | $2.247M | 748.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7091 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 4471 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FBU (ASX) Chart |