They've botched things badly but it's a champion of the NZ economy so I can't see it losing its position, too important. There's lots of value to be unlocked so I've taken a first position.
Still plenty of risk (particularly with tax loss selling around the corner) so only a modest position so far but a couple of trade sales of their underperforming businesses and FBU could turn around quickly with new management.
Probably would (should?) have waited but I'm feeling a bit chipper with the SXE and AGL announcements of the last couple of days and with URW returning to dividends.
Ann: Fletcher Building announces HY24 Results, page-40
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Last
$2.72 |
Change
-0.020(0.73%) |
Mkt cap ! $2.923B | |||
| Open | High | Low | Value | Volume |
| $2.75 | $2.77 | $2.72 | $497.2K | 181.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 11513 | $2.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 14502 | 26 |
View Market Depth
| Last trade - 13.49pm 06/11/2024 (20 minute delay) ? |
| FBU (ASX) Chart |