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
$2.66 |
Change
-0.010(0.37%) |
Mkt cap ! $2.082B | |||
| Open | High | Low | Value | Volume |
| $2.66 | $2.66 | $2.64 | $126.0K | 47.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 10345 | $2.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.66 | 19863 | 18 |
View Market Depth
| Last trade - 10.48am 26/06/2024 (20 minute delay) ? |
| FBU (ASX) Chart |