I didn't think he had done that bad, he inherited NZ problems,...

I didn't think he had done that bad, he inherited NZ problems, Sunraysia etc almost a poison chalice ??

Paid down a big chunk of debt, got screwed by Avid on a few key jobs.....in a market of closed borders, increasing costs of materials, that is if you can get them.

Every residential builder in Australia has a rise and fall contract so they can continue to stay in the green with the above in mind, commercial and mining your screwed.

I think the board has thrown him under a bus, he has a lot of respect from clients in that space, they wont be fans of the decision.