Fletcher Building - Repaying the Bank
Fletcher Building (FBU) is raising NZ$700m of equity to lower its elevated debt position. We calculate the raise is high-teens dilutive, adding...
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Fletcher Building - Paying the Piper
Fletcher Building (FBU) announced that it has agreed terms with the Western Australian government and most builders for a joint industry response...
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Fletcher Building - FY24 Result — The Cycle Bites
Looking through cyclically low near-term earnings, FBU is trading on a two-year forward PE of 11.5x, which is in line with its long run average....
316 Views
Fletcher Building - FY24 Preview — Tools Down
We expect FY24 EBIT of NZ$514m, down materially on FY23, but in the middle of FBU's guidance range of NZ$500m–$530m EBIT, which includes...
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Fletcher Building - In the Balance, Down to NEUTRAL
We lower our Fletcher Building (FBU) rating from OUTPERFORM to NEUTRAL, and reduce our 12-month target price to NZ$3.80. There were few redeeming...
315 Views