Allan gone from circa 10.9% to 11.9%.
Keeping buying.....
http://nzx-prod-s7fsd7f98s.s3-websit...067/406455.pdf
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Allan gone from circa 10.9% to 11.9%.
Keeping buying.....
http://nzx-prod-s7fsd7f98s.s3-websit...067/406455.pdf
Fletchers are no brainer for the long term at this value, but its a question of how long do you have to wait and will it be worth it over other opportunities.
As one of their fund managers said to me years ago, it is one thing to attract & have funds under management.
It is tough to find good investments to put the funds in so when the opportunities present themselves after they have done their due diligence (including meeting with management, industry players especially competitors), they will invest aggressively.
From Stats NZ ....
In the September 2023 quarter, the actual volume of ready-mixed concrete produced was 1.05 million cubic metres, down 10 percent compared with the September 2022 quarter.
Seems to imply construction activity still a bit weak ..relative to recent past
FBU share price getting back to 5 bucks again
Assume announcement of an offer for ASX listed Adbri Ltd (formerly Adelaide Brighton Ltd) has pushed the FBU share price along today - see https://wcsecure.weblink.com.au/pdf/ABC/02755036.pdf
last 10yrs stock only gone down , apart from a couple blips up. so has not been a good long term hold.