Fancy leaving the bathroom pods out in the rain so they went mouldy
Mind you architect not too clever forgetting to include a boiler room. Suppose can’t blame Fletcher’s for that bungle
https://www.stuff.co.nz/business/104...-airport-hotel
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Fancy leaving the bathroom pods out in the rain so they went mouldy
Mind you architect not too clever forgetting to include a boiler room. Suppose can’t blame Fletcher’s for that bungle
https://www.stuff.co.nz/business/104...-airport-hotel
Looks all honky dory going forward
http://nzx-prod-s7fsd7f98s.s3-websit...718/281438.pdf
Only 15% market share in NZ ...hardly monopolistic
Better not tell Phil that
Forward looking statements from FBU should be read with the deep level of skepticism that the company deserves, in my opinion.
For what its worth I think the fact that the CEO is deeply disappointed about the job cuts indicates there's still a systemic cultural issue within the company.
https://www.nzherald.co.nz/business/...ectid=12074926
Hope that Director Carter realises he has done a pathetic job and steps down
There is a lot of info in their presentation and if you are a shareholder it would be an investment filled with hope rather than confidence. For things to turn around, they have to do many things right. Expect their to be more hiccups.
If you ignore the share price, this is not the time to take a punt. We have seen similar presentations over the years from PPL, Rakon etc. The time to buy is when there is some evidence that they have started to do things right in all business units.
I prefer my profitable not so little dairy company (SML) with 2 sites that is almost half the value of fletchers and one day is likely to be worth more.
pretty sure you are being sarcy here w69. even if the correct phrase is hunky dory.
Attachment 9753
...but used in context of honky dory
Urban dictionary-
Originated by post WW II US Sailors on liberty in Yokosuka, Japan. The strip right outside the main gate to the US Naval Base was called (and still is) Honcho Dori (means book district street in Japanese). Times were wild and there was no better sailor port in the world at the time. This was bastardized to Honky Dory by the sailors and it came to mean if you came from Honky Dory then everything had to be good or 'honky dory'.
Hunky isn’t nicest of words either
Hunky is an ethnic slur used in the United States to refer to a laborer from Central Europe. It originated in the coal regions of Pennsylvania and West Virginia, where Poles and other immigrants from Central Europe (Hungarians (Magyar), Rusyns, Slovaks) came to perform hard manual labor on the mines.
But hunky might be more appropriate to FBU if you use the proper meaning -
A hunky company is sexy and attractive to value investors and usually big and strong:
But honky sounds better
Seems odd to me as a novice in the stock market that the share price has recovered so well. I think there are still outstanding compensations to be paid on contracts that have not been delivered on time? Doesn't appear to be a company out of the woods yet - or altogether dory.
wonder if fletchers rising tide might help metro glass and others pick up?
I think they're lucky to have Rob McDonald, (former CFO at AIR) on the board, not so sure about the other AIR guy there.
I do believe there's a lot of skeletons in the closet though. You can see evidence of this in the ~ $90m restructuring cost to save ~$30m in annual operating cost. Must be some really lucrative redundancy clauses in those employment agreements. New CEO getting all teary eyed about making a few people redundant, for goodness sake man grow a pair and really take the knife to the huge amount of corporate fat imbedded in the system.
Good they have a five year plan, and I'm expecting the road ahead to have some extremely large pot holes.
I'm with you Beagle. Likely more skeletons to come. In these cases there are usually more dead bodies buried than they originally think.