Leaky boat?
Printable View
Alan Gray will be happy …more bargain shares
So FBU EBIT this year about $500m
That’s a big drop from $798 last year
And quite a lot less than $598m reported in 2019
Tough times out there
yep agree Bal! maybe even a bit of both? some well appointed, well maintained existing homes should still be priced higher. too often, sellers expect top dollar (around the CV high) for something that is old, antiqued and falling to bits (in Wellington anyway); gone are the days you can easily renovate, especially with rates you pay the skilled tradies these days (plumbers/sparkies/builders - all now trying for $65-$90+++ an hour now); think punters will pick up on this eventually, especially FHBs - its really expensive now to make improvements. got to be a happy medium in there somewhere eh? or maybe charge out rates need to drop with materials too? shame, as what NZ Inc really needs long term, is lots of new, warm, dry homes -as housing supply will be a problem again on the next leg up.
might head under covid lows of just over 3 , if not today prob in short -term i reckon