ASX Announcements
Fletcher Building FY24 Results Webcast Details
Notification of Results/Reporting Date, Web Casts
- Aug 6, 2024
- 1 page
Yesterday
Fletcher Building sells Tradelink to one of America’s richest families
Blackfriars is controlled by the secretive Colburn family, and was self-advised.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
Meet the secretive US billionaires bidding for Fletcher’s Tradelink
The final bidder turnout shows Tradelink has emerged as a trade play, albeit one that has attracted an interesting cast of characters.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CSR’s ‘extraordinary’ insulation price rise could be gouging
A major distributor of the building materials giant’s products wants the company to hand over internal documents as it attempts to show misused of market power.
- Max Mason
Los Angeles turnaround expert to rival Allegro at Fletcher’s Tradelink
Street Talk understands Los Angeles-based private equity firm Pacific Avenue Capital Partners has thrown its hat in the ring.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Turnaround titans battle for Fletcher’s Tradelink; bids this week
Sources said both PE firms have been interviewing management candidates around the town, keen to lock in talent for the fix-up job should they win.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May
- Opinion
- Chanticleer
Investors shouldn’t believe Chalmers on inflation just yet
For inflation to get back to target by Christmas, more pockets of pain will have to emerge. But the corporate sector is holding up well.
- Updated
- James Thomson
February
Fletcher Building anoints sell-side adviser for Tradelink
The construction company, which trades on both the New Zealand and Australian stock exchanges, has appointed Miles Advisory to oversee the process.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CSR’s $4.3b French buyout bid ‘compelling’: shareholder
Fund manager Merlon Capital says the $9 per share proposal offers “compelling” value for one of Australia’s oldest companies.
- Simon Evans
Fletcher Building stares at ratings cut after heavy first-half loss
The ailing building materials group fell to a large first-half loss, leading Moody’s to review its investment grade rating. Its chief executive is also leaving.
- Aaron Weinman
Fletcher Building to sell Tradelink as CEO, chairman exit
Fletcher’s biggest shareholder, Allan Gray, is backing a shake-up which includes the sale of the Tradelink plumbing supplies business in Australia.
- Simon Evans
October 2023
Fletcher Building accuses BGC of blame-shifting in plumbing nightmare
CEO Ross Taylor says Fletcher has not been drinking its “own Kool Aid”, with poor installation by WA plumbers the issue in high leak rates in new homes.
- Simon Evans
Fletcher Building bond deal likely delayed amid faulty pipes issue
The timing of the company’s 5-year fixed bond deal is up in the air as it deals with the fallout from plumbing failures and a faulty pipe product.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August 2023
- Opinion
- Earnings season
The one thing almost everyone got wrong about profit season
We all know that interest rates have gone up a lot. Yet analysts struggled to forecast how much that will hurt corporate profits now and in the future.
- Updated
- Jonathan Shapiro
July 2023
Sanjeev Gupta shuffles InfraBuild leadership, appoints new CEO
The Australian steel operations will be run by Francisco Irazusta, no stranger to Australasia after executive stints at Fletcher Building.
- Simon Evans
June 2023
Fletcher downgrades profit expectations for second time this year
The New Zealand-headquartered building material manufacturer said it was seeing a drop in volumes as demand for its products fell.
- Simon Evans
May 2023
Hefty price rises put squeeze on builders
Big companies making bricks, tiles, plasterboard and insulation have passed on big price rises, lifting margins as builders struggle.
- Simon Evans
April 2023
Fletcher sets aside $15m for faulty pipe compensation
The building materials group will reimburse some 1200 new homebuyers grappling with flooding and other problems.
- Simon Evans
October 2022
‘Perfect storm’ ahead for Boral, ASX building stocks
Morgan Stanley warns an economic slowdown will hit the housing construction sector next year, and says Boral and Reece will be among the hardest hit.
- Simon Evans
May 2022
Smashed small caps that can turn into portfolio treasures
The best time to buy is when they get badly oversold. Professional investors share the stocks they like and what to watch out for.
- Tony Featherstone
February 2022
- Opinion
- Chanticleer
What we learnt: Celebrity outlaws take Treasury Wines upmarket
The first Big Wednesday of earnings season also brought key results from Santos, Pro Medicus, Netwealth, Fletcher Building, Vicinity Centres and Pact Group.
- Updated
- James Thomson
