Share Investor

Monday, March 28, 2011

Share Price Alert: Fletcher Building Ltd 2

Give to those affected by the Christchurch Quake here

Fletcher Building Ltd [FBU.NZX] has risen considerably since its previous share price alert on Feb 28. From $8.63c on close of trade on February 26 the FBU share price is currently trading up 4c at $9.07 and up 49c or approx 6% in just over one month.

The stock has rise primarily on expectations that FBU will make bumper profits during 2012 on the back of the reconstruction of Christchurch post the February 22 earthquake.

The stock has risen by around 20% since the beginning of 2011 on news of a good 2011 full year result and the quake impetus.

The only question for investors is that just when the re-construction of Christchurch can begin and of course just when the income for that re-construction appears on company books.

An additional factor probably not taken into account by investors now piling into the stock is that how on earth the company will be able to handle significant amounts of rebuilding - estimated to be revenue of approx $2 billion per annum for 10 years - without first affecting revenue in other parts of the company and indeed whether the company has enough bums on seats, equipment and raw materials (in short their own business infrastructure) to be able to complete their task adequately of being the major constructor in the Christchurch rebuild.

While the current share price is breaking 3 year highs it appears that the market now sees this stock as a relative bargain if the Christchurch factor is entered into the equation.

Proceed with caution if you are interested in this company as initial share price movements could be the market overreacting to the Christchurch quake and subsequent trading could see some selling.

Disc I own FBU shares in the Share Investor Portfolio

Share Price Alert

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Discuss Fletcher Building @ Share Investor Forum - Register free
Download FBU Company Reports

c Share Investor 2011

Share Investor Portfolio: Value at 28 March 2011

The Share Investor Portfolio was up in the forth week of March. The portfolio was up by 1.02% or $2760.00 on the March 21 update . For the first 12 weeks of 2011 the portfolio has increased by 5.6% or $13978.77. This weeks rise was due, primarily, to a 15c rise in FRE, WHS rising slightly and a 34c rise in FBU, with a wide range of other smaller variations up and down across the portfolio.

$140.00 net was added from HLG from dividends after their 2011 HY profit result.

The total of unspent dividends and interest in the bank from the 2010 - 2011 earnings years is $ $23479.21 at close of reporting season for 2010 and partway through the 2011 year. There are also approx $50000.00 in tax credits earned from the portfolio since it began in late 2002.

Share Investor Portfolio as at 10:01:59, Monday 28 March, 2011 (NZDT)

Stock

Quantity

Cost price

Total cost

Market price

Market value

Change

AIA

2,000

$1.700

$3,400.00

$2.190

$4,380.00

$980.00

28.82%

AIA

2,000

$1.510

$3,020.00

$2.190

$4,380.00

$1,360.00

45.03%

AIA

558

$0.000

$0.00

$2.190

$1,222.02

AIA

754

$2.150

$1,621.10

$2.190

$1,651.26

$30.16

1.86%

ASBPB

3,027

$0.000

$0.00

$0.675

$2,043.23

ASBPB

6,973

$1.000

$6,973.00

$0.675

$4,706.78

$2,266.23

32.50%

BGR

619

$0.000

$0.00

$1.340

$829.46

BGR

2,381

$0.990

$2,357.19

$1.340

$3,190.54

$833.35

35.35%

FBU

284

$0.000

$0.00

$9.040

$2,567.36

FBU

830

$9.750

$8,092.50

$9.040

$7,503.20

$589.30

7.28%

FPH

3,000

$2.350

$7,050.00

$3.120

$9,360.00

$2,310.00

32.77%

FPH

541

$0.000

$0.00

$3.120

$1,687.92

FPH

1,459

$3.720

$5,427.48

$3.120

$4,552.08

$875.40

16.13%

FRE

2,054

$0.000

$0.00

$3.200

$6,572.80

FRE

6,577

$3.630

$23,874.51

$3.200

$21,046.40

$2,828.11

11.85%

GFF

586

$0.000

$0.00

$1.650

$966.90

GFF

1,414

$2.330

$3,294.62

$1.650

$2,333.10

$961.52

29.18%

HLG

299

$0.000

$0.00

$3.800

$1,136.20

HLG

701

$2.530

$1,773.53

$3.800

$2,663.80

$890.27

50.20%

KIP

190

$0.000

$0.00

$1.015

$192.85

KIP

810

$1.480

$1,198.80

$1.015

$822.15

$376.65

31.42%

MFT

1,000

$7.960

$7,960.00

$8.740

$8,740.00

$780.00

9.80%

MFT

1,838

$8.000

$14,704.00

$8.740

$16,064.12

$1,360.12

9.25%

MFT

657

$0.000

$0.00

$8.740

$5,742.18

MFT

1,505

$4.200

$6,321.00

$8.740

$13,153.70

$6,832.70

108.10%

MHI

1,646

$0.860

$1,415.56

$0.870

$1,432.02

$16.46

1.16%

MHI

7,000

$0.630

$4,410.00

$0.870

$6,090.00

$1,680.00

38.10%

MHI

494

$1.050

$518.70

$0.870

$429.78

$88.92

17.14%

MHI

860

$0.000

$0.00

$0.870

$748.20

PPG

$0.000

$0.00

$0.280

$8.68

PPG

1,500

$0.440

$660.00

$0.280

$420.00

$240.00

36.36%

PPG

1,004

$0.800

$803.20

$0.280

$281.12

$522.08

65.00%

PPL

1,000

$3.090

$3,090.00

$1.310

$1,310.00

$1,780.00

57.61%

PPL

1,000

$2.870

$2,870.00

$1.310

$1,310.00

$1,560.00

54.36%

PPL

939

$4.200

$3,943.80

$1.310

$1,230.09

$2,713.71

68.81%

PPL

975

$0.000

$0.00

$1.310

$1,277.25

PPL

1,086

$1.530

$1,661.58

$1.310

$1,422.66

$238.92

14.38%

RYM

459

$0.000

$0.00

$2.370

$1,087.83

RYM

4,586

$1.970

$9,034.42

$2.370

$10,868.82

$1,834.40

20.30%

SKC

5,750

$7.430

$42,722.50

$3.340

$19,205.00

$23,517.50

55.05%

SKC

1,000

$7.600

$7,600.00

$3.340

$3,340.00

$4,260.00

56.05%

SKC

2,750

$7.700

$21,175.00

$3.340

$9,185.00

$11,990.00

56.62%

SKC

1,431

$8.750

$12,521.25

$3.340

$4,779.54

$7,741.71

61.83%

SKC

272

$4.720

$1,283.84

$3.340

$908.48

$375.36

29.24%

SKC

25,712

$0.000

$0.00

$3.340

$85,878.08

STU

$0.000

$0.00

$2.550

$198.90

STU

303

$4.740

$1,436.22

$2.550

$772.65

$663.57

46.20%

WHS

4,500

$3.730

$16,785.00

$3.430

$15,435.00

$1,350.00

8.04%

WHS

6,979

$6.000

$41,874.00

$3.430

$23,937.97

$17,936.03

42.83%

WHS

$3.710

$55.65

$3.430

$51.45

$4.20

7.55%

WHS

3,506

$0.000

$0.00

$3.430

$12,025.58

22.22%

	Total cost	Market value	Change
	$270,928.45	$331,142.14	$60,213.69

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c Share Investor 2011

Sunday, March 27, 2011

Darren Hughes Saga: A Question of Leadership

The issue over Darren Hughes and his sexual dalliances with young boys is more of a side issue if you can get over the image of a distressed, naked teenager running down the road away from Mr Hughes abode a few weeks ago.

What is at issue here as far as politics goes is Leadership and the failure of Phil Goff to be open and honest with first his own voters and then the New Zealand public at large.

Did he really think he could keep this quiet?

On that issue alone one would have to question his decision making on.

When you drill down further though there are also moral and honesty issues involved here.

What kind of leader tries to hide a sexual offense of a subordinate and then tries to deflect appropriate criticism brought on him by blaming the Government for "leaking the information to the media"?

Darren Hughes is also the chief whip of the Labour party, responsible for keeping Labour colleagues in line, how is he supposed to be the arbiter of good judgement if his leader allows him to trip the light fantastic all over the country with every teenage boy that takes his fancy?

Mr Goff has been aware of Darren's track record for hitting on teen boys as least as far back as Christmas 2009, where he hit on another boy at a Labour Party shindig so what on earth was Goff doing allowing Darren Hughes to continue in his role when there was so much evidence that Hughes was not fit for the job?

The answers he has given to defend his series of bad decisions just doesn't satisfy the public at large let alone Labour supporters.

Under pressure he has looked ineffectual, evasive, very uncomfortable and dishonest.

You have to ask yourself, is this a man you want leading your country post November 26?

Anyone for Gingernuts and a cup of tea?

From Fishpond.co.nz

Buy Every Bastard Says No - The 42 Below Story, by Geoff Ross & Justine Troy & more @ Fishpond.co.nz

c Darren Rickard 2011

Friday, March 25, 2011

Class Action Suit Against Finance Company Trustees: How to Register

New Zealand law firm Turner Hopkins, in conjunction with Australian law firm Slater Gordon, while not promising to return investors funds in collapsed finance companies, is however going to pursue some sort of justice by taking a class action suit against trustees of these finance companies, trustees whose job it was to keep a watchful eye on the day to day business activities of the directors and CEOs of these disgraced finance companies.

The trustees in finance companies such as Hanover, Capital & Merchant, Bridgecorp, Nathans and the like were trusted to have investors interests at heart first and that meant any irregularities would have to be looked at and investigated if need be. The majority of these trustees failed to adequately acquit themselves of their positions and in the absence of justice from the directors and CEOS of finance companies the trustees are the ideal candidates to now apply some heat to.

The following detail from the Turner Hopkins website explains in detail who is eligible to register to become part of the class action against these failed trustees. There will be no funds to pay to register or be part of the suit. I have no idea how it will be funded but it will and I am assuming that the respective law firms will be taking their cut at the end of a successful prosecution and so they should as it is admirable what they are trying to achieve.

Please see below for the detail of the class action suit and how to register to become part of it.

These claims will be in the form of representative proceedings on behalf of large groups of investors in one or more of the failed finance companies. The claims are expected to allege a breach of trust on the part of the corporate trustees appointed to monitor and supervise the activities of the failed finance companies and protect investors. Investors may well be entitled to recover economic losses incurred by them as a result.

Slater & Gordon are Australasia’s largest law practice and have decades of experience in class action and representative claims of this nature. They bring invaluable experience and expertise to this type of litigation. In particular Slater & Gordon have recently commenced a claim on behalf of investors against trustees of a failed finance company in Queensland and achieved an outstanding result for the investors.

Turner Hopkins has been working alongside Slater & Gordon for the past 12 months in analysing these potential claims. Being a specialist boutique practice situated in Auckland, Turner Hopkins’ partnership with Slater & Gordon provides the ideal mix of specialisation and experience to perform for the best interests of investors in a claim of this nature.

In addition we have secured the services and assistance of a highly experienced and skilled team of experts including one of Auckland’s most senior and well regarded Queen’s Counsel and accounting and financial specialists.

Funded Litigation

It is anticipated that the costs of bringing these claims will be met through litigation funding. This would mean that investors would not be required to make any payment at all for bringing this case. Nor would investors be exposed to any risk of adverse costs or other awards against them should the claim be unsuccessful. Funding arrangements of this type are relatively novel in New Zealand. We expect details of the funding arrangement to be available shortly.

Registration

We are currently seeking expressions of interest from investors who have sustained losses following the collapse of any of the New Zealand finance companies during the period between 2006 to 2009. If you were an investor and have lost money in one of those companies (regardless of whether it is now in liquidation, receivership or moratorium) we would be very pleased to receive your registration.

Registration will entitle you to receive directly from us regular updates on progress towards commencing these claims as well as information specifically relevant to the finance company/corporate trustee claim that may be available in your particular circumstances. We will also provide updates as to arrangements being made as to litigation funding arrangements that are being made. We look forward to hearing from you.

Recommended Fishpond Reading

Buy The Intelligent Investor & more @ Fishpond.co.nz

c Share Investor 2011

Share Investor

Monday, March 28, 2011

Share Price Alert: Fletcher Building Ltd 2

Share Investor Portfolio: Value at 28 March 2011

Sunday, March 27, 2011

Darren Hughes Saga: A Question of Leadership

Friday, March 25, 2011

Class Action Suit Against Finance Company Trustees: How to Register

Funded Litigation

Registration

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