Share Price Alert: Fletcher Building Ltd 4

Fletcher Building Ltd [FBU.NZX] has taken a considerable dive since its previous share price alert in mid October. At that time the share price was trading at $6.92c.

At closing of the bell today the share price finished trading at $5.92c, just under a 15% drop in share price.

This is primarily due to delays in the start date to the Christchurch rebuild but also pressure from slowing homebuilds in New Zealand, Australia and the potential for impacts from their busineses in Asia and North America as housing starts in the US have lowered demand for its laminates business there and the slowing Chinese economy looking to impact on the Asian region as a whole and the rest of the world during 2012 and beyond.

Look for sub 5 bucks early in 2012 and sub 4 bucks if the Christchurch rebuild is delayed past the previous mid 2012 start date and the above mentioned impacts from the various parts of FBUs business weigh heavy on market sentiment for the company and of course an impact on the bottomline.

Fundamentals

P/E	13.140
EPS	$0.451
NTA	$2.709
Gross Div Yield	6.680%

The numbers are currently looking good with a low P/E ratio and a good yield of close to 7% gross.

As always be patient on this and you could probably park this for a few months and watch closely for your entry point.

Disc I own FBU shares in the Share Investor Portfolio

Share Price Alert Series

Fletcher Building Ltd 3
Port of Tauranga Ltd 2
Contact Energy Ltd 5
Ecoya Ltd
Contact Energy Ltd 4
The Warehouse Group Ltd 2
Contact Energy Ltd 3
Contact Energy Ltd 2
Xero Ltd 2
Pumpkin Patch Ltd 4
Pumpkin Patch Ltd 3
Hallenstein Glasson Holdings Ltd
Telecom New Zealand Ltd 4
Telecom New Zealand Ltd 3
Port of Tauranga Ltd
Freightways Ltd 3
Goodman Fielder Ltd 2
Freightways Ltd 2
Telecom New Zealand Ltd 2
Ryman Healthcare Ltd
Charlies Group Ltd
Fletcher Building Ltd 2
Contact Energy Ltd
Steel & Tube Ltd
Telecom New Zealand Ltd
New Zealand Stock Exchange Ltd
Mainfreight Ltd 2
The Warehouse Group Ltd
Pumpkin Patch Ltd 2
Hallenstein Glasson Holdings Ltd 2
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd

Fletcher Building @ Share Investor

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Share Price Alert: Fletcher Building Ltd 2
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Fletcher Building down tools in the short term
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A solid foundation for the future
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Fletcher's got game

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From Fishpond.co.nz



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




c Share Investor 2011

Fairfax Media Poll: 23 November 2011

Full Poll

As most wise pundits have been saying over the last week the illegal taping of the Prime Minister and his principled stand against the perpetrator has been good for Key.

This latest poll takes support for National back to the trend we have seen for most of this year - support well over 50% - but shows Labour continuing to slide in support well below 30%

As I have been saying for the majority of 2011, Key is set to give Goff a good arse kicking on election day and in all possibility we will see a complete meltdown for the Labour party vote.

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

C c c Darren Rickard 2011

Trevor Mallard Puts the boot into his Leader

TrevorMallard Trevor Mallard

@

@shareinvestor t.co/R2hDQLzS

2 hours ago

Trevor Mallard's Cryptic reply in answer to this comment from me below:

shareinvestor Darren Rickard

The worm Loved Phil Goff on the channel 3 leaders debate last night so why don't voters feel the same way?

2 hours ago

You would think he would be spending his time on more constructive things other than twitter nonsense from his sackcloth covered desktop.

His link contained in his tweet is Trev's google search of "to know him is to love him".

Is Trevor being sarcastic about support for his leader Phil Goff? I think so. It is not like him to be upfront and genuine about politics and this is his modus operandi politically speaking.

Just come out and say it Trevor, you don't support your man!!

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

c Darren Rickard 2011

TV3 Leaders Debate: "Worm" panel stacked with Labour Party Activists

The Lead Labour Activist

John Kingi who was in the TV3

"Worm" Audience last night.

How low will Labour stoop to gain power November 26?

Well, watching the worm turn on TV3s leaders debate last night, every time Goff started talking the worm got a stiffy and turned limp when Key spoke. This was regardless of what was being said.

You could tell something was wrong.

Turns out there is an answer to this anomaly.

Labour party activists and insiders were members of the panel. The worm panel were supposed to be 60 undecided voters but instead TV3 either intentionally or unintentionally stacked the wormies with Labour voters.

Moral of the story?

Biased, stacked "worm debates" may have given Goff a personal boost but voters don't feel the same if opinion polls are anything to go by and who can trust a party who tries to manipulate polls and debates by using their activists to slant things.

Goff should also remember that worms feed on corpses.

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

C c c Darren Rickard 2011