NZ_Shareman

Flectcher Building

Long
NZX:FBU   FLETCHER BUILDING NPV
Seem to be on a Tare

This happens quite abit on the NZX just out of the blue when RSi reaches 80 Sell Take Profit.

Moving Ave will probably Buy tomorrow Macd Day After usually as they are lagging Indicators but about the best we got i'm afraid, but still work more often than not.

Lost 196 mil last yr
Revenue has been dropping for the last 5 years
-3.34 estimated revenue growth next 5 yrs so rubbish and shouldn't be going up in price the share market makes no sense.
But it's all about the future potential ya know.
What future that they will be around losing money for ever how can a company loos $196 million Dollars in a
Year OMG! that is a Useless Business
run by Useless Management.

Buy Buy Buy
Trade closed: target reached:
Wowza
Comment:
Shows the madness of the Market only thing supporting it is the 3 Bill from the Government for Building Projects doesn't mean Fletchers will make money they must be one of the worst quoters in the world for jobs they just like to hoover up all the jobs they can for God knows what reason undercut everyone else stuffs up the Building market the NZ Building Sector would be better off with out them.

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