FRCEF Fletcher Building Ltd featured news, full reports, and detailed charts
Fletcher Building Ltd (FRCEF/FRCEF.PK) Wrap Up:
Fletcher Building Limited, through its subsidiaries, primarily engages in the manufacture and distribution of building materials worldwide. The company operates through five divisions: Building Products, Distribution, Infrastructure, Laminates and Panels, and Steel. The Building Products division provides gypsum plasterboard; glasswool insulation, including commercial and ceiling systems; metal roof tiles; aluminum windows and door systems; and sinkware and access flooring systems. The Distribution division supplies building materials and related products to the commercial and residential construction and DIY markets under the PlaceMakers brand in New Zealand. The Infrastructure division supplies various materials, including aggregates, cement, ready-mix concrete, and a range of manufactured products for infrastructure and construction markets in New Zealand. It also supplies concrete pipeline products and aggregate sands in Australia. In addition, this division operates as a construction contractor and residential builder in New Zealand. The Laminates and Panels division involves in the marketing, distribution, and manufacture of decorative surface laminates, component products, particleboard, and medium density fibreboard. The Steel division manufactures, processes, and distributes steel bar and rod products. It also engages in value-added manufacturing; and merchandising of steel related products, wire products, metal, roofing, and structural building products, as well as in coil coating and galvanizing. Fletcher Building Limited was founded in 1981 and is headquartered in Penrose, New Zealand.Fletcher Building Ltd (FRCEF:Pink OTC Markets Inc)
Snapshot of Fletcher Building Ltd (FRCEF)
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OPEN
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PREVIOUS CLOSE
$5.83
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
10/20/09 - $6.30
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52 WEEK LOW
03/2/09 - $2.45
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MARKET CAP
3.5B
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AVERAGE VOLUME 3 mo
450.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
602.9M
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FRCEF Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
FRCEF Top Compensated Officers
Executives, Board Directors
Key developments for Fletcher Building Ltd (FRCEF)
Fletcher Building Ltd plans to look at acquisition opportunities. Outgoing chairman of the company, Rod Deane, said that Fletcher constantly monitors a portfolio of companies. He said: "All I can tell you are we having an active program of assessing potential acquisitions. We are on the lookout all the time for acquisitions that might fit strategically and might give us good value. But I can't comment on individual ones." The company had $1 billion in undrawn bank facilities. Managing director of the company, Jonathan Ling said despite financial markets being excited about the end of the recession, "we are currently seeing no significant pick-up in activity in our businesses around the world".
Fletcher Building Ltd. in its AGM held on November 11, 2009, elected A T Jackson and G T Tilbrook as directors.
Fletcher Building Ltd. provides earnings guidance for the full year of fiscal 2009. The company net earnings should fall within the current range of analysts' forecasts, assuming no further deterioration in key markets. Analysts' forecasts for net earnings, excluding unusual items, for the full year ranged from NZD 261 million to NZD 340 million. But without a sustained recovery in volumes, net earnings were likely to be at the lower end of the range. The board's present intention to pay a total dividend for the year of NZ28c per share, being the annualised rate of the second-half dividend in the 2009 year of NZ14c per share.
FRCEF Competitors
| Company | Last | Change |
| Boral Ltd | A$5.57 AUD | -0.09 |
| CSR Ltd | A$1.85 AUD | -0.02 |
| Lennox International Inc | $38.57 USD | +0.27 |
| Martin Marietta Materials Inc | $86.46 USD | +0.48 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | FRCEF | Industry Range |
| Price/Earnings | 13.7x |
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| Price/Sales | 0.7x |
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| Price/Book | 2.0x |
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| Price/Cash Flow | 14.4x |
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| TEV/Sales | 0.6x |
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FRCEF |
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FRCEF transactions
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| No transactions in the last 6 months. | ||
