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Mark Riggall: Milford Asset Management portfolio manager on Fletcher Building's stock dropping by 15 percent

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Manage episode 418359823 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Poor trading conditions, intense price competition and lower building product sales have prompted Fletcher Building to downgrade its profit forecast.

The forecast has been downgraded $640 million to $540 million - move that caused stock to sink 15 percent.

Milford Asset Management's Mark Riggall explains what's causing Fletcher Building's economic woes.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

6357 episodes

Artwork
iconShare
 
Manage episode 418359823 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Poor trading conditions, intense price competition and lower building product sales have prompted Fletcher Building to downgrade its profit forecast.

The forecast has been downgraded $640 million to $540 million - move that caused stock to sink 15 percent.

Milford Asset Management's Mark Riggall explains what's causing Fletcher Building's economic woes.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

6357 episodes

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