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Mark Riggall: Milford Asset Management portfolio manager on Fletcher Building's stock dropping by 15 percent
Manage episode 418359823 series 2098282
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.
6357 episodes
Manage episode 418359823 series 2098282
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.
6357 episodes
All episodes
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