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

  • May 15 2024
  • Length: 3 mins
  • Podcast

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

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  • Summary

  • 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.

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