Asset sales, focus on costs could yield $100M+ upside for Fletcher earnings: FNZC

Mon, 09 Oct 2017

By Pattrick Smellie Oct. 9 (BusinessDesk) - Fletcher Building has as much as $100 million untapped upside in its operating earnings if it can return to the performance it produced in its core businesses before the 2008 financial crisis over the next three to four years, says analysis by broking firm First NZ Capital. However, a combination of focus on its New Zealand manufacturing and distribution businesses and divestment of non-core or underperforming international assets could unlock significant additional value, FNZC analyst Kar Yue Y...

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