Kingfish's 3.1% stake in Fletcher Building paying off

Tue, 17 Jul 2018

By Rebecca Howard July 18 (BusinessDesk) - Fletcher Building shares have gained about 14 percent since Kingfish took a 3.1 percent stake and the listed investment firm's manager remains upbeat on the stock. "We have watched it for a long time. We have watched it closely as all of the turmoil has played out and we thought enough things had changed fundamentally for us to make a small, initial investment in the company," Fisher Funds Management senior portfolio manager Sam Dickie told BusinessDesk. He declined to comment on whether the fun...

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