On the Money: Fletcher woes, PR gains and drama in Dubai

Aussie fund management company Allan Gray is giving Fletcher a lot of love. (Image: Fletcher)

Sat, 27 Apr 2024

There’s no news like bad news for Allan Gray, which is presumably why they love Fletcher Building.Proving there’s a market for everything, the pessimism flowing from Fletcher Building’s widely-mocked treasure trove of resignations has only proven to whet Allan Gray’s appetite for more shares. The Aussie fund management company is known to follow a contrarian strategy, sniffing out long-term investments others are running away from. So, of course, when bad news began to tumble out of Fletcher Building, the investor s...

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