Fletcher: better year ahead after slight gain in 2019?

Fri, 03 Jan 2020

Fletcher Building shares ended calendar 2019 in positive territory for the first time in three years, gaining 4.3 percent.Last year's gain follows a 34.7 percent decline in 2018 and a 28.3 percent fall in 2017 after 2016's 50.6 percent gain.Fletcher shares began 2016 at $6.97, peaked at $10.66 in April 2016, but ended 2019 at $5.09.No doubt chief executive Ross Taylor will be hoping he's at the start of an upward trend.He took the helm in November 2017 and revealed the following February that the company's high-rise construction unit, Building...

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