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

EPISODE · May 15, 2024 · 3 MIN

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

from Best of Business · host Newstalk ZB

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. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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

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