A $700m capital raise announced weeks after reassuring words on the balance sheet at the annual result could suggest further bad news behind the scenes.
Fletcher Building’s provisioning for leaky pipes in Australia went from A$2m to A$155m in 18 months.
After all the leaks at Fletcher Building, both watery and informational, it’s only fair to mention an unconfirmed report that an individual is regularly seen rushing through corridors at head office screaming “don’t panic, don’t panic!”
The $700 million discounted capital raise announced
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
