Retail investors shun Fletcher share offer
Reaction contrasts with institutional take-up.
Fletcher Building’s $750 million rights issue pulled in just 58% take-up from retail shareholders – an effect some commentators put down to the flood of bad news surrounding its construction division losses.
“I think retail investors are very different,” says fund manager Brian Gaynor of Milford
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Tim Hunter
Wed, 16 May 2018
Wed, 16 May 2018
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Retail investors shun Fletcher share offer
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