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Disappointment as Fletcher coy on cash payout

Market crabby over use of Formica sale proceeds.

Tim Hunter
Thu, 21 Feb 2019

Fletcher Building’s reluctance to confirm a return of capital when it completes the $1.2 billion sale of its Formica business was a major factor driving down its share price after the half-year result, analysts say.

Although Fletcher met profit guidance issued last November its shares slumped

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Tim Hunter
Thu, 21 Feb 2019
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Disappointment as Fletcher coy on cash payout
Business,
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