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How to buy Fletcher Building shares (FBU)

Here’s how to invest in FBU shares on the New Zealand Exchange.

Fletcher Building Limited is a building company and one of the largest listed companies in New Zealand. Fletcher Building shares are listed on both the New Zealand Stock Exchange (NZX) and the Australian Securities Exchange (ASX) — keep reading for instructions on how to buy shares on the NZX.

How to buy shares in Fletcher Building on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Fletcher Building. Find the stock by name or ticker symbol: FBU. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Fletcher Building reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Fletcher Building, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Fletcher Building. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Fletcher Building overview and background

Fletcher Building is a building products company headquartered in Auckland. The company can trace its roots all the way back to the foundation of Fletcher Bros Ltd in 1915, and today has grown into one of the largest building companies anywhere in Australasia.

Through a number of divisions and brands, Fletcher Building manufactures and sells building materials, concrete and housing developments, and constructs buildings and infrastructure projects. It employs 15,000 people in New Zealand, Australia, and the South Pacific, and is listed on both the NZX and ASX.

Performance and company results

Fletcher Building released its annual report for the 2020 financial year in August 2020. Like many other businesses around the world, Fletcher Building was significantly impacted by the COVID-19 pandemic. Key results announced in the report included:

  • Revenue of $7,309 million (down from $8,308 million in the previous year)
  • Net loss of $196 million (down from net earnings of $164 million in the previous year)
  • EBIT before significant items of $160 million (down from $549 million in the previous year)
  • Cash flows from operating activities of $410 million (compared to $153 million in the previous year)
  • Nil total dividend

Key details

NameFletcher Building LimitedIndustryConstruction Building Materials
Ticker symbolFBUISINNZFBUE0001S0
TypeOrdinary sharesDate listed on NZX26 Mar 2001
End of financial yearJuneChief executive officerRoss Taylor
Disclaimer: This information should not be interpreted as an endorsement of stocks, ETFs or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Stocks and ETFs trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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