Forum Archive Index - November 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

Hi Mike
I'm curious , are you a placemakers franchise owner or do you have a
position with FLC?(good luck with your business anyway)
Being on the other side of the Cook Strait, I haven't heard about any spat
between Cooper and Neil, I assume Neil wants his paradise but Coops is
plugging development.
I understand a lot of the development in the upper south island is yankee
$$$$, how do you see it?

---- Original Message -----
From: "Mike Hudson" <MHudson@placemakers.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, November 10, 2000 4:17 PM
Subject: re: re: re: [sharechat] tech stocks (FLB)


>
> Peter wrote
>
> "Hows your business going - the building industry doesn't look too far
down
> in the dumps. Or am I asking the wrong people?"
>
> Our business is going remarkably well - we are busier than we have been
> since 1994 which was a boom year for the construction industry. I think
that
> the economy is a lot stronger than a lot of people think. Certainly there
> has been a slowdown in the metropolitan centres but I believe it has been
> more than offset in the provincial and rural areas. In the Top of the
South
> all the builders are flat stick and there is a strong recovery in the Deep
> South driven by export returns and tourism and lifestyle developments,
> witness the current spat between Sam Neil and Warren Cooper
>
> Housing starts have slowed but there has been an upswing in commercial
work
> particularly  government driven jobs like the education and health
sectors.
> The two risks I foresee  for a good year for the construction industry  in
> 2001 are
>
> * A shortage of skilled labour which is becoming evident in our part
> of the world.
> * Inflation. We are currently seeing a raft of price increases in
> materials, some of them in the 20% to 30% range which could force the
> Reserve Bank into an Interest rate hike when they flow through into the
CPI
>
> I still believe that despite the South American millstone (see my previous
> posts) that FLB is undervalued and is the best bet for medium term gain
> among the Fletcher stocks
>
> Cheers
> Mike H
>
>
>
> Mike
>
>
>
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