Fletcher Building Ltd
FBU: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|<P | LOCK|R$ | LOCK|td^@&&b |
Convention Center Drama Returns, With SkyCity Suing Fletcher for Damages
SkyCity intends to sue Fletcher Building for about NZD 330 million in damages from the delay in constructing the New Zealand International Convention Centre. Originally it was due for delivery in early 2019, but following a fire and covid-19, handover is expected in February 2026.
