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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
3 mins to read

Retail investors shun Fletcher share offer

Reaction contrasts with institutional take-up.

Tim Hunter
Wed, 16 May 2018

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
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Retail investors shun Fletcher share offer
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