Investment Analyst, Alex Warnaar and Luke Cheetham, Director Distribution, discuss a recent portfolio addition in our latest podcast.
In this episode, Luke talks to Alex about a recent addition to the Australian Companies Fund, Fletcher Building and the opportunities that lie ahead for the business. Some of Luke's questions include:
- Can you tell us about Fletcher Building and its operations in Australia and New Zealand?
- Fletcher's market share is currently greater in New Zealand than in Australia, does the company have plans to build market share in Australia?
- Through your discussions with management, what are Fletcher's plans to overcome its challenges and take advantage of future opportunities?
- What attracted PM Capital to Fletcher Building given significant headwinds of potential construction slowdown?
This insight is issued by PM Capital Limited ABN 69 083 644 731 AFSL 230222 as responsible entity for the PM Capital Australian Companies Fund (ARSN 092 434 467), the "Fund". It contains summary information only to provide an insight into how we make our investment decisions. This information does not constitute advice or a recommendation, and is subject to change without notice. It does not take into account the objectives, financial situation or needs of any investor which should be considered before investing. Investors should consider the Target Market Determinations and the current Product Disclosure Statement (which are available from us), and obtain their own financial advice, prior to making an investment. The PDS explains how the Fund's Net Asset Value are calculated. Past performance is not a reliable guide to future performance and the capital and income of any investment may go down as well as up.
