Alternative needed from the absolute crap of stuff.co.nz
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What an aweful woman, hopefully this poor kid never finds this article. Otherwise he will read how his mother first wanted to terminate him then wanted to adopt him out. Can’t beat a mums love can you.
Oh and well done for the ex, he clearly knew her well enough to suggest there was a lot of doubt he wasn’t the father. Despite her indignation he was proven right. -
Anything to add here @MN5 ?
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11994345
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@jegga said in Alternative needed from the absolute crap of stuff.co.nz:
Anything to add here @MN5 ?
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11994345
She sounds like a hoot. If only I matched up with her.
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@mn5 said in Alternative needed from the absolute crap of stuff.co.nz:
@jegga said in Alternative needed from the absolute crap of stuff.co.nz:
Anything to add here @MN5 ?
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11994345
She sounds like a hoot. If only I matched up with her.
You don't want to swipe the wrong way
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I guess the question is will they go the way on Mainzeal?
https://www.stuff.co.nz/business/101433375/roll-call-of-fletcher-buildings-massive-lossmaking-construction-projects -
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@virgil said in Alternative needed from the absolute crap of stuff.co.nz:
@jegga
$1billion lost in 2 years, how the fuck are they still going?
Like how they blamed the qs guys that fucked up the quoting, some cases out by 100% ... ouchBlaming the QS guys ? Hahahahahahahahahahahaha
All that sweet Christchurch rebuild money gone too.
Labour costs have increased since they quoted for some of those projects but you'd think they have some sort of clause for that in contract , sheer incompetence really. -
Lack of management and board experience in construction industry - well documented labour difficulties - biting off more than can chew. Very glad I exited my FB holdings last May. Construction industry in NZ is littered with similar examples that led to bankruptcies. Fortunately Fletchers is divested enough to cover the losses from their other divisions. Still breaching your covenants is never a good look
Nevertheless I doubt the losses will come near to the level indicated. Having had to tell the market bad news three times now they have surely learned their lesson and over estimated a worst case scenario. Plus new CEO will want to be able to say "I have worked a miracle. Kneel down before me mere mortals and bathe in my magnificence" (It's what I'd do)
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@virgil again?
Have to be a pretty poorly run/managed organization to lose money in a construction boom.
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@taniwharugby said in Alternative needed from the absolute crap of stuff.co.nz:
@virgil again?
Haha yup, not too often of course
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@taniwharugby said in Alternative needed from the absolute crap of stuff.co.nz:
@virgil again?
Have to be a pretty poorly run/managed organization to lose money in a construction boom.
There was an article last year about how many construction companies fold up during , it’s actually worse than I thought it would be.
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@jegga expect from the smaller operators who think shit is going so well I'll buy a new Ranger, the wife a new Highlander, new boat, jet ski, go on holidays etc...but a huge corporate like Fletchers, surely incompetent or negligence?
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@taniwharugby said in Alternative needed from the absolute crap of stuff.co.nz:
@jegga expect from the smaller operators who think shit is going so well I'll buy a new Ranger, the wife a new Highlander, new boat, jet ski, go on holidays etc...but a huge corporate like Fletchers, surely incompetent or negligence?
Er my boss just bought his mrs a highlander and himself a bt50
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@bovidae said in Alternative needed from the absolute crap of stuff.co.nz:
As I understand it FB bid low to win those tenders so someone didn't do the maths and still allow themselves some wiggle room.
Yeah I think they were trying to squeeze out some of the competition at the same time as getting the work which was mostly prestigious sort of stuff . I don’t think there’s a member of the fletcher family left now too.
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@jegga will his vehicle be branded? For tax deduction etc? or is this just a spend up as he's flush (for now!)
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@paekakboyz don't need to be signwritten for tax deductions bro, just need a good accountant!
