Fleetwood Corp

Shares in Fleetwood dropped about 25% on Tuesday after the maker of caravans and manufactured accommodation said it was reviewing ‘the extent of commitment’ to its proposed Gladstone Village in Queensland. The development had been expected to house up to 1,000 transient workers and construction, originally scheduled to begin in the first quarter of the 2013 financial year, had already been pushed back to April 2013. The implication of yesterday’s announcement is that it may now go ahead in reduced form or even not at all – which is a worry since the company signed a 10-year lease on the...

Shares in Fleetwood dropped about 25% on Tuesday after the maker of caravans and manufactured accommodation said it was reviewing ‘the extent of commitment’ to its proposed Gladstone Village in Queensland.

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