Fleetwood: Result 2014

There was little good news to be gleaned from the result but the share price of this one time darling already bakes in bad news.

Salvation came from an unexpected source for Fleetwood. The company’s full year result confirmed that its two primary businesses – supplying accommodation to the mining industry and manufacturing and selling caravans – both continued to struggle. Yet stronger sales of buildings to the education sector in Queensland, Victoria and Queensland saved the business from reporting a loss. It was close though: profit was less than a million dollars.

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