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Speaker 1: Of course, he can get the critical minerals without taking

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Speaker 1: Greenland by force or even buying Greenland. All that would

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Speaker 1: require is a deal, and that is potentially what he

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Speaker 1: is trying to negotiate right now through Force ten after five,

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Speaker 1: Fletcher has taken a leaf out of Fonterra's book sold

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Speaker 1: part of its business to the French Dvancia Construction has

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Speaker 1: agreed to buy Feature's construction arm for at least three

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Speaker 1: hundred and fifteen million bucks, possibly more. Still needs overseas

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Speaker 1: Investment Office approval. ComCom has to get involved as well.

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Speaker 1: Mark Lister, investment director Craig's investment partners will me Mark,

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Speaker 1: good evening, Good to have you on the show.

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Speaker 2: Thank Ryan.

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Speaker 1: Now is this well? First of all, what are the

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Speaker 1: markets think of this?

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Speaker 2: MARKA liked it. The share price was up a little

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Speaker 2: more than two percent today, which is a good result

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Speaker 2: because it was a week day. The index was down

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Speaker 2: and there's a sea of red on the screen because

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Speaker 2: of all the concerns around what we're seeing overseas that

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Speaker 2: you just were speaking about with the previous guests. So

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Speaker 2: to be up two point four percent, biggest top biggest

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Speaker 2: positive mover in the indeed ex. Fifty. I think the

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Speaker 2: market likes what it sees.

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Speaker 1: Given the problems, and we know about the problems. They've

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Speaker 1: been well documented over the last few years. Does this

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Speaker 1: look like the start of a turnaround.

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Speaker 2: Well, I think they'll need to get a few runs

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Speaker 2: on the board from here to give us a bit

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Speaker 2: more evidence of that, but shareholders will be happy. It

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Speaker 2: won't be a surprise. They have signaled this for a

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Speaker 2: little while now. This division has been really challenging for

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Speaker 2: a while, you know, delays, cost over runs, low margins,

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Speaker 2: and Fletchers does want to simplify its business, reduce its

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Speaker 2: debt levels, focus a little bit more on the things

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Speaker 2: that it wants to move forward with. So this is

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Speaker 2: a big step towards doing that. It will allow the

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Speaker 2: company to pay down debt. They haven't had a dividend

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Speaker 2: since twenty twenty three, so I think they want to

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Speaker 2: get into a position where they can reduce debt levels

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Speaker 2: and start paying dividends again. So it doesn't completely get

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Speaker 2: them out of the dog box. They've been them for

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Speaker 2: many years now, but it's a step in the right direction.

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Speaker 1: Appreciate that. Mark Mark mister Craig's Investment Partners Investment director

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Speaker 1: with us for more from Heather Duplessy Allen Drive, Listen

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Speaker 1: live to news talks they'd be from four pm weekdays,

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Speaker 1: or follow the podcast on iHeartRadio