ASX:FWDConsumer Durables
Fleetwood (ASX:FWD) Is Down 19.8% After Dividend Cut And Buyback Plan – Has The Bull Case Changed?
Fleetwood Limited (ASX:FWD) recently reported half-year results showing lower revenue but higher net profit, cut its interim fully franked dividend to A$0.095 per share, and announced a 12‑month on‑market buyback of up to A$5 million in shares following the sale of Northern RV’s operations.
The company also appointed Andrea Pidcock as CEO, while strong Community Solutions earnings, an improved RV Solutions contribution, and a growing Building Solutions order book contrasted with weaker cash...