Sam Stubbs: Simplicity Founder on Fletcher Building's shares plummeting after the announcement of their half-year financial results

Published: Feb. 14, 2024, 6:41 p.m.

There\u2019s a view that the entire Fletcher Building board should go as the company's Chief Executive and Chair call it quits.\xa0

The company's half-year financial result was announced alongside the two resignations, a first-half loss of $120-million.\xa0

Shares have plummeted.\xa0

Simplicity Founder Sam Stubbs told Mike Hosking that he believes the board would struggle to tell shareholders why they should stay.\xa0

He claims the company's been a 'trainwreck' for some time now.\xa0

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