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BLD, BORAL LIMITED
mullokintyre
post Posted: Jun 2 2020, 09:09 PM
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In Reply To: mullokintyre's post @ Jun 2 2020, 03:48 PM

And also up on the expectations of a takeover.
According to The Oz


QUOTE
Seven Group Holdings has emerged with a stake in Boral Group amid talk that the company remains a takeover target, say sources.

Seven was understood to have been buying shares through the UBS equities desk.

It is understood that Seven is buying only a friendly stake in the company and is not looking to launch a takeover of the business.

It comes after heavy trading in Boral in recent days and after suggestions it might be ripe for a takeover or a breakup with some shareholders lobbying for the move.

CRH and Lone Star Funds were earlier said to be circling the countrys largest building materials provider.

Seven has bought stakes in listed companies in the past as investments, including Beach Energy, Estia, Telstra and Woodside Petroleum, among others.

Seven Group also owns a 15 per cent stake in the Shell-operated Crux gas and condensate field offshore north-western Australia.


Think i will exit soon, don't want to be caught up in these games.
Mick



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mullokintyre
post Posted: Jun 2 2020, 03:48 PM
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In Reply To: mullokintyre's post @ May 18 2020, 10:27 AM

Bld up again on expectations of stimulus from Government.
Up 50% since I bought in, not sure whether to sell on the rumour and take my money or hold on.
Trouble is, I don't have anything else I want to put it into, and interest rates are hardly alluring.
Mick




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plastic
post Posted: May 19 2020, 08:46 AM
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Throw CSR into the mix, maybe one or two others and you have the perfect set-up for some overdue M&A.

Might explain why someone has their thumb on the price.



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What did Uncle Mel do to us?
 
mullokintyre
post Posted: May 18 2020, 10:27 AM
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BLD is a stock that has not really recovered from the big virus induced sell off.
After spending most of last year moving between 5 and 5,50, it plunged below 2 bucks in the big sell off.
At todays price of 2.50, it is still barely half of where it was lat year.
The Vic govt has announced a 2.5 billion construction blitz to get the economy going (or to line the pockets of theCFMEU and ultimately the ALP).
Either way, this should be good for the likes of BLD.
I would suggest that NSW and to a lesser extent the other states may well follow suit.
Have taken a small introductory parcel just in case.
Mick



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plastic
post Posted: Sep 23 2019, 06:04 PM
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USG have recently partnered up with Boral in NZ for drywall distribution. Not like the Americans wanting to play second fiddle for long. Expect a buy out of dry wall at least but probably the whole shebang. When it happens FBU is going to be smashed. Their drywall operations is their cashcow in NZ.



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What did Uncle Mel do to us?
 
mullokintyre
post Posted: Jun 9 2019, 11:29 AM
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In Reply To: early birds's post @ Jun 9 2019, 10:43 AM

Could be EB, who knows what drives the market these days,!




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early birds
post Posted: Jun 9 2019, 10:43 AM
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https://au.yahoo.com/finance/news/analysts-...-015342616.html

This will have implications for S&P/ASX 200 (Index:^AXJO) (ASX:XJO) stocks. Those with large US dollar exposure will benefit from the weak exchange rate and they include the Boral Limited (ASX: BLD) share price and RESMED/IDR UNRESTR (ASX: RMD) share price, just to name a few.

On the flipside, those who sell locally and have US dollar costs could be disadvantaged. These include retailers like Premier Investments Limited (ASX: PMV) – although they probably have more to worry about than the exchange rate – and Coca-Cola Amatil Ltd (ASX: CCL).
===============

Mick
is this the main reason for BLD to rise last few weeks??? unsure.gif



 
nipper
post Posted: May 31 2019, 11:39 AM
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In Reply To: mullokintyre's post @ May 31 2019, 10:22 AM

QUOTE
In an investor briefing this morning building materials group Boral says the infrastructure market continues to be “strong” but it is looking for a “strong June to finish the year”.

While Boral refrained from issuing any new earnings guidance until August, it said demand is shifting from supplying residential housing projects to infrastructure.

Still it noted south-east Queensland and NSW residential was softening but Victorian infrastructure projects are strengthening. Overall, concrete volumes continue to be softer relative to prior year, it added.

It says capital expenditure should reduce going forward while earnings from its land holdings, particularly as disused quarries are converted, remain a feature of the business including adding around $30 million in financial 2019.
- stronger but for how much longer? Though infrastructure has scale and predictability.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: May 31 2019, 10:22 AM
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In Reply To: mullokintyre's post @ May 3 2019, 10:14 AM

Obviously the market thinks that BLD will benefit greatly from the non change in Government.
Upward momentum confirmed.
Not only holding that 5 handle, but gone right thru it.

Next stop looking for that 7 handle from September last year.

Mick



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mullokintyre
post Posted: May 3 2019, 10:14 AM
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In Reply To: mullokintyre's post @ Apr 17 2019, 02:49 PM

Touched 5 handle this morning.
Been a gradual rise since March.
Added to my small position to make it a medium position.
Bit of a gamble I know, it may not hold above 5, but willing to take a small risk.
Mick



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