Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

A reminder to all members that you agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


5 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

BLD, BORAL LIMITED
nipper
post Posted: Jun 15 2020, 10:16 AM
  Quote Post


Posts: 7,087
Thanks: 2433


BLD and others get a bit of a wrap from a value investor


https://www.sharecafe.com.au/2020/06/09/3-c...nificant-value/



--------------------
"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: Jun 15 2020, 09:27 AM
  Quote Post


Posts: 2,508
Thanks: 894



The new CEO of Boral has promised shakeup in the group.
From OZ Business
QUOTE
Construction materials giant Boral has appointed prominent director Zlatko Todorcevski to replace long-serving boss Mike Kane as chief executive, with a shake-up on the cards after the new boss declared there were no sacred cows when assessing the companys assets and strategy.

Mr Todorcevski will quit as deputy chairman of Adelaide Brighton, a rival to Boral, and also step down from director roles at supermarket retailer Coles and casino operator The Star Entertainment Group over the next few months.

The new Boral chief, who has held a number of high profile executive roles at Brambles, Oil Search and BHP will assume the CEO role on July 1, with Mr Kane due to retire in September.Boral shares have fallen by 60 per cent in the last two years with the company facing criticism for failing to more effectively cash in on Australias infrastructure boom and now facing an uncertain outlook for construction in the wake of the COVID-19 pandemic.

Mr Todorcevski, who will be paid $1.75m in fixed salary and $150,000 in Boral shares, said the company had under-performed in recent times.

This is a great, iconic Australian company, with an excellent brand, a committed and passionate workforce, strong market positions, and solid underlying business fundamentals, Mr Todorcevski said. But it is fair to say that in recent times, the company has not performed in line with the markets or the Boards expectations.

Mr Todorcevskis experience in business turnarounds was also noted by Ms Fagg.

With exceptional commercial acumen, strategic insight and a focus on return on capital, Zlatko has a strong track record as a senior executive in a number of large industrial and energy companies, with international operations, Ms Fagg said. His experience in leading major transformations, including business turnarounds, as well as in capital allocation and strategic portfolio management, are critically important for Boral.

Hopefully, it will signal a boost in the share price, been on an upward trend for a few months now, I hope it continues.
Mick



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Jun 2 2020, 09:09 PM
  Quote Post


Posts: 2,508
Thanks: 894


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



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Jun 2 2020, 03:48 PM
  Quote Post


Posts: 2,508
Thanks: 894


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




--------------------
sent from my Olivetti Typewriter.
 
plastic
post Posted: May 19 2020, 08:46 AM
  Quote Post


Posts: 10,061
Thanks: 299


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.



--------------------
What did Uncle Mel do to us?
 
mullokintyre
post Posted: May 18 2020, 10:27 AM
  Quote Post


Posts: 2,508
Thanks: 894


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



--------------------
sent from my Olivetti Typewriter.
 

Featured Stock Stories





plastic
post Posted: Sep 23 2019, 06:04 PM
  Quote Post


Posts: 10,061
Thanks: 299


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.



--------------------
What did Uncle Mel do to us?
 
mullokintyre
post Posted: Jun 9 2019, 11:29 AM
  Quote Post


Posts: 2,508
Thanks: 894


In Reply To: early birds's post @ Jun 9 2019, 10:43 AM

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




--------------------
sent from my Olivetti Typewriter.
 
early birds
post Posted: Jun 9 2019, 10:43 AM
  Quote Post


Posts: 12,797
Thanks: 1458


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
  Quote Post


Posts: 7,087
Thanks: 2433


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.



--------------------
"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
 
 


5 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING