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BLD, BORAL LIMITED
nipper
post Posted: Jun 10 2021, 10:16 AM
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In Reply To: nipper's post @ May 10 2021, 09:40 PM

Grant Samuel values Boral shares between $8.25 to $9.13, which is 40.5 per cent higher than the Seven offer at the upper end.

.... and at $6.75 today




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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
 
nipper
post Posted: May 10 2021, 09:40 PM
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In Reply To: nipper's post @ Jun 15 2020, 10:16 AM

Seven (SGH) today announces a $6.50 cash per share off-market takeover offer for all of the ordinary shares it does not own in Boral. The Offer will be made by Network Investment Holdings Pty Limited, a wholly owned subsidiary of SGH. SGH currently has an interest in approximately 23.18% of Boral.
QUOTE
Given that its interest exceeds 20% and that it has recently utilised its "creep" capacity by acquiring an additional 3% interest, SGH is currently restricted from acquiring further Boral shares on market at this time. As a result, SGH is making a takeover offer to all shareholders. In making the offer, SGH is seeking to increase its interest in Boral and would be satisfied for the Offer to result in it holding a total interest of around 30% of Boral.
The Offer provides Boral shareholders with the opportunity to get out if they want to.


Opportunistic. Nil Premium.




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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

Said 'Thanks' for this post: early birds  
 
nipper
post Posted: Jun 15 2020, 10:16 AM
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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/



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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: Jun 15 2020, 09:27 AM
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The new CEO of Boral has promised shakeup in the group.
From OZ Business
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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 company’s 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 Australia’s 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 market’s or the Board’s expectations.”

Mr Todorcevski’s 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



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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


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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 country’s 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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sent from my Olivetti Typewriter.
 
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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