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.


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

CSR, CSR LIMITED
mullokintyre
post Posted: Oct 26 2020, 09:31 AM
  Quote Post


Posts: 2,855
Thanks: 1037


No Posts on CSR in almost 8 years.
Guess its not fashionable.
Up a fair bit today, to go along with recent increases.
Now within spittin distance of a 52 week high.
Not a bad dividend at 14 cents, and going ex div in two weeks.
I bought theses and some Boral back in June when building stimuli in Vic were announced.
Happy with both of them.
Mick



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

Said 'Thanks' for this post: early birds  
 
plastic
post Posted: Nov 3 2012, 11:27 AM
  Quote Post


Posts: 10,355
Thanks: 305


In Reply To: macduffy's post @ Nov 3 2012, 11:06 AM

I must be completley in the wrong ball park walkng around in delusional circles if you are agreeing with me. king.gif



--------------------
What did Uncle Mel do to us?
 
macduffy
post Posted: Nov 3 2012, 11:06 AM
  Quote Post


Posts: 2,379
Thanks: 263


In Reply To: plastic's post @ Nov 3 2012, 10:11 AM

You may well be right on some of these speculations. The building products sector certainly appears ripe for restructure/consolidation.

Note, though, that RIO owns the Tiwai Point smelter - not BHP.

 
plastic
post Posted: Nov 3 2012, 10:11 AM
  Quote Post


Posts: 10,355
Thanks: 305


CSR is clearly in play. Most likely a takeover or a break up. Fletcher Building seems the most likely candidate. Just looking at the most basic of data indicates as much. First the PE ratios. FBU at 27. CSR 11. BLD 15.

Second, FBU isn't even covering its dividend with earnings. So needs to increase earnings or pare back the dividend which would be a death knell knock on the head for the share price.

They have regularly complained about not having enough liquidity or exposure in Au. and often said buy-outs would overcome this. Witness Crane and Laminex as recent moves in Au. But the Formica play makes it a global player in laminates. That might indicate why JP Morgan Chase entities hold just over 20% of their stock with NZ govt agent ACC holding a few percentage points as well.

Kicking around the aluminium company, currently there are three things in play. One being GPG/Ron Brierley's Capral. At least it used to be GPG/Ron Brierley's Capral. GPG has basically been taken over by fund managers and NZ govt agent ACC. Their intent is to sell off all assets except for Coats Group. So we can say Capral is on the market.

The other is BHP's Tiwai Point aluminium smelter. The largest employer in the area it inhabits. Currently it is being brought to its knees and driven in to the red by a combination of poor market conditions another NZ govt owned body, the power supplier, who refuses to make concessions on providing cheap power to make them become profitable. So it is a fair guess, the government knows the political fall out from the ensuing unemployment that will follow and as operations wind down the lower consumption of power showing up as a smaller dividend on the govt's balance sheet.

Therefore, it is not unreasonable to speculate the government have plans to buy in to Tiwai Point under John Key's PPP architecture.

Making the likelihood of CSR's aluminium business being up for grabs pretty high if the John Key plan includes having some kind of a trans-Tasman aluminium business as part of the wider FBU growth plan.

From that, we can extrapolate the rest of the company is up for grabs and will probably be swallowed and spun out in to seperate entities by FBU given the obvious synergies in laminates, gypsum and construction.

The sugar and concrete deals do nothing but reinforce this scenario.



--------------------
What did Uncle Mel do to us?
 
Carsha
post Posted: Jul 18 2012, 06:58 PM
  Quote Post


Posts: 1,342
Thanks: 166


In Reply To: prakashd3000's post @ Jul 18 2012, 06:28 PM

This just goes to show you need to be forever on your guard in the present market.

The days of hold and collect divs with an increasing sp are gone.
Now you need to have a finger on the sell button soon as the chart starts a down trend or the fundamentals change.

CSR is not the only one in this regard I see plenty of good stocks losing their shine lately in a big way.

CS

 
prakashd3000
post Posted: Jul 18 2012, 06:28 PM
  Quote Post


Posts: 54
Thanks: 2


In Reply To: macduffy's post @ Jul 18 2012, 01:11 PM

Yes, the entire building sector is down. But the share price fall from $3.60 to$1.17 is like falling off the cliff.
It might takes years to get back.

 

Featured Stock Stories





plastic
post Posted: Jul 18 2012, 05:40 PM
  Quote Post


Posts: 10,355
Thanks: 305


Break up pending. Thats the word from those in the know of building products. That includes Graeme Hart with his Carters business and Fletcher Builidng. BLD are working with someone else.

Sugar was just the start. That had Brierley finger prints all over it given his MSF involvement.

Best time to reorganize an industry is at its cyclical low. Might be something to do with the cartel like behaviour of some firms.

Watch this space.



--------------------
What did Uncle Mel do to us?
 
macduffy
post Posted: Jul 18 2012, 01:11 PM
  Quote Post


Posts: 2,379
Thanks: 263


In Reply To: Carsha's post @ Jul 18 2012, 12:59 PM

QUOTE
What the hell is wrong with csr?


It's not just CSR but the entire building products sector.Take a look at BLD for example.

 
Carsha
post Posted: Jul 18 2012, 12:59 PM
  Quote Post


Posts: 1,342
Thanks: 166


In Reply To: Carsha's post @ Jun 17 2012, 08:18 AM

Not sure there is a bend at the end for this one.
Looks more like a cliff coming up.

What the hell is wrong with csr?

CS

 
Carsha
post Posted: Jun 17 2012, 08:18 AM
  Quote Post


Posts: 1,342
Thanks: 166


In Reply To: mercury's post @ Jun 16 2012, 05:47 PM

A look at the 12 month chart tells you all you need to know about csr.
But has to be a bend at the end surely ?

CS

 
 


40 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