BKW - Brickworks Limited

[Brickie]

BKW has started some serious retrenching due to the non existent housing market, then hires a new GM to oversee no workers while the executive go on a binge for two days. Serious problems coming there.

 

[GreatPig]

What's the story here?

500,000 @ $12 is $6m. Etrade shows that as the last trade, yet the summary last trade above it still shows $11.70.

This is normally a thinly traded stock. What's with the 500,000 shares?

GP

 

[3 veiws of a secret]

12-10-2006 10:22 AM $12.000 500000 $6,000,000.000 Special Crossing Trade,Crossed


OOOOPS posted to early .....seems odd the opposite to what happen to CML recently when somebody dumped some shares well below the intraday trading spectrum?

 

[3 veiws of a secret]

Great Pig .................
Did you find out the reason for the abnormal transaction ?

 

[GreatPig]

No, and it's not even showing in my EOD price data which gives the daily high as $11.92 but still a volume of 571,261.

Maybe that price was wrong and it was really $11.70, which was the current price at the time.

GP

 

[3 veiws of a secret]

Strange GP look at my post above yr current one -I doubt it was a mistake???? Who knows.........

 

[hypnotic]

Very strange indeed.... I would love to know what's going on as an employee and shareholder of the brickworks.

Strange... !!!!

 

[3 veiws of a secret]

Very strange indeed.... I would love to know what's going on as an employee and shareholder of the brickworks.

Strange... !!!!

AAAAAH can you explain the sudden drop in share price @ end of days trading? Mind you they where small lines. I see they are coming up to ex-div @25cents interesting.

 

[hypnotic]

AAAAAH can you explain the sudden drop in share price @ end of days trading? Mind you they where small lines. I see they are coming up to ex-div @25cents interesting.

Sorry i can't explain the sudden drop in share price at end of days trading... Unless perhaps its got to do with the empolyees share schemes? *shrugs*

Hypnotic,

 

[GreatPig]

Up 10.4% today on very low volume.

Someone know something we don't, or will it lose it all again tomorrow?

GP

[I hold]

 

[So_Cynical]

This threads a little quiet...anyone have an opinion on the current status of BKW ?

Company Summary.

• Market Cap: 1,366,729,536
• Issued Shares: 132,692,188
• 52-wk High: 14.75
• 52-wk Low: 9.35

They had a recent (Successful) capitol raising to refinance a heap of short term debt.

 

[Brengun]

No shame in holding this one. Seems to be holding quite well in todays dramatic market swings and one which is not giving me daily heart failure.
Whats the saying? Bricks and mortar, well bricks at least.

 

[bloomy88]

Been quite on this one for a while...

Strong balance sheet after the cap raising (net debt to equity now 15%)

Geared towards future growth in housing markets and is the market leader for brick supply in Australia.

 

[babka]

Bloomy, agree with you, now we have to wait. SP should consolidate now and hopefully start to head north.

 

[bloomy88]

Bloomy, agree with you, now we have to wait. SP should consolidate now and hopefully start to head north.

Yeah, hopefully they can continue to dominate the brick market...

Not going to make big returns quickly though as it doesnt seem to have high volatility in the SP

 

[So_Cynical]

Not going to make big returns quickly though as it doesnt seem to have high volatility in the SP

You do know about the cross ownership thingy? :: i cant remember just at the moment the other company's name...shouldn't be to hard for u to find out.

 

[bloomy88]

You do know about the cross ownership thingy? :: i cant remember just at the moment the other company's name...shouldn't be to hard for u to find out.

Washington Soul Pattison is the name of the other company.

They are involved in funds management and have exposure to new hope corporation (coal mining)

 

[Taltan]

Having been taknig a look at BKW lately. The P/E and P/B are both low which is always a good start. Their exposures seem to be Coal and Bricks. Coal is commodities, Bricks I would think would have good exposure as long as house prices remain high, meaning new houses are built. The downside I wonder is whether with lower density apartments the materials required will be different.

Any general comments on BKW or some knowledge on the building industry would be wlecome.

 

[So_Cynical]

Having been taknig a look at BKW lately. The P/E and P/B are both low which is always a good start. Their exposures seem to be Coal and Bricks. Coal is commodities, Bricks I would think would have good exposure as long as house prices remain high, meaning new houses are built. The downside I wonder is whether with lower density apartments the materials required will be different.

Any general comments on BKW or some knowledge on the building industry would be welcome.

Have been watching BKW for 4 years...the current SP weakness is being driven (in my opinion) by the poor outlook for the Aust building industry and the coming carbon tax.

http://www.brickworks.com.au/uploads/pdf/announcements/Letter-re-Carbon-Tax.pdf

As the BKW share price has been falling, BKW has been moving closer to the top of my buy list.

 

[Taltan]

Have been watching BKW for 4 years...the current SP weakness is being driven (in my opinion) by the poor outlook for the Aust building industry and the coming carbon tax.

http://www.brickworks.com.au/uploads/pdf/announcements/Letter-re-Carbon-Tax.pdf

As the BKW share price has been falling, BKW has been moving closer to the top of my buy list.

I'm in BKW now, not a great move so far either. I don't think the Carbon tax is a big player, I'm not for it myself but I think the high AUD has a lot more to do with our market woes.

On BKW its interesting that the SP doesn't move in line with SOL even though they both own each other