GreatPig
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BLD - Boral Limited
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GreatPig
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GreatPig said:
I think it is now.
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My dad used to say " You dont need to have a long neck to be a goose"
Hey Stink....Off topic but that quote reminds me of a few "pearls" that some of the old guys at my local bowling club use..One of my favorites is (after someone has played a good shot at bowls) this old gentleman often states:-
"That is like a bulls ****..........It'll take a lot of lickin' "
(nothing to do with Boral..... sorry Joe.....dont go crook!)
Hey Stink....Off topic but that quote reminds me of a few "pearls" that some of the old guys at my local bowling club use..One of my favorites is (after someone has played a good shot at bowls) this old gentleman often states:-
"That is like a bulls ****..........It'll take a lot of lickin' "
(nothing to do with Boral..... sorry Joe.....dont go crook!)
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GreatPig
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GreatPig
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Anyone know what today was all about ?
Big move for such low volume
Cheers
Big move for such low volume
Cheers
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Bongo_Boy said:
Long or short and why? Looks good for further falls IMO, at least to $6.50.
Looked at Boral's last AR report few days back (my findings are here http://sog.shopinthemall.com/2007/01/24/australia-boral-limited/) and it seems to me that even at current $8.20ish levels (being ca 13 P/E) this stock looks pretty solid.
What I like most is its seeming stability of earnings in last few years and decent Returns on Equity.
Some may say however that the near future of building industry may be somehow shaky (interest rates higher both US and AUS => slowing in building activity) which would be hard to argue.
Also I am not a big fan of companies which keep issuing new shares and therefore somehow water down the value for existing shareholders. BLD seems to be doing that quite regularly.
jkool
What I like most is its seeming stability of earnings in last few years and decent Returns on Equity.
Some may say however that the near future of building industry may be somehow shaky (interest rates higher both US and AUS => slowing in building activity) which would be hard to argue.
Also I am not a big fan of companies which keep issuing new shares and therefore somehow water down the value for existing shareholders. BLD seems to be doing that quite regularly.
jkool
Interim results released on 7 Feb and I got some facts: http://sog.shopinthemall.com/2007/02/13/australia-boral-limited-–-interim-results-fy2007/
Boral seems to be getting nowhere fast as the industry cycle is turning, earnings and profits down. The company management advises thats how its gonna be for immediate future yet the market reacts with a share price increase! Once again it would make no sense if we did not know about the rumours of potential takeover. Rumours which the Boral's management denies.
So lets sit tight and watch
.....or buy......or sell....its up to you really
Boral seems to be getting nowhere fast as the industry cycle is turning, earnings and profits down. The company management advises thats how its gonna be for immediate future yet the market reacts with a share price increase! Once again it would make no sense if we did not know about the rumours of potential takeover. Rumours which the Boral's management denies.
So lets sit tight and watch
.....or buy......or sell....its up to you really 
bigdog
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bigdog
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Possible reason for sell off!
http://www.smh.com.au/news/Business...be-flat-analyst/2007/07/10/1183833486563.html
Boral's 2008 profits to be flat
July 10, 2007 - 12:49PM
Australia's largest building and construction materials supplier, Boral Limited, is expected to report a flat profit in 2008, with a lift in performance anticipated in 2009, say analysts.
In a report released on Tuesday by investment bank UBS, building materials analysts slashed their estimates of the company's performance on the back of weak US profits and disappointing housing data in NSW.
"USA profits look as if they will be weak and last month's housing data for NSW was disappointing," the report said. "As a result, estimates are cut to show a flat 2008 profit.
"We assume a recovery in 2009."
Boral had earlier forecast a recovery in 2008 for the US and NSW housing markets, two key markets for the timber, cement and plaster board supplier.
When contacted by AAP, Boral said it would not comment on the UBS predictions, given that the company was to deliver its full year results next month.
"We won't give any comment on outlook," a media spokesperson said.
UBS said it expected Boral to make a comeback in 2009, as it was well positioned to benefit from the increased demand when it happened in both Australia and the US.
"Significant investment in manufacturing capacity should stand the company and investors in good stead when demand is there," said UBS.
Analysts at UBS also said the demand for building materials in Western Australia remained robust, although housing affordability was "a major issue".
The company was facing competition from its non-listed rival, the Buckridge Group, which was building capacity in WA and had recently started acquiring second hand kilns from eastern Europe.
"Clay brick penetration at 95 per cent of new detached housing is an excellent market for Boral, but one that is unlikely to get better and where there are some risks around the Buckridge Group's second hand new entry," analysts said.
But they believed Boral had greater long term value than implied by the "substantially lower" US earnings in the short term.
Boral's chief executive, Rod Pearse, had said in February that the recovery in the NSW and US markets would be gradual and, in NSW, the peak would be around 2010 or 2011.
In November, he said it looked like the recovery would be in the 2008 calendar year, although it was "hard to tell".
Boral has been rumoured as a target but, last October, in response to a stock exchange query, the group quashed a rumoured bid from Cemex, the Mexican cement company which is just millimetres away from moving to full acquisition of Australian building materials maker, Rinker Group Ltd.
Cemex on Tuesday said it had gained 89.76 per cent of shareholder acceptances for its $US14.25 billion ($A16.63 billion) takeover of Rinker.
Shares in Boral at 1138 AEST were down five cents to $8.48.
http://www.smh.com.au/news/Business...be-flat-analyst/2007/07/10/1183833486563.html
Boral's 2008 profits to be flat
July 10, 2007 - 12:49PM
Australia's largest building and construction materials supplier, Boral Limited, is expected to report a flat profit in 2008, with a lift in performance anticipated in 2009, say analysts.
In a report released on Tuesday by investment bank UBS, building materials analysts slashed their estimates of the company's performance on the back of weak US profits and disappointing housing data in NSW.
"USA profits look as if they will be weak and last month's housing data for NSW was disappointing," the report said. "As a result, estimates are cut to show a flat 2008 profit.
"We assume a recovery in 2009."
Boral had earlier forecast a recovery in 2008 for the US and NSW housing markets, two key markets for the timber, cement and plaster board supplier.
When contacted by AAP, Boral said it would not comment on the UBS predictions, given that the company was to deliver its full year results next month.
"We won't give any comment on outlook," a media spokesperson said.
UBS said it expected Boral to make a comeback in 2009, as it was well positioned to benefit from the increased demand when it happened in both Australia and the US.
"Significant investment in manufacturing capacity should stand the company and investors in good stead when demand is there," said UBS.
Analysts at UBS also said the demand for building materials in Western Australia remained robust, although housing affordability was "a major issue".
The company was facing competition from its non-listed rival, the Buckridge Group, which was building capacity in WA and had recently started acquiring second hand kilns from eastern Europe.
"Clay brick penetration at 95 per cent of new detached housing is an excellent market for Boral, but one that is unlikely to get better and where there are some risks around the Buckridge Group's second hand new entry," analysts said.
But they believed Boral had greater long term value than implied by the "substantially lower" US earnings in the short term.
Boral's chief executive, Rod Pearse, had said in February that the recovery in the NSW and US markets would be gradual and, in NSW, the peak would be around 2010 or 2011.
In November, he said it looked like the recovery would be in the 2008 calendar year, although it was "hard to tell".
Boral has been rumoured as a target but, last October, in response to a stock exchange query, the group quashed a rumoured bid from Cemex, the Mexican cement company which is just millimetres away from moving to full acquisition of Australian building materials maker, Rinker Group Ltd.
Cemex on Tuesday said it had gained 89.76 per cent of shareholder acceptances for its $US14.25 billion ($A16.63 billion) takeover of Rinker.
Shares in Boral at 1138 AEST were down five cents to $8.48.
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I posted about Boral in my blog, check it out.
I'm buying it tomorrow with a stop under $7.30, you're also absolutely right about the whole cycle thing, I mean we only have 20 million people here, I'm sure Boral will build houses for the millions more who want homes!!
I'm buying it tomorrow with a stop under $7.30, you're also absolutely right about the whole cycle thing, I mean we only have 20 million people here, I'm sure Boral will build houses for the millions more who want homes!!
bigdog
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BLD share price has been very disappointing over past months
This morning's reaction to ANN was fall in SP with low of $6.60!
BLD $6.72 -$0.10 -1.47% high of $6.76 with low of $6.60 1,308,481 shares $8,735,592 @ 29-Oct 10:14:26
ASX today
29/10/2007 AGM Addresses - incl Trading Update and Outlook
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00775439
CHAIRMAN’S ADDRESS
By Dr Ken Moss
Ladies and Gentlemen,
Thankyou for joining us at Boral’s 2007 Annual General Meeting.
The nature of Boral’s business is that it operates across a number of cyclical markets in the building and construction materials industries in Australia, the USA and Asia. Boral’s results for the twelve months to 30 June 2007 reflect the fact that some markets in which we operate were experiencing peak levels of demand whilst other key markets were experiencing significant downturns.
Strong levels of infrastructure and non-dwelling activity in Australia underpinned strong levels of concrete demand and a record result for Boral’s construction materials group in Australia. However, Australian housing and US housing experienced cyclical downturns, which impacted most significantly on our building products businesses in Australia and the USA.
Despite the cyclical downturns in housing, Boral delivered a solid financial performance for the year ended 30 June 2007. We continued to deliver the Company’s Perform and Grow strategy and Boral’s non-financial performance, including safety and environmental management, continued to strengthen.
Financial Performance For the 2006/07 financial year, Boral’s sales revenue of $4.9 billion was 3% higher due to price strength, stronger construction materials volumes and growth initiatives. However, earnings before interest, tax, depreciation and amortisation of $762 million were down $61 million.
Overall, Boral’s reported net profit after tax of $298 million was 18% below the previous year largely reflecting the impact of lower volumes in the USA and in Australian building products as well as higher funding costs associated with growth investments.
Importantly, growth projects that have been completed are delivering earnings benefits and are offsetting a further reduction in Boral’s EBITDA which would otherwise have resulted from the significant Australian and USA housing downturns.
There are 13 more pages
This morning's reaction to ANN was fall in SP with low of $6.60!
BLD $6.72 -$0.10 -1.47% high of $6.76 with low of $6.60 1,308,481 shares $8,735,592 @ 29-Oct 10:14:26
ASX today
29/10/2007 AGM Addresses - incl Trading Update and Outlook
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00775439
CHAIRMAN’S ADDRESS
By Dr Ken Moss
Ladies and Gentlemen,
Thankyou for joining us at Boral’s 2007 Annual General Meeting.
The nature of Boral’s business is that it operates across a number of cyclical markets in the building and construction materials industries in Australia, the USA and Asia. Boral’s results for the twelve months to 30 June 2007 reflect the fact that some markets in which we operate were experiencing peak levels of demand whilst other key markets were experiencing significant downturns.
Strong levels of infrastructure and non-dwelling activity in Australia underpinned strong levels of concrete demand and a record result for Boral’s construction materials group in Australia. However, Australian housing and US housing experienced cyclical downturns, which impacted most significantly on our building products businesses in Australia and the USA.
Despite the cyclical downturns in housing, Boral delivered a solid financial performance for the year ended 30 June 2007. We continued to deliver the Company’s Perform and Grow strategy and Boral’s non-financial performance, including safety and environmental management, continued to strengthen.
Financial Performance For the 2006/07 financial year, Boral’s sales revenue of $4.9 billion was 3% higher due to price strength, stronger construction materials volumes and growth initiatives. However, earnings before interest, tax, depreciation and amortisation of $762 million were down $61 million.
Overall, Boral’s reported net profit after tax of $298 million was 18% below the previous year largely reflecting the impact of lower volumes in the USA and in Australian building products as well as higher funding costs associated with growth investments.
Importantly, growth projects that have been completed are delivering earnings benefits and are offsetting a further reduction in Boral’s EBITDA which would otherwise have resulted from the significant Australian and USA housing downturns.
There are 13 more pages
bigdog
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IMHO Boral now must be a real cheap takeover target!!!!!!!!
http://www.smh.com.au/news/business...-dollar-worries/2007/10/29/1193555568288.html
Boral downgrades on US housing, dollar worries
October 29, 2007 - 10:19AM
Building materials group Boral says earnings in the first half, and for the full year, could be 15 per cent lower, if the Australian dollar remains strong and the US housing market is softer than expected.
The company said its Australian business was performing ahead of expectations in the first quarter of 2007/08, but that the US operations were not doing as well.
Chief executive Rod Pearse said Boral was expecting US housing starts for fiscal 2008 to be as low as 1.1 million, compared to recent, revised market forecasts of 1.25 million starts.
http://www.smh.com.au/news/business...-dollar-worries/2007/10/29/1193555568288.html
Boral downgrades on US housing, dollar worries
October 29, 2007 - 10:19AM
Building materials group Boral says earnings in the first half, and for the full year, could be 15 per cent lower, if the Australian dollar remains strong and the US housing market is softer than expected.
The company said its Australian business was performing ahead of expectations in the first quarter of 2007/08, but that the US operations were not doing as well.
Chief executive Rod Pearse said Boral was expecting US housing starts for fiscal 2008 to be as low as 1.1 million, compared to recent, revised market forecasts of 1.25 million starts.
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