Australian (ASX) Stock Market Forum

BLD - Boral Limited

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they MIGHT go for a compulsory acquisition , that is possible if the top ten shareholders own a large chunk of the company

but then again they might be happy with a majority control subsidiary

i don't think there is any time limit to a compulsory acquisition move, just share-holder approval

and not much to stop them slowly buying up extra shares on market when the price drops

ala the Ms Rinehart takeover of AGO ( Atlas Iron )









I
 
After all the corporate shenanigans I think there's an acceptable RR reversal setup on BLD now. I read rumours about a possible return of capital after a sale of a US business.

bld0510.PNG
 
will be interesting to see how they manage that when Seven Group/Australian Capital Equity hold more than 69% of the company and the market cap. is around $8.5 billion

normally a share buyback or capital return payout would be expected , but with a majority stake-holder/declared predator
 
I don't own Boral, but somehow think I should have bought some when they dropped below $6 just recently. I don't think that Seven will want to be reporting Boral separately for too long. Companies like Soul Pattinson can hold very large percentage holdings in other listed companies for a long time, but I don't think Seven can.

1 reporting season, 2 at the most, is my best guess at when Seven will say "enough is enough" and just pay up for the balance.

KH
 
The old Boral that couldn't stop spending its shareholders' money on trophy projects has gone. It is now a trimmed down cash cow controlled by an astute majority shareholder.

I can't see the majority shareholder allowing the company to disperse all that cash to the general public. Besides, just think of all that extra accounting and compliance that has to be allowed for with an ASX listed subsidiary.

The majority and controlling shareholder won't be able to put up with all this for too much longer. They will eventually decide to pay up, and take control over all that built up cash, so it is #2.5 (there was a tie for second place with WBC) in my selections for the 2022 Full Year Tipping Competition.

KH
 
11 February 2022
Boral completes sale of North American Fly Ash business
Boral Limited (ASX: BLD) today announced completion of the sale of its North American Fly Ash business to
Eco Material Technologies Inc for US$755 million1 (A$1.05 billion2
).
After completion adjustments, proceeds on sale total ∼A$9602 million, excluding US$20 million to be received
over the next two years, and prior to payment of US income tax and transaction costs expected to total
A$85–$95 million2
.
Boral’s CEO & Managing Director, Zlatko Todorcevski, said:
“The divestment of Fly Ash marks the completion of our divestment program and realigns our business
portfolio. It follows the recent sale of our North American Building Products and 50% owned Meridian
Brick businesses, and Australian Building Products businesses.
“Our strategy is to focus on our leading position as an integrated construction materials manufacturer
and supplier in Australia, build on our competitive advantage and improve our performance and
profitability to deliver higher returns for shareholders.”
Following receipt of the Fly Ash proceeds Boral will, after considering any reinvestment opportunities,
determine how to apply any surplus in accordance with its Financial Framework.

DYOR

i do not hold this share ( i got out in August 2017 @ $7.02 )

i DO hold SVW
 
Now at $2.70. Any other knife handlers been thinking of this one for a long term contrarian play? I hold none at moment. With various threats to the building industry (rising interest rates, and also possibly the W@H phenomenon) there's reason for concern; but I'm often optimistic about an eventual turnaround for the seasoned old survivors of Australian industry. My sentimentality regarding the old companies, many just limping along, is, however, probably a character flaw.

DYOR
 
@StockyGuy See my post just above. I still believe that it is a long term takeover play, so caught that knife back in the middle of June.

I am with you in that the building industry doesn't look too good at the moment, there are political issues at play as well. I'm a sucker for punishment, so plan to hold for a while yet.

KH
 
the question with BLD is ... will SVW/Stokes complete the total take-over OR revamp it and demerge it again ( or keep it long term as it currently is .. tidied up , of course )

i hold SVW ( and am still wondering if i should buy back in in case Stokes does a scrip deal giving SVW shares in exchange )

otherwise i have CSR ( 'free-carried ' ) BKW and WGN to get some construction exposure , so am thinking and watching
 
barney said:
BLD is one of my "yearly comp" picks. Long time in the doldrums chart wise.

Lots of "building" going on according to m8 builder friends. SP can only go up from here :nailbiting: (Deep analysis on my part, lol)
Click to expand...
IN THEORY Stokes/SVW should buy up the 30% stake they do not already own , but when ( it might be a decade like with LEI/CIM and Hotchief ) and how much are the questions ( i have seen no answer to )

good luck maybe this ( 2023 ) is the year
 
Wow. The market liked the report released. Up almost 13% today. No interim div, though :( I been in since $2.79.
 
and Wow!
.
Power Prices & Manufacturing

“At a certain price during the day, when the price goes up to a certain level, manufacturing stops. Because we’ve worked out economically, it’s actually better to have thousands of people waiting idle for the prices to come down than actually do the work”
- Vik Bansal, CEO, Boral Ltd​
 
Dona Ferentes said:
and Wow!
.
Power Prices & Manufacturing

“At a certain price during the day, when the price goes up to a certain level, manufacturing stops. Because we’ve worked out economically, it’s actually better to have thousands of people waiting idle for the prices to come down than actually do the work”
- Vik Bansal, CEO, Boral Ltd​
Click to expand...
obviously no cost pressures there ( sarcasm )

makes you wonder about some other energy intense businesses

( back to coal-fired kilns again , perhaps )
 
Got an email from some of those shyster lawyers telling me that I am eligible to participate in a no win no fee class action against Boral stemming from a non disclosure accusation from when i held shares back in 2017.
Not sure if this will be settled out of court, but I won't be participating in the class action.
Wonder if it will have a material impact on Boral price?

mick
 
A tipster picked BLD in the 2023 Yearly Comp. By the end of the year it had gained 86.51%, so it has now been tagged as one of the 4 Best in 2023 Comp.

So we'll keep an eye on it this year and see how it goes. Since the start of this year 2024 it's off to a OK start, only down 1% so far.

wed bld.PNG
 
Boral - BLD surged Friday after reporting strong H1 FY24 revenue of $1.839 billion, up 9.4% on pcp. Underlying bottom line NPAT was $138.6 million, up 143.9% on pcp.
The company guided the market to an underlying EBIT guidance $330-350 million (previously $300-330 million) for the full year.

As you can see below price gapped and jumped to a high of 6.10 before settling at 5.84 at close. Up 8.72% so far this Year.

1707622330989.png
 
Seven Group has bid to buy out the remaining 28.4 per cent stake in Boral it doesn’t already own,

The offer consists of 0.1116 SGH shares and $1.50 cash per Boral share.

Seven Group currently holds a 71.6 per cent controlling interest in Boral
 

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