SLC has spent a vast amount of money laying the sub-sea cabling to SE Asia and building the communications infrastructure. I have it in my watched stocks list as well and may consider buying in at some stage. An asset rich cash poor stock in my opinion, and as you said, one of these days the value of the assets may come into the radar of a big fund or private equity firm...After selling most of my SLC after a poor result, last month, I went back in today at $1.08. This follows the First State superfund takeover move on OptiComm OPC. If some long term player is gobbling up fibre optic networks, then there's a possibility another one could fall. Especially as a prior offer was at $1.90, even though it was pulled.
Yes I have looked at few of them, in fact one of the stocks in this space locally I looked at was Boral. At 27x P/E I think it may have run pretty hard already, so I may have missed the boat, getting in early on that.Enjoy the sugar rush
Have you looked at FBR and EDE ?
There more of a speculative nature than CSR.
I believe sugar prices are at a world low... ?
I have been thinking about Boral and EDI Downer as potential stimulus beneficiary candidates. WAM is in general agreement with this theory...
CSR Limited (CSR) is engages in manufacture and supply of building products in Australia and New Zealand. In Australia, CSR hold interest in the smelting of aluminium through its 70% interest in Gove Aluminium Finance Limited, which owns 36.05% of the Tomago aluminium smelter located near Newcastle . As well it hold significant industrial property (56 Freehold Sites › 1,438 hectares owned by CSR – includes operating sites) mainly in Western Sydney.Enjoy the sugar rush
Have you looked at FBR and EDE ?
There more of a speculative nature than CSR.
I believe sugar prices are at a world low... ?
OK, I got the assumption that the sugar business was still owned by CSR wrong. Well that is interesting that the sugar business still uses CSR logo and that got me thinking it was still part of CSR. It means no sugar in the business, it's more leveraged to the building industry.Wikipedia
"Founded in Sydney in 1855 as the Colonial Sugar Refining Company, the company expanded into milling cane in Queensland and Fiji from the 1870s. It quickly became the most important miller and refiner in Australasia, with a virtual monopoly on Queensland and Fiji sugar production up to, respectively, 1989 and 1972. It also sold by-products of the sugar industry, from mollasses to ethanol. In 2010, CSR sold its sugar and ethanol business, which had been given the name Sucrogen in 2009, to the Singaporean company Wilmar. As of 2015, the business is known as Wilmar Sugar."
Good one Dona.
I guess this is why I don't buy CSR sugar... The CSR name was always associated with sugar...
All the better for Austrader with sugar on the pile...
Well done on doing further research on CSR, thanks DF.CSR Limited (CSR) is engages in manufacture and supply of building products in Australia and New Zealand. In Australia, CSR hold interest in the smelting of aluminium through its 70% interest in Gove Aluminium Finance Limited, which owns 36.05% of the Tomago aluminium smelter located near Newcastle . As well it hold significant industrial property (56 Freehold Sites › 1,438 hectares owned by CSR – includes operating sites) mainly in Western Sydney.
(but no Sugar)
Good research and share.Wikipedia
"Founded in Sydney in 1855 as the Colonial Sugar Refining Company, the company expanded into milling cane in Queensland and Fiji from the 1870s. It quickly became the most important miller and refiner in Australasia, with a virtual monopoly on Queensland and Fiji sugar production up to, respectively, 1989 and 1972. It also sold by-products of the sugar industry, from mollasses to ethanol. In 2010, CSR sold its sugar and ethanol business, which had been given the name Sucrogen in 2009, to the Singaporean company Wilmar. As of 2015, the business is known as Wilmar Sugar."
Good one Dona.
I guess this is why I don't buy CSR sugar... The CSR name was always associated with sugar...
All the better for Austrader with sugar on the pile...
And the land... All they need is a John Elliott to flog everything off. Nice way to boost top line , though, in a quiet year. Bit like SOL/ BKWWell done on doing further research on CSR, thanks DF.
Yes you are absolutely right about the Aluminium involvement, in fact CSR saw a big increase in their Aluminium based revenues:
View attachment 112008
Just a bleary eyed announcement by the Treasury,Haven't had a day for the banks to shine like today for a while, something must be up...
Good analysis FRJust a bleary eyed announcement by the Treasury,
the Honourable Fries n Burger.
The guv has finally realised that the current red tape to get a loan is like plastic handcuffs...
Mortgage Choice Limited (MOC), will give details later...What sort of sneak preview is that...
what's the name...ticker
Hurry up, closing soon...
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