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BLD - Boral Limited

Discussion in 'Stocks 0-H' started by GreatPig, Sep 1, 2005.

  1. luutzu

    luutzu

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    Now might not be late, but could be too early.
     
  2. BlindSquirrel

    BlindSquirrel

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    Down 20% today! Market rockiness combined with a negative forecast on next year's earnings.
    $4 is a mighty tempting price!

    Ex dividend date is 30th of August for 13.5c.
     
    sptrawler likes this.
  3. sptrawler

    sptrawler

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    It sounds as though the Federal Government, is going to start and roll out a stimulus package in October, so it may bode well for Boral.
    I don't hold Boral.
    https://www.smh.com.au/politics/fed...e-buybacks-and-dividends-20190825-p52kki.html
    From the article:
    Mr Frydenberg's speech will include a promise to make productivity an agenda item at the next meeting of state and federal treasurers in October. He will also reveal the government is actively considering which projects from its $100 billion 10-year program can be brought forward to stimulate the economy.
     
  4. bigdog

    bigdog Retired

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    still down 20%
    upload_2019-8-26_14-6-16.png

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    Last edited by a moderator: Aug 26, 2019
  5. JTLP

    JTLP

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    Can anyway tell me what Boral do now after they sold the brick business? Is it just building supplies?
     
  6. Garpal Gumnut

    Garpal Gumnut

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    They do SFA.

    In an environment where Infrastructure projects are coming on board by the $100m and one cannot travel more than 40k on a major highway in Australia without having to slow to 60kph or 40kph because of roadworks, BLD, Boral, (The Muppets) have been devalued today by 20%.

    The so-called Institute of Company Directors needs to run a spelling test over Directors who can waste so much shareholder's capital in so short a time.

    Muppets all of them.

    gg
     
  7. So_Cynical

    So_Cynical The Contrarian Averager

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    Back to post GFC lows and it's not the same business it once was, much higher US earnings now - however if one believes that we are well into
    a low growth phase that may last for decades then Boral isn't the sort of business that you want to own, under 4 bucks is crazy tempting though.
    ~
    BLD10.jpg
     
  8. bigdog

    bigdog Retired

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    ASX announcement late yesterday 5/12/2019 5:36:13 PM Boral's North American Windows business (uploaded)

    The share price is currently down 5.69%

    Late yesterday Boral announced that it has identified certain financial irregularities in its North American Windows business. This includes the misreporting of inventory levels and raw material and labour costs.


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  9. bigdog

    bigdog Retired

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    ASX announcement 10/02/2020 8:54:31 AM Boral Update (uploaded below)

    Share price currently down 10.49%

    Update on Boral’s North American Windows business
    The investigation determined that finance personnel within the Windows business manipulated
    accounts and financial statements primarily to artificially inflate the overall profitability and health of
    the Windows business. The investigation found no evidence that the manipulations were to hide
    systematic theft of raw materials or finished goods inventory. The misconduct occurred over an
    approximately 20-month period to the end of October 2019.

    The employment of both the Vice President Finance and the Financial Controller in Windows have
    been terminated

    Impact on FY2020 and prior year results
    Pre-tax earnings were overstated by a total of US$24.4 million between March 2018 and October
    2019. This is in line with Boral’s preliminary estimated impact on earnings before interest, tax,
    depreciation and amortisation (EBITDA) of ~US$20 million to US$30 million. In addition, legal and
    associated investigation costs incurred in the first half are around US$1 million.

    Update on 1H FY2020 Results and FY2020 Outlook Guidance
    Boral’s Net Profit After Tax (NPAT) before significant items for the six months ended 31 December 2019 is $156 million, subject to completion of the auditor’s interim review.

    Excluding the impact of the new IFRS leasing standard (AASB 16), Boral’s NPAT1 of $159 million is 18% below the restated 1H FY2019 NPAT1 of $192 million.

    An interim dividend of 9.5 cents per share (50% franked) will be paid on 15 April 2020,
    representing a payout ratio of 71%.

    FY2020 Guidance and Outlook
    Boral expects its FY2020 EBITDA to be down relative to FY2019, with lower reported EBITDA in all three divisions.

    Together with higher depreciation charges, this translates to an expected NPAT1 range of around $320-$340 million for FY2020, which compares with a restated FY2019 NPAT of $420 million after adjusting for Windows misreporting.

    An accounting scandal and five profit downgrades in 20 months gave Boral chair Kathryn Fagg no choice but to bring forward Mike Kane's retirement.

    Boral has confirmed that the profit hit from an accounting scandal in its North American windows business will have the effect of wiping $US22.6 million from pre-tax earnings across the 2018 and 2019 financial years.

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  10. BlindSquirrel

    BlindSquirrel

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    sounds like a buying opportunity!
     
  11. The Grinch

    The Grinch

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    Good day for boral today, hope it keeps moving.
     
  12. Trav.

    Trav.

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    Like a lot of stocks BLD's SP suffered over the last few trading days ( ~ -9% ) but finished strong on Friday and system has flagged it as a buy.

    Just watching for pull back to be confirmed but with the recent government building bonus scheme announced I think that this company and others in the sector have a chance to continue some sort of a SP recovery

    upload_2020-6-14_15-29-57.png
     
    rnr and Garpal Gumnut like this.
  13. Dona Ferentes

    Dona Ferentes

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    There's a story on relative valuations; JHX versus the rest of the building sector. Based on views of a longer term investor. Not sure the market will reprice quickly, though.

    https://www.sharecafe.com.au/2020/06/09/3-companies-showing-significant-value/

     
    Last edited: Jun 14, 2020

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