Stocks of the Hour: Tamboran Resources, Adbri, Cauldron Energy
A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Adbri (ASX:ABC) and Cauldron Energy (ASX:CXU).
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We are one of Australia’s pioneering construction materials and industrial mineral manufacturing companies, with many Australians knowing us formerly as Adelaide Brighton.
We are agile and always ready to partner with our customers and communities to make sure we create a better way of life.
We’re known for delivering high performance products on time, every time. We provide cement, lime, concrete, aggregates, concrete products and industrial minerals that last the test of time.
Our people have a can-do and nimble approach that has helped us innovate and grow to become a highly valued, proud Australian ASX listed leader that supports local economies and communities.
With 17 respected brands within the Adbri portfolio, we have a product range, scale and footprint across Australia to be always ready for the next challenge.
A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Adbri (ASX:ABC) and Cauldron Energy (ASX:CXU).
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The huge cost overruns on its Kwinana project in WA have exposed Adelaide-based cement giant Adbri (ASX:ABC) to a mop-up offer from the controlling Barro family and CRH of Ireland.
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Shares of Adbri (ASX:ABC), formerly known as Adelaide and Brighton, experienced a steep decline of more than 14% in value yesterday.
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Adbri says its 1Q23 earnings were “significantly above” the same quarter of 2022 as the company faced stronger demand from a number of sectors.
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Building products group Adbri Limited has dropped its final dividend as the company struggles with cost pressures, especially in the upgrade of its operations at Kwinana, south of Perth.
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Two leading ASX-listed companies lost their CEOs yesterday in very different circumstances: Adbri in a strategic move, and miner IGO in a far more tragic fashion.
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Investors gave the Adbri share price a good seeing to on Monday, sending it down more 17% after the company revealed a weak set of figures and not much joy for the immediate future.
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The Neutral rating is retained as well as the target price of $3.25
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Target price rises to $3.40 from $3. Neutral rating retained.
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Neutral rating retained. Price target $3.50. No changes made to forecasts.
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Adelaide based cement maker, Adbri doubled its full-year profit to $93.7 million but slashed dividends as it plans a heavy spending year ahead.
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