Farewell Boral
It’s goodbye, Boral (ASX:BLD), as the company’s briefly rebellious independent directors accept a remade offer from Seven Group Holdings, the largest shareholder.
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Stokes’ bid for Boral hits road bump
Kerry Stokes’ Seven Group Holdings (ASX:SVW), hoping for an easy mop-up bid for the rest of Boral (ASX:BLD), has hit heavy going with the target company telling shareholders on Tuesday to reject the offer.
Read MoreSeven Group’s bid for Boral targets minority stakeholders
Kerry Stokes' Seven Group (ASX:SVW) is bidding to acquire the 28.4% minority stake in Boral (ASX:BLD) with an offer that, despite its $6.05 per share price, holds a mere 20 cents premium to Friday's closing sale of $5.85.
Read MoreBoral upgrades yearly earnings guidance
The Kerry Stokes-controlled building products giant, Boral, has upgraded its full-year earnings guidance after revealing a strong performance for the six months to December.
Read MoreBoral’s earnings projection soars by 10%
Shares in cement and building products group Boral surged by more than 7% early on Monday after the company surprised with a 10% increase in projected earnings for the 2023-24 financial year.
Read MoreBoral reports solid profitability, withholds dividend under Seven Group Holdings
In a significant return to profitability for the year ending on June 30, building products conglomerate Boral has decided to withhold dividends, a move that holds no major concern as the entity is now under the control of Kerry Stokes' Seven Group Holdings.
Read MoreMarket Murmurs: BLD, AMC
Solid enough December half-yearly reports were released on Wednesday by two of our country’s industrial giants – the Kerry Stokes-controlled Boral and packaging leader Amcor.
Read MoreBond Street Briefs: SGM, EGG, BLD
Another heavy news day among ASX stocks on Wednesday, including earnings upgrades from companies of very different sizes and a somewhat controversial key hire.
Read MoreBLD – Macquarie rates the stock as Outperform
Outperform rating retained, target price falls to $4.05 from the previous entry in the FNArena database of $4.30.
Read MoreWednesday Whispers: BSL, BLD, APE
A fair bit of news around the ASX on Wednesday, and here’s all the latest from steelmaking giant BlueScope, Kerry Stokes-controlled Boral and local automative retailer Eagers.
Read MoreBLD – UBS rates the stock as Neutral
The broker lowers its target price to $3.45 from $3.65. Neutral.
Read MoreBoral Sold Off after Soggy Earnings Report
The big East Coast wet has taken a chunk out of Boral’s earnings, sending the shares down 7% at one stage on Tuesday in what looks like to have been a bit of an overreaction.
Read MoreBourse Discourse: BPT, BLD, AZJ, CAR
A busy old Monday session on the ASX with a bunch of news out from various companies and sectors. Here’s the latest from Beach Energy, Boral, Aurizon and Carsales.com.
Read MoreMarket Murmurs: BLD, RHC
News today that Boral will return $3bn in capital to shareholders later this month, while Ramsay Healthcare announced the acquisition of UK mental health care provider Elysium.
Read MoreBLD – Macquarie rates the stock as Outperform
Outperform retained, target falls to $7.20 from $7.50.
Read MoreMarket Murmurs: SIG, BLD
Here are a couple of snippets in a weird old start to the week for the ASX from medical group Sigma Healthcare (ASX: SIG) and buidlng materials major Boral (ASX: BLD).
Read MoreStock News: Scali Adds, Boral Subtracts
Nick Scali has gone deeper into couches and lounges with the purchase of rival retailer Plush, while Boral has offloaded its North American building products and timber division as well its Australian timber business.
Read MoreBoral Case Study: Building a Position in Cyclical Companies
In reflecting on the last couple of years we are pleased with the fund’s performance, delivering solid returns for our unit holders. Here, we consider one of the stock picks that worked out well for us.
Read MoreProfit Briefs: BLD, VEA
As the reporting season winds down, here are snippets from the results announced yesterday by Kerry Stokes-controlled Boral Limited and fuel supplier Viva Energy Group.
Read MoreQuestions Linger as Boral Bid Nears Completion
Kerry Stokes and Seven Group have less than a week to go on their $8.5 billion bid for Boral but questions continue about the financial health of the post-bid group.
Read MoreDecision Time for Stokes with Boral
Did Kerry Stokes’ Seven Group Holdings really want to get more than 50.01% of the issued capital of Boral and take on all the problems of a majority-owned subsidiary?
Read MoreStokes Gets His Way with Boral
Kerry Stokes’ Seven Group Holdings has lifted its stake in Boral to 35%, giving it control and bringing to an end its battle with the Boral board and management.
Read MoreStokes, Seven Get Upper Hand in Boral Arm Wrestle
The Kerry Stokes-controlled Seven Group Holdings is on the way to winning the battle over Boral after yesterday getting enough acceptances to boost its offer price.
Read MoreGame of Chicken Continues in Boral
The market in Boral shares will be a hotbed in coming days after Seven Group Holdings was forced to boost its share price to a realistic level of well over $7 a share.
Read MoreHeat Goes out of Boral Buying Binge
Pressure on Boral shares dissipated Thursday as they slid 3.6% to $6.90 after surging on huge turnover Wednesday to their highest level since 2018.
Read MoreBLD – Macquarie rates the stock as Outperform
After a short period of restriction Macquarie now rates Boral as Outperform with a target of $7.80.
Read MoreStokes Twists the Knife into Boral
Kerry Stokes’ Seven Group has altered its $8 billion bid for Boral a little, making the $6.50 a share offer unconditional and allowing investors who accept the price to be paid in 7 days.
Read MoreGames Afoot as Boral Exits US
An anti-Seven Group move or is Boral’s sale of its North American building products business merely another step towards Kerry Stokes grabbing control of the building products giant on the cheap?
Read MoreBoral’s “No” Likely to Fall on Deaf Ears
Boral shares sagged a little yesterday after it told its shareholders to reject the $8 billion, $6.50 per share off-market takeover bid from Kerry Stokes’ Seven Group Holdings.
Read MoreBoral Tells Shareholders to Rebuff Seven Overtures
Boral has told shareholders to reject the $6.50 a share cash, $8 billion offer from major shareholder Seven Group Holdings, which is controlled by Perth-based billionaire, Kerry Stokes.
Read MoreProblematic Portfolio Continues to Weigh on Boral
While sector rival James Hardie continues to turn things around, Boral is still struggling to get rid of dud assets bought by the previous CEO, Mike Kane.
Read MoreBoral Offloads Plasterboard Business To Knauf
The dismemberment of the underperforming building products giant, Boral, has started with the sale of its plasterboard businesses to its partner for more than $A1.4 billion.
Read MoreSeven Group Cements Down Boral Stake With Two Board Seats
Perth-based Billionaire Kerry Stokes’ Seven Group has grabbed two board seats at embattled building materials group Boral to go with its now dominant minority shareholding of 20%.
Read MoreUS Woes Weigh On Boral As Shareholders Miss Out On Dividend
Struggling US and Australian building supplies company Boral has given shareholders the bad news early about its weak financial state.
Read MoreBeacon Shares Light Up As Virus Lockdown Lifts Sales
Just as Bunnings has surprised with solid sales growth during the COVID-19 lockdowns, along with Harvey Norman and JB Hi-Fi The Good Guys whitegoods chain, so has lighting specialist Beacon Lighting.
Read MoreMarket Welcomes New Boral Boss As Shares Edge Higher
Monday’s announcement of a new CEO for struggling building products group, Boral was only worth around $10 million or 8 cents a share to the share price at the close on of ASX trading.
Read MoreStokes Cements Media Exit With Boral Stake
Kerry Stokes and son and heir Ryan, have sent another strong message that the legacy media sector, where they first made their name and then lost a fortune – is no longer of any relevance by emerging with a near 10% stake in struggling building products giant, Boral.
Read MoreBLD – Credit Suisse rates the stock as Downgrade to Neutral from Outperform
Credit Suisse describes the drop in profitability in the latest update as “stunning”, with margins down -7-10%, and despite little apparent impact from the pandemic on revenue.
Read MoreWho (Eventually) Benefits From The New Oil Shock
In more normal times – and nothing is normal at the moment – low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
Read MoreNew Downgrade Cements Departure Of Boral Boss
Shares in Boral sold off yesterday after confirming staff at its North American windows business inflated earnings by nearly $37 million for 18 months between March 2018 and October 2019, as well as an earnings downgrade partly generated by the impact of the bushfires.
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