Corporate shake-ups: Saint-Gobain acquires CSR, CRH secures Adbri
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On Monday, CSR formally fell to the French giant Saint-Gobain. On Tuesday, Adbri formally fell to the Ireland-based CRH.
Read MoreOn Monday, CSR formally fell to the French giant Saint-Gobain. On Tuesday, Adbri formally fell to the Ireland-based CRH.
Read MoreCSR (ASX:CSR) is disappearing with its French suitor, Saint-Gobain, striking a formal deal to make a bid at $9 a share.
Read MoreCSR (ASX:CSR) has confirmed that it has received a $9 per share bid approach from French building products giant Saint-Gobain.
Read MoreWeaker results from its non-core operations in property and aluminum outweighed a record six-month contribution from its building products businesses for CSR (ASX:CSR) in the six months ending September 30. As a result, the company trimmed its interim dividend to 15 cents a share from the previous 16.5 cents for the half-year.
Read MoreA small lift in final dividend to reward shareholders in building materials group CSR after it revealed a 17% rise in full year profit for the year to March 31.
Read MoreEmma Fisher, PM of the Airlie Australian Share Fund, explains why her firm sees diversified industrial CSR, a recent addition to their portfolio, as a good cyclical play right now.
Read MorePM Emma Fisher reflects on the volatility of the past year and discusses Airlie’s investment thesis behind building products company CSR, recently added to the portfolio.
Read MoreAfter barely a blip on Wednesday in response to CSR’s full year result, Thursday saw a new, negative attitude emerge and the company’s shares sold off 10% for the session.
Read MoreNeutral retained, target rises to $6.70 from $6.00.
Read MoreA solid 30% rise in net earnings for the half year to September for building products group CSR saw the company’s shares hit levels not seen for 10 years or more on Thursday.
Read MoreThe risks are estimated to be lower for CSR, given a high level of vertical integration. The Buy rating and $7.40 target are maintained.
Read MoreProperty sales and resurgent building activity are the keys to CSR, reflected in healthy FY21 results and strong dividends.
Read MoreYum went investors as they sighted the full year results from building products giant CSR, with a higher profit and what would be a welcome final dividend for the year to March.
Read MoreShareholders in building products group, CSR received some welcome news on Wednesday – a reinstated final dividend after a nice rise in full year earnings for the 12 months to the end of March.
Read MoreA more confident outlook about the housing and apartment constriction sector saw a major change in policy from CSR yesterday. Shares in CSR bounced nearly 6% yesterday after the building products group revealed that it will resume paying dividends to shareholders.
Read MoreCredit Suisse observes the projected volume decline has disappeared and multi-residential units are now the only segment showing material weakness.
Read MoreMacquarie is bullish on CSR’s building products segment led by a more resilient detached market and has raised FY21 building products operating income forecast by 23%.
Read MoreCSR has shown only a modest impact from the pandemic and housing downturn so far, but caution is urged as the outlook is far from clear.
Read MoreBuilding products group, CSR has dropped its final dividend, and its chief executive and other senior leaders have forfeited their short term bonuses to preserve cash in the business.
Read MoreIn 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 MoreThe outlook for the property division in western Sydney is bright, UBS assesses. The new airport, due in 2026, and the proposed developments are leading to escalating land values.
Read MoreNo wonder CSR chairman, John Gillam was waxing lyrical about rising electricity and gas costs and the dangers they pose to Australian manufacturing at yesterday’s annual meeting of the building products maker.
Read MoreBuilding and construction products group, CSR has looked outside the company for its new CEO to replace Rob Sindel who departs later this year.
Read MoreThe building sector boom is well and truly over, judging by the full 2018-19 results from CSR Ltd yesterday.
Read MoreCSR has finally found a buyer for its underperforming Viridian Glass business in the shape of local private equity group, Crescent Capital Partners for a total cash consideration of around $155 million, which could top $200 million once all property associated with the group is sold next year.
Read MoreA mixed reaction from investors to earnings reports from building products group, CSR and from explosives maker, Orica which didn’t set the market afire on Friday.
Read MoreBuilding materials manufacturer CSR has confirmed media reports from last week that it is looking at selling its weakly performing Viridian glass business.
Read MoreInvestors marked down CSR shares yesterday despite the building products reporting what seems to have been a solid 2017-18 result, and a small rise in final and annual dividend.
Read MoreShares in CSR were solid off yesterday after investors went off the interim result and strong hints of profit pressures in the next year.
Read MoreThe building and constriction boom remained alive for CSR Limited in the year to March 31, but the impact is fading as approvals soften and demand for new residences start to slow.
Read MoreShareholders in building products group CSR were told yesterday that the company remains positive about the coming year and again expects to benefit from the home building and apartment construction booms.
Read MoreBuilding products group CSR has confirmed the solid rebound reported in its in interim profit late last year in reporting an 82% jump in underlying full-year profit yesterday to $146.5 million, thanks to the surge in new home construction which boosted sales of bricks, glass and other products.
Read MoreThe building industry boom continues to lift revenues and earnings for a growing range of companies including Boral, Brickworks, Stockland, Mirvac and, yesterday, CSR which revealed a 48% jump in half year profit to $68.4 million.
Read MoreNo wonder CSR is upbeat on the outlook for the property and home construction sectors – the rebound engineered by the record low interest rates from the Reserve Bank have stimulated demand for the company’s key products, enabling it to emerge well placed from the weak trading conditions of the two to three previous years.
Read MoreGood news from two leading building industry players today, DuluxGroup (DLX) and CSR, with both companies providing upbeat outlooks for 2014.
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