Interesting article on P. 26 of the weekend Aust Fin Review. The new CEO, Julie Coates, comments on the company's strategy going forward.
She will target the selloff of more vacant property owned by CSR. This will release capital, obviously.
CSR will expand into commercial building products to try to compensate for the reduction in building activity in the residential sphere.
The CFO, David Fallu, flagged that the Tomago smelter (of which CSR owns 25%), faces a "challenging future" (I assume due to due to high electricity costs, as it consumes 12% of NSW's electricity every day!)
So it looks like CSR might be becoming a bit "slimmed-down" in future.
Any ideas where the SP is heading after all this?
FHC
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