It will be a few years. He does eventually take it over. Its whether his son is as patience or less patient then the old man.
I think he will be less patient.
Capital return and a buyback and then a few months or a year a takeover will be done. He make the same bid as before adjusted for capital return.
However, Seven Group will be using the capital return money to pay us after the buyback has mopped up some cheap shares.
Boral rolled up with Coates Hire makes a lot of sense. Seven group clips the tickets on each contruction job from materials to plant and equipment. Both a significant market leaders in Australia.
BLD Price at posting:
$6.21 Sentiment: Buy Disclosure: Held
