LIC is already carrying 27% net debt; having just taken on plenty for land acquisitions last year. Their strategy is more around increasing the sales rate, to more quickly recycle capital and get the next build underway. Buying an aluminium manufacturer / distributor doesn't really fit with that.
CAA Price at posting:
13.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)