What does it take, to get our directors to communicate with us: an electronic cattle prod?
They told us at the AGM, they would keep us in the loop regarding bolt-on acquisitions.
Today, Boral announced increases in full-year revenues to $4.7 bill (up 4%), and net profit after tax to $173 mill. (up 20%). They also intend acquiring (subject to regulatory approvals) the 50% interest of Lafarge in their Asian plasterboard joint venture.
The outcome of this acquisition will make them the largest plasterboard maker in the Asian-Pacific region.
From our own directors: silence.
CSR Price at posting:
$2.65 Sentiment: Hold Disclosure: Held