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$5.83 boral limited.

Agreed, with only around 260 million shares (excluding Stokes...

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Grajem12

1,227 Posts.

161

24/08/21

10:29

Post #: 55521117
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Originally posted by Dockers07: ↑

I'm not sure it will do very much..Stokes owns 70% and they cant sell, MQG owns about 9% and I reckon they would have had known what the plan is a major investor. With debt reduced so much I reckon MQG has found something for them to buy and they are readying the coffers for it. With only 20% free float it doesn't leave much to shift the market. Those who held some in expectation of a divi might finally quit and book profits but maybe counteracted by the instos who will like the fact that debt has materially declined and NPAT going in the right direction. Lottery today on open

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Agreed, with only around 260 million shares (excluding Stokes and Macquarie holdings) the lower volume trade will likely fade when dividend chasers exit. Worth watching it settle in coming days and consider picking up more shares closer to $6.00. DYOR

BLD Price at posting: $6.47 Sentiment: Buy Disclosure: Held
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