Share consolidation will reduce your share by three to one. But your share value will be triple in value as a result.
Not as advice to you, but like Fabias and other onboard has already mentioned before, future for CSR will be bright, Institutional player thinks it is currently undervalue by 19%, we have a strong balance sheet without debt. QLD/VIC/Flood will improve our earnings.
Boral forecast earning improvement by 30% and its share price jump 42 cents yesterday. It might happen to CSR one day. Price can go lower but who know when. Buy when you think there is a gain for the share price in the future.
Buying are strong today.
CSR Price at posting:
$3.62 Sentiment: None Disclosure: Held