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$5.83 boral limited.

I’ve been tempted to sell and close this one off for me, but...

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Andrewf69

1,617 Posts.

130

07/03/22

18:15

Post #: 60039934
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Originally posted by Giz: ↑

The price (SGH) SEVEN GROUP (70% owner) paid during the offer period was $7.40 per share, out of that all current holders got back a capital return of $2.65, that does not include that $0.07 special Div.

If and when Boral do clean up the balance of the register, based on above offer of $7.40 the offer would need to be above $4.75. What gives me more confidence is that Macquarie Group Limited own 7.34% of the register and look to be holding tight, the balance is owned by us a measly odd 23%.

So we have a suppressed share price which I think at mid 3's offers a pretty compelling buying opportunity for what may eventuate, also at this price there does not seem to be any premium added for such a scenario.

If and when it does happen you'll want or wish you owned some stock, its a Buy in the mid 3s.

This is all my own thoughts and not any way financial advise.

Good luck to all remaining holders.

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I’ve been tempted to sell and close this one off for me, but hold just to see what happens, assuming sometime this year.

BLD Price at posting: $3.44 Sentiment: Buy Disclosure: Held
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