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JHX

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0.65%

$50.73 james hardie industries plc

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sac007

1,112 Posts.

6

14/08/19

13:40

Post #: 39989951
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Originally posted by Msim878: ↑

Initiated a position on Thursday on the back of the cataclysmic sell down which I felt was a gross over-reaction. While I appreciate the market has been quite merciless especially on downward revisions to earnings forecasts by management, feel the input costs now are at peak levels and nine years on the US still below the average midcycle level for housing starts. So feel management have taken the conservative approach here which I have no problems with. Hardie still retains earnings strength and EBIT margins which is quite high for building products and strong balance sheet profile. Although the building construction complex (BLD, CSR) has been under pressure, JHX appears to have been de-rated to a level now where it looks very attractive from a valuation stand point and should see the marginal buyers/professional investors buy in.
Just my views only and would like to get other posters thoughts on this too.
Cheers

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GREAT pick M regards

JHX Price at posting: $22.58 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $50.73		Change -0.330(0.65%)		Mkt cap ! $21.88B

Open	High	Low	Value	Volume
$51.51	$51.51	$50.50	$94.40M	1.859M

Buyers (Bids)

No.	Vol.	Price($)
1	57	$50.57

Sellers (Offers)

Price($)	Vol.	No.
$50.84	440	1

View Market Depth

No.	Vol.	Price($)
1	57	50.570
2	440	50.520
1	1500	50.500
1	300	50.240
1	100	50.150

Price($)	Vol.	No.
50.840	440	1
50.850	440	4
51.000	10	1
51.100	58	1
51.990	71	1

Last trade - 16.10pm 22/08/2024 (20 minute delay)

JHX (ASX) Chart

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