Boral – FY19 Trading Update

Boral has been under Algo Engine sell conditions since late 2017. The stock made a new low last month following the company downgrading FY19 earnings.

Weather and project delays were cited as the main reasons for earnings  coming in below prior forecasts.

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With the share price falling from $8.00 in February 2018, to a low at $4.40 in March, value continues to stand out in historical terms.

Based on expected FY20 earnings, we have Error with ischart shortcode. No symbol attribute defined.trading on 10x PE offering a 6% dividend yield.

Accumulating the stock throughout this year, will likely prove a long term  discounted entry level.

 

 

 

 

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