BLD

Boral (BLD)

Tue, 29/07/2008 - 04:40

Stock Code

BLD

Stock Exchange

Australian Securities Exchange

Boral (BLD) is Australia's leading manufacturer and wholesaler of building and construction materials in Australia, the United States of America and Asia. Boral was created in January 2000, as a result of demerger of the old Boral Group, into two industry specific listed companies, new Boral and Origin Energy Limited. Boral listed on ASX on 21 of February, 2000.

Boral Posts Drop in First-half Net Profit


Australia based global manufacturer and wholesaler of building and construction materials Boral (BLD), a company that operates in Australia, United Sates and Asia is considering to take necessary steps in an attempt to reduce its costs after posting a 9 percent fall in the first half net profit to $68 million. In addition to that, Mark Selway, the newly appointed chief of the company admitted that the figures can get even worse in the second half. According to Mr.

Nexus Energy: Winner of the Week


Nexus Energy (NXS), a company which operates in the oil and gas exploration and production industry with a market capitalisation of $293.1 million was the best performer of the 42nd week in the Australian Stock Exchange with a gain of 23.4 percent closing the week at 40 cents.

Australian Market Preview


Here is an update on the different sectors of Australian market from market analyst Macquarie Research Equities.

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Strategy Updates


Here is a strategy update on the Budget Impact on Equities provided by Australian market analyst UBS.

Strategy – Budget Impact on Equities

Stock Tip: Shares that will Benefit from the Australian Budget


Last week the Australian government handed down their 2006-07 federal budget. Macquarie Research Equities (MRE) notes that "The centre piece of the Budget was the personal income tax cuts which were more widespread and extensive than the financial markets had been anticipating. This will inevitably provoke fears that interest rates may have to rise in order to offset the fiscal stimulus.
The key initiatives announced in the Budget that have notable implications for the Australian listed market are as follows:
- Reductions in the tax rates on personal income as well as increases to the thresholds for each tax rate;
- Accelerating the depreciation allowance for eligible business investment;
- Abolition of the Reasonable Benefit Limit (RBL) and age based contribution limits, and the elimination of tax of benefits paid to retires from taxed superannuation funds."
Here are some Australian listed stocks that MRE believes that will benefit from the budget:

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