Boral FY16 Earnings Result

Boral (BLD.ASX) FY16 earnings of $400m was slightly ahead of market expectations.

Fy17 dividend yield of 3.4% based on DPS of $0.25 with underlying profit growth or around 5 – 7%. Housing and construction data, both domestically and in the  US, remain supportive for Boral and James Hardie. We continue to like these names as a “buy on the dip” story over the  next 12 months.

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Our algorithm engines will continue to track these name and alert us to lower risk entry levels, should we see a pull-back in price.

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks