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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