Sounds about right. Dividends should increase slightly so we are looking at 6% yield. However, despite the recent downgrades due to projects not being completed due to bad weather. Is what their order book will look like 2H and what type of backlog. Price to Book at 0.98x at current prices with 6% yield and 11.5 p/e FY19 sentiment is poor and much has been priced in. Historically BLD trades between p/e of 25 to 15 and Australian housing market is only a portion of its business.
BLD Price at posting:
$4.84 Sentiment: Hold Disclosure: Held
