You need minimum 6-12 months with BLD as it has high beta and...

You need minimum 6-12 months with BLD as it has high beta and can whipsaw around alot

2H should be better with drier weather. Not much happens between Feb and July but decision will be made on USG Boral this FY and will pick it up cheaply on the low cycle it will add an additional $275-300M EBITDA but will cost some $1-1.5B  IMO. Boral has free cashflow of $300M so can afford it with cash and a little bit of debt.