ABC 0.29% $3.38 adbri limited

I thought their last results were very ordinary and were...

  1. 7,719 Posts.
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    I thought their last results were very ordinary and were dependent on the property development division to meet targets. I doubt this business is very overly well run, so think an exit might be wise at the first signs of construction slowing. The property division adds the potential for a double whammy, as this section has been outperforming expectations due to booming conditions.
    If there is a slowing in construction that appears on the horizon, I suspect this will be smashed, and fall under $3. But good stuff to all who have been on this trend. Just doesn't seem to be a bottom drawer stock to hold forever.

    I was thinking about shorting it - but probably madness to do so right now, with rates just cut recently.
 
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Currently unlisted public company.

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