2 Materials Stocks - DLX And CSR

DuluxGroup Limited (ASX: DLX)

DuluxGroup Limited (ASX: DLX), is a provider of premium branded paint, coatings, adhesives, garden care, as well as other building products to the residential home improvement, commercial and infrastructure markets across Australia, New Zealand and Papua New Guinea, with niche positions in China and South East Asia.

The stock of DuluxGroup Limited since its inception on ASX has given a return of 184.70%. The YTD return of the shares of DLX is 14.71%. Since the beginning of this year, the stock is seen giving a progressive return.

DuluxGroup originated in 1918. Since then the company have covered several milestones. It has been helping its customers to imagining and creating a better place to live, as well as work.

For the period ended 30 September 2018, the company reported a growth of 5.4% in the net profit after tax to $150.7 million. The period reported a robust growth, that was driven by strong performance from the ANZ business of Dulux. The sales revenue by the end of the period was noted at $1.84 billion. There was an increase in the EBIT by more than 4.2% to $223.2 million. The company declared a dividend of 28 cents per share. These results were also highlighted by the chairman in the annual general meeting, held on 20 December 2018.

By the end of the trading session, on 5 April 2019, the closing price of the stock was A$7.440, up by 0.405% as compared to its previous closing price. The company has a market capitalization of A$2.88 billion and approximately 389.25 million outstanding shares.

CSR Limited (ASX: CSR)

CSR Limited (ASX: CSR), is a company that belongs to the materials sector, and is engaged in providing building products. CSR is acknowledged as one of the most trusted, as well as a recognized brand name, which provides building products that are required for the residential and commercial construction.

On 25 February 2019, CSR Limited announced that it is going to start an on-market share buy-back of its ordinary shares, to a maximum consideration of $100 million. The buy-back of shares represents the return of surplus capital, that the company was expected to generate. It also included $155 million worth sale of the Viridian Glass business. Apart from this, from the previous announcements about the property transaction, the cash settlements of approximately $110 million will be received over the next 12 months.

In the announcement, the company also provided a YEM19 NPAT guidance, where the net profit after tax of the group was highlighted to be in the range of $180 to $187 million.

Till 1 April 2019, a total of 2,684,901 shares were bought back which involved a total consideration of $8,831,208.58. The announcement also stated that the company can further buyback a maximum of 47,745,921 with a maximum consideration of $91,168,791.42.

By the end of the trading session on 5 April 2019, the closing price of the shares of CSR was $3.550, up by 1.14% as compared to its previous closing price. The company has a market capitalization of A$1.77 billion and approximately 504.31 million outstanding shares.


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