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.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK