Peter Quinton, our Head of Research Services, advises a BUY recommendation on CSR Limited (CSR)

Bell Potter


Peter Quinton, our Head of Research Services, advises a BUY recommendation on CSR Limited (CSR). Amongst division within the analyst community on this stock, Quinton believes there are a number of positive catalysts for CSR on the way. CSR's building product division is highly leveraged to the RBA's forecast pick up in dwelling construction activity. CSR and Boral recently announced a merger of their brick operations, and CSR could possibly sell its aluminium interest. We expect the group to report a fiscal 2014 net profit increase of ~110% and project growth of over 70% to $117.1m in fiscal 2015. Their balance sheet is exceptionally strong with net debt/shareholders' funds of a miniscule 2% and an interest cover (EBIT) of 122.6 times. All up, there is good scope for further share price gains over the next 12 months. Our latest Investor Report is available to clients via our website (VIEW LINK)

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.