Locked
Alec Hogg: Next move after Aus Govt blocks WBHO deal
Alec Hogg shares his rational perspective on WBHO. 'The appeal of a WBHO share price in the R80s is obvious. We aren’t selling. Neither should you'.
WBHO stands out like a sore thumb in the strongly performing BizNews Share portfolio: it is the only stock that currently trades below our entry level. The price fell sharply again this week on news Australia's government blocked a proposed acquisition of WBHO's Aus subsidiary Probuild "on grounds of national security".
Our original purchase of WBHO for the portfolio was based on the classic business principle of excess profits accruing to the last man standing when a previously hammered industry rebounds. The implosion of SA's construction sector is well documented. Outside of WBHO, there's now little left to talk of.
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