Adelaide Brighton is the largest lime producer and second-largest cement supplier in Australia.
Australian housing approvals were down again in May. This doesn’t paint a bright picture for narrow moat-rated Adelaide Brighton, which derives nearly a third of revenue from Australian housing. While our forecast of flat completions in 2018 remains intact, we expect completions to begin reducing from 2019. Further, with CEO Martin Brydon announcing his intention to retire, the firm is entering a short-term period of uncertainty. Despite the weak housing data, we retain our AUD 5.50 fair value e...Adelaide Brighton is an integrated construction materials and industrial lime producer which supplies a range of products into building, construction, infrastructure and mineral processing markets throughout Australia. Co.'s principal activities include the production, importation, distribution and marketing of clinker, cement, industrial lime, premixed concrete, construction aggregates and concrete products. In addition to domestic production, Co. is the importer of cement, clinker and slag into Australia.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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