CLOSING: CRH

25% accretive deal. Closing half position +18.7%

One of our original bull points was Lafarge/Holcim being forced sellers and if CRH can get a price near the 5bn mark it will immediately become accretive.

The deal announced today will be 25% accretive in first full year.

Nice move this morning but the stock price is only back to where we were a week ago.

We will use this opportunity to take half the position off and look for a full exit at 1800. +18.7%

 

Now is the time. Buy into the close

Friday • 19 September 2014 • 16:14

As the reweight takes place at the close today and the selling pressure winds up now is the time to buy a few

This is a technical trade ST but more potentially positive news today as CRH are Exploring bid for all assets Holcim/Lafarge. value €5-7bn(Rtrs)

Lafarge/Holcim are forced sellers and if CRH can get a price near the 5bn mark it will immediately become accretive

Massively underperformed the sector and also has the upside catalysts of US dollar appreciation, faster margin recovery, and a big disposal

 

Get ready to buy

Thursday • 18 September 2014 • 10:22

Euro STOXX 50: Nokia will replace CRH

CRH nicely rebounded last week before weakening earlier this week; more supply should materialise in the next two days.

Once this supply event is done they are a buy for me, creating a nice entry point this Index change

Massively underperformed the sector and also has the upside catalysts of US dollar appreciation, faster margin recovery, and a big disposal

Get ready to Buy a few