UPDATE: CRH

Now is the time. Buy into the close

 

• 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

 

 Thu, 18 Sep 2014 10:22

Get ready to buy

 

• 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