Boral

It’s hard to judge Mark Selway’s two-year stint as chief executive of Boral a success. He left the company in May 2012 with net debt of $1.5bn, the same as when he arrived, despite a $490m capital raising early in his tenure. Selway did little to improve Boral’s reputation as a money pit. The company spent $514m of shareholders’ funds on acquisitions in 2012, and another $409m on capital expenditure. No wonder dividends have been cut from 34 cents a share in 2007 to just 11 cents last year. To avoid another capital raising, new chief executive Mike Kane...

It’s hard to judge Mark Selway’s two-year stint as chief executive of Boral a success. He left the company in May 2012 with net debt of $1.5bn, the same as when he arrived, despite a $490m capital raising early in his tenure.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles