LAU 0.00% 92.0¢ lindsay australia limited

Ann: AGM MD Address and slides, page-36

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    Unexpectedly, LAU has risen to A$0.74 by around 1050 AEDT on Thursday 22 December.

    Pleasing, but still only a PE of 12.7.

    Being conservative, I like to allow for a consumer downturn next year, but I'd be more affluent if I knew how bad it will be. Interest rates are certain to rise again prior to Easter.
 
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