LLC 0.88% $5.64 lendlease group

Ann: LL HY24 ASX, Presentation and Appendix, page-21

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    With you about business model too hard to understand. I tend (try, is a better assessment) to invest in high/risk explorers move to free-carry and then shift profit to nice stable dividend payers.

    Morningstar have been touting LLC for ever but I could not for the life of me work out what the heck LLC were trying to do so stayed away. A wise man once said if you can’t work out the business model stay away and I think that’s absolutely right.
 
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