Report issued on 28th April post capital raising.....maintain buy with TP $17.49
key highlights
1) Cap raise serves to alleviate potential investor concerns re LLC credit rating 2) Give current market conditions.....we expect a major correction in global commercial real estate markets.....and this will provide attractive opportunities to LLC to deploy new capital with partners.....in goldmans words this is a once in 12 year opportunity and LLC will be in the box seat to capitalise on it 3) Key upward swing factor in this half's earnings / tp calc to be presales of One Sydney Harbour.......goldman's read is that tower 1 could generate $2bn in additional sales at a profit margin of 40%
LLC Price at posting:
$11.23 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)