Look, LAU is no thermal coal stock but I invested because I surmised that eventually it'd increase its exposure to rail.
There's some 'luck' in how it has performed: horticultural output has improved after those floods in Queensland (especially), and consumer demand (so far, touch wood) appears to be holding up for all manner of goods (including fresh produce).
Every day I am amazed that unlisted Linfox doesn't lob a takeover offer but that would face scrutiny from the ACCC.
I've been very pleased how profitable the rail 'sub-division' has been. Beyond my expectations as LAU doesn't operate trains itself (not yet), although many barriers before it could, including sufficient volume and big investment required, so perhaps it may never.
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