LAU 1.09% 93.0¢ lindsay australia limited

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  1. 10,775 Posts.
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    At least one broker has a higher target price than that at which LAU is trading.

    Privately owned Linfox had a profitable FY.

    So far from the limited information available, it doesn't seem LAU has been affected by any downturn in consumer spending. A further interest rate rise on Melbourne Cup Day is necessary given as the 'AFR' points out, much of our inflation problem is home-grown (large percentage wage and salary rises under the inept Federal Labor government for one), but it won't be helpful for mortgage holders who will further reduce their spending.
 
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