LAU 2.19% 93.5¢ lindsay australia limited

Ann: ASX Media Release FY20 Results, page-4

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  1. 10,778 Posts.
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    Probably a good sign that most of its operations have remained profitable despite the pandemic.

    The annual report implies that they've had quite some trouble with road haulage thanks to COVID-19. This may be a comment on how border closures and/or quarantining requirements mean long waits to cross between states and difficulties with rostering because truck drivers in some cases upon entering a state have to quarantine if the media I've read is to be believed.

    In contrast, interstate freight on rail doesn't seem (from this annual report and QUB's) to be having any such difficulties, so it's fantastic that LAU is investing in more rail containers including refrigerated. More energy efficient too and gets lots of B-Doubles off major roads.
 
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