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94.0¢ lindsay australia limited

Agree with Hopeful about today's market reaction following...

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Arpeebee

896 Posts.

151

25/04/24

00:22

Post #: 73507210
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Originally posted by Arpeebee: ↑

'Lindsay is on track to deliver underlying EBITDA towards the lower end of the previously provided guidance range of $102 million - $108 million in FY24 up c.13% on the pcp. We expect any delay in recovery in the Rural and Hunters businesses to be offset by performance in the transport division, supported by a slowing in the inflationary outlook and the non-discretionary spend nature of the bulk of Lindsay’s logistics freight. The Board continues to monitor the impacts of events as circumstances are subject to sudden change.'

Net Debt $120.6m up 12.5%. Net Leverage Ratio down from 1.27x to 1.21x (4.9%).

Cash flow negative $18.6m primarily due to WB Hunter acquisition. Note 15 in the accounts tells me they have have not yet worked through all aspects of the acquisition, particulary intangibles/goodwill which represented 42% of total purchase consideration.

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Agree with Hopeful about today's market reaction following release of inflation data.
Management may be challenged in meeting revised guidance which was predicated on a slowing in the inflationary outlook. Given the increased level of debt they are carrying, and the indigestion from the WB hunter acquisition, a further downgrade could be on the cards.

LAU Price at posting: 98.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 94.0¢		Change 0.010(1.08%)		Mkt cap ! $293.6M

Open	High	Low	Value	Volume
91.5¢	94.5¢	91.5¢	$523.0K	562.7K

Buyers (Bids)

No.	Vol.	Price($)
2	1875	94.0¢

Sellers (Offers)

Price($)	Vol.	No.
94.5¢	3934	1

View Market Depth

No.	Vol.	Price($)
2	6992	0.935
1	71339	0.930
2	101080	0.925
3	14000	0.920
4	16017	0.915

Price($)	Vol.	No.
0.950	75451	4
0.970	8399	1
0.980	32827	3
0.990	6660	1
1.000	30991	4

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 94.0¢			Change 0.010 ( 1.27 %)
Open	High		Low	Volume
91.5¢	94.0¢		91.5¢	107075
Last updated 15.57pm 03/05/2024 ?

LAU (ASX) Chart