I note that both Morgan’s and Shaws are picking that FY24 to FY26 dividends will be lower than the 5.1cps paid for FY23. This suggests that the business faces wider challenges that just the recent weather disruptions.
Also interesting that Fridays closing share price of 98 cents is higher than the 96 cents that it closed on Monday, the day before the downgrade announcement. Suggests overall the market expectations had already priced in the weather and other impacts in LAU’s business.
I note that both Morgan’s and Shaws are picking that FY24 to...
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Last
88.0¢ |
Change
-0.040(4.35%) |
Mkt cap ! $274.9M | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 92.0¢ | 88.0¢ | $472.7K | 525.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5257 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.5¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LAU (ASX) Chart |