LAU's SP continues to drop below A$0.90, which is understandable given the national economy is not performing well (today's GDP figure up just 0.1 per cent), there's been wet weather adversely affecting horticulture and LAU has itself said volumes have not rebounded, stating demand is (relatively) low.
On top of that, Federal Labor's complex IR changes commence in August 2024. These will take solicitors hours to wade through, and are not conducive to lowering business costs.
However the stage 3 tax cuts will be with the majority of working Australians soon plus there's the $75 per quarter electrcity credit per household as a minor factor.
It's not an easy trading environment but newish CEO Clayton will be keen to deliver a set of results at least slightly exceeding 'Mr Market's' low expectations.
LAU's SP continues to drop below A$0.90, which is understandable...
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Last
86.5¢ |
Change
-0.010(1.14%) |
Mkt cap ! $271.8M | |||
| Open | High | Low | Value | Volume |
| 87.5¢ | 88.0¢ | 86.5¢ | $164.7K | 188.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 41339 | 86.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 15986 | 12 |
View Market Depth
| Last trade - 12.57pm 28/06/2024 (20 minute delay) ? |
| LAU (ASX) Chart |