SP just reached a 52-week low of A$0.82 so I concur with your comments.
The market will be noticing lower freight volumes (not just with LAU: other road and rail operators/consignors have to be also affected) and as said in another thread, this means a recession is on the way.
Ann: Half year FY24 Results Presentation, page-52
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Last
92.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $287.4M | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 93.5¢ | 91.0¢ | $363.5K | 395.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13891 | 91.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 6450 | 1 |
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| LAU (ASX) Chart |