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
-0.025(2.65%) |
Mkt cap ! $289.6M | |||
| Open | High | Low | Value | Volume |
| 94.5¢ | 94.5¢ | 92.0¢ | $440.6K | 469.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21138 | 92.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 50380 | 2 |
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| LAU (ASX) Chart |