The results from motorcycle seller MTO today, and a host of clothing retailers previously like CCX paint a troubled picture of discretionary spending, despite the ABS sometimes claiming overall spending is doing OK.
LAU doesn't transport 'overseas holidays', as one example where spending remains elevated, especially among Baby Boomers born 1946-1964.
In previous recessions, my reading suggests expenditure on fruit and vegetables declined. LAU transports more of this than Linfox or others.
That said, I agree LAU is well positioned to ride out the downturn, although a dividend cut (or elimination?) is likely to be on the agenda.
The results from motorcycle seller MTO today, and a host of...
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Last
88.0¢ |
Change
0.005(0.57%) |
Mkt cap ! $274.9M | |||
| Open | High | Low | Value | Volume |
| 87.5¢ | 88.0¢ | 86.5¢ | $354.7K | 406.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11198 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.0¢ | 2654 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LAU (ASX) Chart |