Re your second point about 'buying assets at cents in the dollar' - this may well now occur with Scott's being liquidated.
Even if LAU decides not to bid for any assets, the upheaval in refrigerated freight may well mean LAU will be busy for months.
To use an unfortunate analogy, it may "insulate" LAU from any forthcoming recession as the (temporary?) drop in supply of reefer (refrigerated) containers may be greater than any (yet to occur to any marked extent) drop in consumer demand.
Provided LAU is sensible and continues to be well run despite the forthcoming retirement of its MD/CEO, this unusual situation may also put a floor under the LAU SP at say $0.75 (below but what it closed on Friday 3 March 2023, but well above a year ago).
Interesting times.
Re your second point about 'buying assets at cents in the...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LAU (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |