LLC 1.89% $6.24 lendlease group

A poor result, very poor in my view but it was well flagged so...

  1. 659 Posts.
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    A poor result, very poor in my view but it was well flagged so my initial review focused on the forward looking statements:

    1. the balance sheet is sound - with relatively low gearing

    2. still expecting to fail to achieve target returns

    3. the pipeline is good

    4. the disposal of the bad parts of the business appear to have been fully provided for (I think ... need to do another trawl through the presentation etc)

    So far, I'm not seeing any reason to top up my modest holding.
 
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Last trade - 16.10pm 28/05/2024 (20 minute delay) ?
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