The recent acquisition, W B Hunter, won't be affected by Queensland's 'wet conditions' as with the exception of just across the border at Corowa in NSW, it's a Victorian business.
However Victoria and southern NSW could do with more rain, so W B Hunter might not be trading well.
As @Arpeebee stated in the other thread, 'management has some work to do' even though the weather is a short term challenge. I wonder whether there will be reductions in headcount?
Interest rates likely to rise further is not good for LAU: subdued consumer demand will continue, but at least LAU is still profitable, albeit not as highly.
Ann: Trading Update FY2024, page-3
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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 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LAU (ASX) Chart |