That guidance is confirmed for EBITDA at the 'higher end' of the previous notification is very pleasing, especially given constant media discussion as to how shoppers have or are about to snap their wallets, purses and smartphone purchasing apps shut.
While not an accountant, I prefer companies to forecast NPAT, but hopefully that'll be good as well.
As long as LAU is not purchasing these eight stores at peak rural times, the acquisition should be OK or better. The earnings multiple of six times seems reasonable if I'm not mistaken.
It will expand LAU's rural stores geographical reach.
Rainfall in Victoria has been excellent, so helpful for graingrowers as some grain prices start to rise. The outlook for livestock is not as good as the boom times of a year ago though.
Shepparton has grown in recent years so that's another positive for the W B Hunter store located in this major Goulburn Valley, Victoria centre.
That guidance is confirmed for EBITDA at the 'higher end' of the...
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Last
94.0¢ |
Change
0.025(2.73%) |
Mkt cap ! $293.6M | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 95.0¢ | 90.5¢ | $1.728M | 1.858M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1508 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 11568 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LAU (ASX) Chart |