LAU General Discussion, page-123

Not sure if anything can be gleaned from last 2 weeks trading.
Average daily trading volumes past 12 months 867,646. last 2 weeks 775,635.



You make a good point about buyers vs sellers, but todays action is reversed; more buyers than sellers yet share price has fallen:



Share price has come of its recent low of $1.06.

This extract from CEO's address at AGM is a positive. Let's hope they deliver and expectations are met:

Now, turning to the Business units and looking forward to FY24.

On the Rural side, we will see the positive benefit of 11 months of Hunter trade. The produce market is shaping up as a more traditional growing season, with volumes expected to be solid but below last year. Strong packaging sales have offset some downward pressure on rural sales and related transport revenue driven by decreased horticultural sale prices and volumes.

On the transport side, customer enquiries remain strong and tender conversion is positive. Despite market pressures, we continue to win work due to our scale, reach and ability to deliver both rail and road solutions in full or part loads. Our fleet replacement and expansion program is tracking to plan with 12 of 41 new prime movers in service and supporting the peak pre-Christmas period.

In FY23, Rail kilometres exceeded road kilometres for the first time in our history. In FY24 year to date, I'm pleased to advise that the trend has continued as our rail kilometres are tracking 35% ahead of the same time last year.

Based on the current volume profile and market conditions, we expect FY24 to deliver between $102m and $108m EBITDA, with the mid-point representing a 16% increase over our FY23 result.