Another factor that could be affecting the SP is if there's lower demand as media suggests, then basic economics would suggest freight rates per tonne-kilometre will decline.
We know LAU rid itself of many smaller clients, and has benefited from the Scotts Refrigerated Transport collapse in acquiring assets at presumably fire sale prices.
Truck insurance rates have risen. Fuel costs for trucks may also be on the increase. It helps that LAU has switched more to using rail but it continues to have an extensive trucking fleet.
Another factor that could be affecting the SP is if there's...
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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 |