Upside potential with LendLease (LLC)
Michael Gable
Fairmont Equities
Last month LendLease (LLC) reported Net Profit after Tax (NPAT) growth in 1H16 of ~12% to $353.8m, reflecting significant apartment earnings beginning to come through as expected. Divisional results were mixed, with residential pre-sales and settlements driving the result. There are a number of important drivers for the future performance of LLC, hence in this note; we focus on these as opposed to the detail from the 1H16 results. We also have a look at the chart for LLC and determine from the technicals whether it is now time to buy and where we can see the share price heading to. (VIEW LINK)
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Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian Financial Review, and Sky News Business.
Fairmont Equities provides portfolio management services and also produces weekly investment and trading ideas.
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Michael Gable
Managing Director
Fairmont Equities
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
Expertise
No areas of expertise
Michael Gable
Managing Director
Fairmont Equities
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
Expertise
No areas of expertise
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