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
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...


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