Tag: ASX:LLC

Lendlease is under Algo Engine buy conditions.

Last week’s profit warning could be the first stage of the
new CEO’s company reset. A review, covering the restructuring of operations and impact of market uncertainties will likely lead to further divestment of less-core businesses and re-prioritization of the existing 23 urbanization projects.

FY22 NPAT is forecast to increase, although still remind 20% below pre-pandemic levels. LLC will provide the FY21 results on 16 August.

Our preference is to own LLC via long call options. For further details please call 1300 614 002.

Lendlease has switched to Algo Engine buy conditions and has now been added to our ASX 100 model portfolio.

Watch for renewed buying interest above the recent $11.50 support level. 

Option traders: We’re buying the $12 Dec call options.

Lendlease has switched to Algo Engine buy conditions and has now been added to our ASX 100 model portfolio.

Watch for renewed buying interest above the recent $11.50 support level. 

Option traders: We’re buying the $12 Dec call options at $0.85.

Lendlease has switched to Algo Engine buy conditions and has now been added to our ASX 100 model portfolio.

Watch for renewed buying interest above the recent $12 support level. 

Lendlease has switched to Algo Engine buy conditions and has now been added to our ASX 100 model portfolio.

Lendlease has switched to Algo Engine buy conditions and has now been added to our ASX 100 model portfolio.

Lendlease has switched to Algo Engine buy conditions and has now been added to our ASX 100 model portfolio.

Lendlease LLC reported FY20 NPAT of -$310m. The sale of the engineering business unit to Acciona is expected to complete soon with a sale of $160m, lower than the original $180m announced.

Lendlease is facing subdued trading conditions as the company navigates the effects of COVID-19, with development, investment, and construction income all down over 50% for the June period.

Despite short-term uncertainty, the long-term value remains attractive and the company’s strong balance sheet should provide it with resilience.

Lendlease announced a raising of up to $1.15bn  $9.80 per share.

The equity raising comprises a fully underwritten $950m institutional placement, along with up to $200m via a non-underwritten SPP.  With the proceeds from the placement, liquidity will increase to $4bn and company gearing will fall to 10-15%, (assuming completion of the sale of the Engineering business).

A correction in commercial real estate will provide new opportunities for Lendlease but will also ensure a tough operating environment in the near-term.

Lendlease is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

The stock is also part of our ASX “high conviction” portfolio.