Australian (ASX) Stock Market Forum

LLC - LendLease Group

Joined
28 February 2008
Posts
11
Reaction score
0
Very surprised of no previous thread for LLC!

Thoughts on the future share price ?

http://www.bloomberg.com/apps/news?pid=20601081&sid=asHGnt.2Vvf4&refer=australia

Lend Lease Profit Jumps 49% on Development Contracts (Update4)

By Simeon Bennett

Feb. 28 (Bloomberg) -- Lend Lease Corp., builder of London's 2012 Olympic Village, said first-half profit surged 49 percent on income from the construction of homes for the U.S. military and urban developments in Australia and Singapore.

Net income rose to A$259.6 million ($244 million), or 64.7 cents a share, in the six months ended Dec. 31, from A$174.7 million, or 43.7 cents, a year earlier, the Sydney-based company said today. Sales grew 9.7 percent to A$7.6 billion.

Chief Executive Officer Greg Clarke is committed to more than A$60 billion of construction projects spanning six continents, including deals with the U.S. Air Force and London's Elephant & Castle district. Lend Lease today forecast full-year earnings growth will be below its 10 percent annual target. It expects to exceed that rate over a five-year growth plan.

``It has got a lot of long timeframe projects which will still be there when the economic environment improves,'' said Craig Young, who manages the equivalent of $5.1 billion at Tyndall Australia Investment Management in Sydney, including Lend Lease shares. ``It has got diversity such that no single region is going to damage it enormously.''

Lend Lease shares fell 20 cents, or 1.4 percent, to A$14.50 on the Australian Stock Exchange, reversing a 4.9 percent rise.
 
Joined
24 April 2008
Posts
8
Reaction score
0
Re: LLC - Lend Lease Corporation

I had to do a search to find LLC :(

What did I miss yesterday that made show price go down when momentum of market was up?
 
Joined
10 June 2008
Posts
68
Reaction score
0
Re: LLC - Lend Lease Corporation

what's everyone's' thoughts on these guys at the moment?
I'm thinking they are going to continue dropping
 

Porper

Ralph Nelson Elliott
Joined
11 August 2004
Posts
1,401
Reaction score
248
Re: LLC - Lend Lease Corporation

what's everyone's' thoughts on these guys at the moment?
I'm thinking they are going to continue dropping

Technically they look very weak, as indcated in the chart.May rebound up to 11.75 area to test old support/new resistance.

I am short this stock.
 

Attachments

  • LLC.jpg
    LLC.jpg
    85.2 KB · Views: 68

battiwallah

Value only - buy cheap & keep
Joined
16 October 2006
Posts
31
Reaction score
0
Re: LLC - Lend Lease Corporation

Porper would have done well to have shorted this stock. But I reckon that now, with the P/E at the lowest it's been in 10 years or more (at around 6.1), it is the time to buy.

Anyone any comments?
 
Joined
4 February 2006
Posts
564
Reaction score
0
Re: LLC - Lend Lease Corporation

Porper would have done well to have shorted this stock. But I reckon that now, with the P/E at the lowest it's been in 10 years or more (at around 6.1), it is the time to buy.

Anyone any comments?

not for this lil' black duck, sorry green frog batti - has just broken 10yr support level and that is not screaming buy for mine.
fundamentally divvies starting to drop off in real term c.f. previous
 

Attachments

  • llc weekly oct08.gif
    llc weekly oct08.gif
    11.1 KB · Views: 316
Joined
29 June 2007
Posts
1,170
Reaction score
0
Re: LLC - Lend Lease Corporation

What has happened to this?

I understand they have now gone to a stapled security, and the code must have changed. But via commsec, my holding has just gone to zero, and nothing is showing up in my holdings for the new structure which is a little disconcerting. Is it just me, or others experiencing the same?
 

skc

Goldmember
Joined
12 August 2008
Posts
8,277
Reaction score
319
Re: LLC - Lend Lease Corporation

What has happened to this?

I understand they have now gone to a stapled security, and the code must have changed. But via commsec, my holding has just gone to zero, and nothing is showing up in my holdings for the new structure which is a little disconcerting. Is it just me, or others experiencing the same?

I think there is some error in the way the switch happened. I have the same thing with IB and it means also that I can't manage the position until things are fixed.

Although it should be reasonably certain that your holding hasn't just disappeared into a blackhole.. I hope.
 
Joined
29 June 2007
Posts
1,170
Reaction score
0
Re: LLC - Lend Lease Corporation

Just an update for those who weren't aware. Had to email commsec, here is their reply:

Thank you for your email.

LLC is being converted from Fully Paid Ordinaries to Stapled Securities and will be trading under LLCDA until the 27th of November. Therefore if you wish to trade these shares you will need to call us on the number below and we will endeavour to assist you directly.

The conversion is on a one to one basis, please refer to link below for your convenience:

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=LLC

Silly thing is the brokers remove it from quotation, but when this happens so does the facility to read the final announcements... fairly large gap there of 14 days before it can be traded, which would be a concern to shorter-term traders I guess.
 

skc

Goldmember
Joined
12 August 2008
Posts
8,277
Reaction score
319
Re: LLC - Lend Lease Corporation

Just an update for those who weren't aware. Had to email commsec, here is their reply:



Silly thing is the brokers remove it from quotation, but when this happens so does the facility to read the final announcements... fairly large gap there of 14 days before it can be traded, which would be a concern to shorter-term traders I guess.

IB has sort of fixed it and I am able to trade it through the old code LLC. Agree one shouldn't have to wait 14 days.
 
Joined
7 March 2009
Posts
5
Reaction score
0
Re: LLC - Lend Lease Corporation

FYI: Merrill Lynch rate as BUY as at 18 Nov 09 and price objective of $11.50.
Previous price objective: $11.70.
 

skc

Goldmember
Joined
12 August 2008
Posts
8,277
Reaction score
319
Re: LLC - Lend Lease Corporation

FYI: Merrill Lynch rate as BUY as at 18 Nov 09 and price objective of $11.50.
Previous price objective: $11.70.

Hasn't quite move up as per the Merrill report. At a very important price point imo. $7 needs to hold, or $6.50 will be the next immediate floor.
 

Attachments

  • 20101819 Lend Lease Group (-).png
    20101819 Lend Lease Group (-).png
    27 KB · Views: 71
Joined
4 October 2012
Posts
871
Reaction score
2
Re: LLC - Lend Lease Corporation

This little doggie is headed lower, rapidly.

The Feds are after them.

http://www.theaustralian.com.au/bus...ces-us56m-payout/story-fn9656lz-1226337694818

I am looking to buy on 5 year lows at $5.40. It presently sits precariously at $7.35.

big.gif


gg

Hi GG,

Well you've got me gazzumped, not that it takes much to do that!!

However, your last post (above) was dated on the 25th April 2012, yet the chart is showing info (prices) up to this week:confused: How did you do that or am I missing something? Even the news article is dated the 25th April 2012:1zhelp:

I look forward to your explanation.

Regards
PB
 

Attachments

  • big.gif
    big.gif
    11 KB · Views: 80

Garpal Gumnut

Ross Island Hotel
Joined
2 January 2006
Posts
10,418
Reaction score
2,459
Re: LLC - Lend Lease Corporation

Hi GG,

Well you've got me gazzumped, not that it takes much to do that!!

However, your last post (above) was dated on the 25th April 2012, yet the chart is showing info (prices) up to this week:confused: How did you do that or am I missing something? Even the news article is dated the 25th April 2012:1zhelp:

I look forward to your explanation.

Regards
PB

I must admit my post makes no sense, some would say none of mine do.

I bought in at $8 about 18mo ago and sold at $11 before last Xmas.

I bought a heap at just over $12 last week.

Pray for me.

lol

gg
 

System

Administrator
Joined
27 June 2010
Posts
3,435
Reaction score
115
On November 27th, 2015, Lend Lease Group changed its name to LendLease Group.
 

Garpal Gumnut

Ross Island Hotel
Joined
2 January 2006
Posts
10,418
Reaction score
2,459
Re: LLC - Lend Lease Corporation



I must admit my post makes no sense, some would say none of mine do.

I bought in at $8 about 18mo ago and sold at $11 before last Xmas.

I bought a heap at just over $12 last week.

Pray for me.

lol

gg

I'm still in LLC since above.

Added on dips.

A nice earner.

It should benefit from Infrastructure Spending in Australia.

gg
 
Joined
12 January 2008
Posts
5,042
Reaction score
10,958
This weeks bullish bar (it's only Thurs) has risen off a strong support zone (see weekly chart). This creates a good RR opportunity for medium/longer term traders. This opportunity will be invalidated if price goes below the support zone (15.50).

LLC2112.PNG
 
Top