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LLC - LendLease Group

Discussion in 'Stocks I-P' started by traderboy, Feb 28, 2008.

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. notting

    notting

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    With a large portion of it's property portfolio and activities in the Euro where all the hype is at present, it's been behaving more like an Ausi REIT. -
    upload_2018-1-16_14-20-9.png
     
  2. Garpal Gumnut

    Garpal Gumnut

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    It's passed $20.

    If Trump doesn't start doing liquid farts about multinationals I can see it go higher.

    I added mid last year.

    I like LLC.

    gg
     
  3. greggles

    greggles I'll be back!

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    Lend Lease continuing to power ahead this year, increasing from around $15 in mid-January to more than $21 today. Just wondering how much more ground LLC can make in the short term before it takes a breather.

    The last time its share price was around $21 was back in 2007, just before the GFC took hold.

    big.chart-LLC.gif
     
  4. Garpal Gumnut

    Garpal Gumnut

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    LLC was one of my frantic sells after the divi and before the correction.

    It has a way to tumble chart wisellc.gif

    This is a 5 year monthly chart, so it has broken down below where it was 4 years ago.

    Conservative punters may look to buy at $12 or the more greedy at $10 if this current correction turns into a rout.

    It never ceases to amaze me that a company which owns a significant percentage of construction, cranes, houses, shopping centres and commercial buildings worldwide can be ignored by ASF members.

    Ah well, there is always Brett.

    By the way I'd buy it when the monthly volume exceeds 60 million. Just my thoughts.

    gg
     
    Trav. likes this.
  5. bigdog

    bigdog Retired

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    Horrible ASX announcement yesterday

    GG great move on your part selling!!

    upload_2018-11-10_9-16-26.png

    9/11/2018 9:31:55 AM Australian Engineering and Services Business Update

    upload_2018-11-10_9-20-55.png

    Australian Engineering and Services Business Update


    Market Update
    Lendlease announces it has identified further underperformance in the financial position of its Engineering and Services Business. To account for this underperformance it is anticipated Lendlease will take a provision in the order of $350 million after tax for 1H19.

    This underperformance predominantly relates to further deterioration in the small number of projects previously identified. This is attributed to a number of issues including lower productivity in the post tunnelling phases of NorthConnex; and excessive wet weather, access issues and remedial work arising from defective design on other projects.

    Measures are being undertaken to mitigate the anticipated losses including negotiations with third parties. However, at this stage it is unclear as to the extent to which these negotiations will be successful to mitigate the underperformance.

    Review of Engineering and Services Business
    Lendlease is undertaking a comprehensive review of the Engineering and Services Business in light of this underperformance.

    To date, Lendlease has made significant changes to this business including strengthening the leadership with the appointment of Hans Dekker in May 2018 as the Group Head of Building and Engineering.

    As part of the review, Hans is identifying processes to reset and strengthen the operations in order to reduce the risk profile, and evaluate alternatives to reduce the volatility of earnings in the business.

    Lendlease Group Chief Executive Officer and Managing Director, Steve McCann said “Today’s announcement about the Engineering and Services Business is extremely disappointing particularly given the underlying performance across Lendlease’s other businesses. Our international pipeline of landmark urbanisation projects, especially those in Europe has materially grown in the last 12 months giving us earnings visibility well into the future.”


    762
     
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  6. Garpal Gumnut

    Garpal Gumnut

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    Thanks bigdog,

    As much as I hate to bignote meself this time it was more class than ass.

    The charts showed big selling after the div.

    I'd made a pile so I was out.

    I'm surprised LLC has fallen so far.

    gg
     
  7. Garpal Gumnut

    Garpal Gumnut

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    Just an update on LLC which I am watching for a re-entry, but not anytime soon.

    A drop of 3.18% today when the XAO only lost 0.8% doesn't exactly give me confidence.

    And LLC has broken below a line of support for the past few weeks on large, but not huge volume.

    I'll post a yearly and a 3 mo. chart to give you an idea of my thinking.

    It would be good to hear from some fundamental analysts on LLC.

    To a chartist it's a no-brainer, stay away.

    gg

    big.chart.llc1.gifbig.chart.llc2.gif
     
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  8. So_Cynical

    So_Cynical The Contrarian Averager

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    Building - construction and anything to do with it is on the nose, has been for a while, charts below are 12 months Lend Lease, Adelaide Brighton and Boral - an opportunity is building (pun intended) just like the Oil and Gas stocks 18 months ago and the miners before that.
    ~
    LLCABCBLD.jpg
     
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  9. Garpal Gumnut

    Garpal Gumnut

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    Thanks So_Cynical

    It would seem to me that the banks may be next to show similar chart corrections, as they depend on the gulls who buy new homes on diminishing meterage at inflated prices in Sydney and Melbourne, built by these construction "giants".

    CBA at $24
    ANZ at $12
    WBC perhaps in trouble.
    NAB perhaps in trouble.

    May be a reality by March 2019.

    gg
     
    Miner likes this.
  10. Garpal Gumnut

    Garpal Gumnut

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    I'm unable to post today's action on LLC but it's pretty "unusual".

    If you have access to charting software have a look at this last week's trading and particularly the last trade today.

    Somebody plans a breakout up or down probably on inside construction NOT insider LLC information.

    I do like charts.

    gg
     
  11. sptrawler

    sptrawler

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    I will certainly look forward to that, it doesn't happen often, but three times in my life would be great.:xyxthumbs
     
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  12. Garpal Gumnut

    Garpal Gumnut

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    It's all go again on LLC.

    I'm back in.

    Getting so old just big punts with a stop on golden oldies.

    Bought at $12.40.

    Note Vol and RSI rising with price.

    gg

    ps Still alive at Ross Island Hotel. Once they start serving West End beer I'm out.


    llc02.gif
     
    Miner likes this.
  13. Garpal Gumnut

    Garpal Gumnut

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    LLC rises but not on spectacular volume. In the black for me nonetheless.

    I do like the chart.

    Fourex and Great Northern getting through to Townsville and The Brewery is open.


    I may add if it clears $13 and again if it fills the gap at $17.+

    Stop loss is at $11.or thereabouts.

    llc03.gif
     
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  14. Garpal Gumnut

    Garpal Gumnut

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    I had said I may add if it clears $13, which LLC has, however it has gapped a bit today and i am minded to wait.

    I enclose below a 3 mo. and a 6 mo. chart.

    I'm inclined to feel it may retrace a tad at these volumes.

    I'm up $1 a share on my buy in at $12.40. and am quite gruntled.

    The stop has moved up to $12.50

    Any thoughts technical or fundamental would be welcome.

    3mo.
    llc3mo.gif

    6mo.
    llc06mo.gif

    gg
     
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  15. citac

    citac

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    Hi Garpal,

    I did read this today

    Transurban will not be hit financially by delays on its $2.6 billion NorthConnex project in Sydney, because contractors Lendlease and Bouygues will have to pay liquidated damages if the motorway is delivered late, Mr Charlton said.

    - for the full article
    https://www.afr.com/business/transu...-westconnex-acquisition-costs-20190211-h1b4eg

    I haven't read into the scope of works LLC is required to do however, if they have a majority of the 2.6 billion dollar contract, any further delays could amount to greater write downs.
     
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  16. Garpal Gumnut

    Garpal Gumnut

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    Thanks citac,

    gg
     
  17. Porper

    Porper Ralph Nelson Elliott

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    Chart fairly simple. Broke through resistance which should now be support. Gap resistance & fib retracement zone align as per chartCapture.PNG .

    I hold.
     
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  18. Garpal Gumnut

    Garpal Gumnut

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    I did add at $13.41 yesterday.

    gg
     
  19. Garpal Gumnut

    Garpal Gumnut

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    Any further thoughts on LLC?

    A 6mo. and a 12mo. chart.

    llc1903286mo.gifllc19032812mo.gif

    gg
     
  20. Porper

    Porper Ralph Nelson Elliott

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    Breakout failed following results. Expect buyers to return around major support - $11.00ish
     
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