Lendlease Group (LLC)

23/08/2021 10:08

Flagship Growth Portfolio – Amendments

We are making 3 changes to the Flagship Growth Portfolio today.

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16/08/2021 11:19

Lend Lease (LLC) $11.89

FY21 Result: Lendlease (LLC) reported  full year results this morning that were below expectations by around 4%. While core operating profit of $377m was up 83% YoY, it was around 4% below expectations while the full year dividend of 27cps was a whisker below the 28cps expected. The outlook was muted to say the least, with LLC calling out the complexities of operating...

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16/08/2021 08:11

Reporting Today (BPT, BEN, BSL, CAR, GPT, JBH, LLC, SWM)

Reporting Calendar: Download here Companies reporting today on MM’s radar include: Beach Energy (BPT) FY21 Results: NPAT expected to be  $324m

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22/07/2021 09:35

Lend Lease (LLC) $11.67

LLC has struggled through 2021 under the weight of a re-emerging virus and fixed price contracts being pressured by rising input prices.

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13/07/2021 09:18

Lend Lease (LLC) $11.93

MM was getting very frustrated with our LLC position and then a couple of weeks ago we saw a downgrade to guidance following a resurgence in COVID cases, also a kick up in the cost of materials will assumedly also be hurting the contractor who works on a number of fixed price contracts. However as has been typical through 2021 when stocks look their worst its often time to step and buy / average aka Whitehaven Coal (WHC) and a2 Milk (A2M).

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01/07/2021 16:56

Lendlease (LLC) $11.14

LLC -2.79%: The second year in a row LLC has put through a downgrade, this year they blame the Covid situation, particularly the impact on their UK business while they also increased their provisioning for claims relating to their now jettisoned Engineering business.

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01/06/2021 09:25

Lend Lease (LLC) $12.29

The company is ideally positioned for todays economy as it develops and manages property / infrastructure assets.

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29/04/2021 09:27

Lend Lease (LLC) $12.68

LLC is a slightly different business to most in the real estate sector being a global property and infrastructure company which has been struggling over recent years under the weight of its engineering division which has now been jettisoned.

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22/02/2021 12:40

Lendlease 1H20 result – slightly underwhelming $11.89

Underwhelming update today even against low expectations. Core NPAT at $205m was 7.6% below the $222m expected while the dividend of 15cps was pretty much in line.

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