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Lendlease Corp Ltd (LLC) $10.77

Over recent decades LLC has been a very popular stock with Australian investors but post the GFC its been an underperformer albeit with some significant volatility thrown into the mix. However the companies report on Monday felt like the worst could be behind the property / infrastructure company, the board described 2022 as a reset for the business and it managed to deliver a core operating profit of $28mn for the half year.

The companies sitting on $3bn of liquidity and we feel the business is now well positioned as a post COVID recovery play through 2022 /23.

MM likes LLC under $11
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Lendlease Corp Ltd (LLC)
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