Financial News, Analysis and Data, FNArena

FNArena

Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

Equity Bottom-Up

<ul>
<li>Update on changes to and revisions of analysts' Best Ideas and Conviction Calls, as well as Model Portfolio compositions</li>
</ul>


Update on changes to and revisions of analysts' Best Ideas and Conviction Calls, as well as Model Portfolio compositions


Rudi's View: CBA, Life360, ResMed, Zip & More

External broker reports(aggregated public sources), Ord Minnett

Ord Minnett

External broker reports(aggregated public sources)

Ord Minnett is a leading Australian wealth management group, incorporating full-service stockbroking, financial planning and funds management. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<div><div><div><div><ul><li>Positive sector tailwinds - Horticulture production volumes in FY22e and FY23e are forecast to be ~8% above the long-term average (source: ABARE).</li></ul><div><div><div><ul><li>Full year result expectations - We expect FY22 EBITDA o $57.1m (+27%) and adjusted EPS of 4.95cps (+54%), demonstrating operating leverage benefits now that the gearing ratios have reduced and rail is a more meaningful earnings contributor.</li></ul><div><div><div><div><ul><li>Maintain BUY, $0.55 valuation-  LAU trades on a P/E discount to sector peers in FY22e and FY23e.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p></div></div></div></div></div></div></div></div></div></div></div>

Positive sector tailwinds - Horticulture production volumes in FY22e and FY23e are forecast to be ~8% above the long-term average (source: ABARE).Full year result expectations - We expect FY22 EBITDA o $57.1m (+27%) and adjusted EPS of 4.95cps (+54%), demonstrating operating leverage benefits now that the gearing ratios have reduced and rail is a more meaningful earnings contributor.Maintain BUY, $0.55 valuation-  LAU trades on a P/E discount to sector peers in FY22e and FY23e.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Lindsay Australia Limited - Sector Tailwinds

Australia

Lindsay Australia Limited is an integrated transport, logistics and rural supply company.  The Company primarily services customers in the food processing, food services, fresh produce, rural and horticultural industries.

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