Australian (ASX) Stock Market Forum

LLC - LendLease Group

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LLC continues in its downward channel with a large up bar yesterday on meh volume. It may go up or may go down.

gg
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If you like it it's cheap, has and can again pay higher dividends, lots of quality assets and a large pipeline of work, consistent dividend payer, perhaps best to treat LLC like a bond of sorts, anyway at $10.41 it looks cheap.
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Lendlease has quietly disclosed for the first time that it is being audited by the Australian Taxation Office over the partial sale of its retirement village business, which Aware Super and Dutch fund APG bought into.

The estimated $300 million clash with the Tax Office comes after Lendlease’s former tax adviser blew the whistle and accused the company of double dipping on tax deductions.
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Lendlease spent about $1.7 billion on retirement villages and swapped the contracts with residents from leases to loans around 2014. It legitimately claimed tax deductions for swapping the contracts.

But a point of contention with the ATO is that Lendlease did not adjust the tax carrying value of the retirement village assets to calculate future capital gains tax, and it did not recognise a deferred tax liability.
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..... always messy.
 
I do believe LLC in a great position at buy range on technical ground.
But this analysis puzzles me as it is for probably for the day traders.
Could @So_Cynical , @tech/a , @peter2 and other gurus please share /add your thoughts on the following charts ?
DNH but was looking for an entry thinking a great opportunity
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this was analysed by them on monthly basis - not much difference.

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Miner said:
I do believe LLC in a great position at buy range on technical ground.
DNH but was looking for an entry thinking a great opportunity
this was analysed by them on monthly basis - not much difference.
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LLC is in a down trend so its never going to look good on any of the trend buy indicators, wont actually look good on many fundamental indicators as well, Even the PE is very high, its mostly profitable and has massive revenue income, big international player, FUM of about 40 Billion.
 
So_Cynical said:
LLC is in a down trend so its never going to look good on any of the trend buy indicators, wont actually look good on many fundamental indicators as well, Even the PE is very high, its mostly profitable and has massive revenue income, big international player, FUM of about 40 Billion.
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Thanks, SC @So_Cynical
I can see your convincing instinct to shoot the bird at the low flying range when others are just adjusting their barrels :)
That's where probably your skills create the winning edge over many others like me.
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extract from wallet investor. I must say however wallet investor changes its recommendation pretty rapidly to base any long term decision. So DYOR. DNH

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You ever find yourself up, way past your bedtime, looking at random charts?

That was me last night, for some reason looking at LLC.

What an ugly chart.

If you bought into the company in 2014 and held on for dear life, your reward in total returns over the last 8 years has been nothing.

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This was the chart that convinced me I needed to turn off the computer and go to bed.
 
i hold some LLC not bought at a high , ( av. SP $15 ) and have not been comfortable about averaging down on this , sector headwinds , likely credit tightening , for every reason to make a buy , i see two reasons to stand back and wait longer .

one might wonder if this will be a take-over target ( crystallizing a loss for me )
 
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