LINDSAY AUSTRALIA LIMITED (LAU)



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General Information
Company Name: Lindsay Australia Limited
Stock Code: LAU
Website: www.lindsayaustralia.com.au
GICS Sub-Industry: Trucking
Market Cap ($M): 37
Equiv. Shares (M): 220

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.190 $ 0.180 $ 0.200 $ 0.180 $ 0.170 130,546 $ 0.020  11.765 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 30th Aug 2012
12 Month Target Price (average): $0.2
Brokers Surveyed: 1

Company Overview

Business Description:
Lindsay Australia Limited (LAU) is an integrated transport, logistics and rural supply company with a focus on servicing customers in the food processing, food services, fresh produce, rural and horticultural sectors. LAU operates mainly in east coast region of Australia, with head office in Brisbane.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 0.0 0.0 -100.0 1,604.0 0.7 4.4 100.0
2011  A 1.4 0.7 -68.2 28.7 0.7 3.6 100.0
2010  A 3.8 2.2 -18.5 9.2 1.4 6.7 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Lindsay Australia (LAU) $37 M -0.9850 -- -- 1700.0000 -- -- 0.0412 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
LAU 1.55 1,700 0.75 -- 0.14
Market 1.07 12.6 0.89 2.31 2.58
Sector 1.08 14.9 1.48 1.42 1.47

Directors
Name Position Start Date
Mr Michael Kim Lindsay Chief Executive Officer,Managing Director 26 November 1996
Mr John Frederick Pressler Non-Executive Chairman 08 January 1997
Mr Richard Andrew Anderson Non-Executive Director 16 December 2002
Mr Gregory (Greg) Damien Farrell Non-Executive Director 17 November 2005
Mr Leslie Raymond Hancock Non-Executive Director 13 September 2002

Management
Name Position
Graham Andrew Johnston Chief Financial Officer,Company Secretary
A W Bunker Commercial Manager Transport
T G Lindsay General Manager Transport

Substantial Shareholders
Holding Name
11,602,017 (5.31%) Thomas Kelsall Lindsay
11,004,927 (5.04%) Lindsay, Michael & Dianne
36,149,982 (16.55%) Washington H Soul Pattinson and Co Ltd
26,229,303 (12.01%) Amcor Packaging (Australia) Pty Ltd
29,714,076 (13.61%) Mulawa Holdings Pty Ltd
13,745,544 (6.29%) Thomas Glen Lindsay
13,189,092 (6.04%) Mizikovsky Group

Calendar of Events
Date Event
24 February 2014 Report (Interim)
23 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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