Lendlease is a current holding in our ASX 100 model portfolio.
The market has discounted LLC share price due to substantial impairments on troubled projects within their engineering business.
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The group reports earnings on the 25th of Feb and we expect to hear whether an exit of this business is likely. Investors have lost patience regarding a turnaround and a trade sale or spin-off of the division will be well received by the market.
If confidence is restored and investors can look through the short-term troubles, LLC could re-rate back towards $15.00
