Lindsay's Bull Sees Some Risk Around Acquisition -- Market Talk

Dow Jones

May 19, 2025

0043 GMT - Lindsay Australia's bull at Wilsons warns of execution risk around the logistics operator's latest acquisition. Analyst Ben Wilson tells clients in a note that Lindsay's acquisition of refrigerated-transport company SRT makes strategic sense, with cost and revenue synergies available. However, he cautions that the EPS accretion flagged by Lindsay hinges on SRT achieving 90% Ebit growth in FY 2025. Most of the fiscal year is over, which reduces uncertainty, but there is still some risk. Lindsay has mixed record on recent acquisitions, Wilson adds. Wilsons raises its target price 14% to A$0.99 and keeps an overweight rating on the stock, which is down 1.4% at A$0.715.(stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 18, 2025 20:43 ET (00:43 GMT)

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Analyst Ben Wilson tells clients in a note that Lindsay's acquisition of refrigerated-transport company SRT makes strategic sense, with cost and revenue synergies available. However, he cautions that the EPS accretion flagged by Lindsay hinges on SRT achieving 90% Ebit growth in FY 2025. Most of the fiscal year is over, which reduces uncertainty, but there is still some risk. Lindsay has mixed record on recent acquisitions, Wilson adds. Wilsons raises its target price 14% to A$0.99 and keeps an overweight rating on the stock, which is down 1.4% at A$0.715.(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 18, 2025 20:43 ET (00:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lindsay's Bull Sees Some Risk Around Acquisition -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLindsay's Bull Sees Some Risk Around Acquisition -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-19 08:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0043 GMT - Lindsay Australia's bull at Wilsons warns of execution risk around the logistics operator's latest acquisition. Analyst Ben Wilson tells clients in a note that Lindsay's acquisition of refrigerated-transport company SRT makes strategic sense, with cost and revenue synergies available. However, he cautions that the EPS accretion flagged by Lindsay hinges on SRT achieving 90% Ebit growth in FY 2025. Most of the fiscal year is over, which reduces uncertainty, but there is still some risk. Lindsay has mixed record on recent acquisitions, Wilson adds. Wilsons raises its target price 14% to A$0.99 and keeps an overweight rating on the stock, which is down 1.4% at A$0.715.(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 18, 2025 20:43 ET (00:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4152","symbol_name":"农用农业机械","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2536554327","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536554327","pubTimestamp":1747615380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0043 GMT - Lindsay Australia's bull at Wilsons warns of execution risk around the logistics operator's latest acquisition. Analyst Ben Wilson tells clients in a note that Lindsay's acquisition of refrigerated-transport company SRT makes strategic sense, with cost and revenue synergies available. However, he cautions that the EPS accretion flagged by Lindsay hinges on SRT achieving 90% Ebit growth in FY 2025. Most of the fiscal year is over, which reduces uncertainty, but there is still some risk. Lindsay has mixed record on recent acquisitions, Wilson adds. Wilsons raises its target price 14% to A$0.99 and keeps an overweight rating on the stock, which is down 1.4% at A$0.715.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4152":"农用农业机械","BK7163":"货物陆运","LNN":"Lindsay","BK7125":"陆运","LAU.AU":"LINDSAY AUSTRALIA LTD"},"translate_title":"林赛的牛市认为收购存在一些风险——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LNN":1,"LAU.AU":0.9},"content_text":"0043 GMT - Lindsay Australia's bull at Wilsons warns of execution risk around the logistics operator's latest acquisition. Analyst Ben Wilson tells clients in a note that Lindsay's acquisition of refrigerated-transport company SRT makes strategic sense, with cost and revenue synergies available. However, he cautions that the EPS accretion flagged by Lindsay hinges on SRT achieving 90% Ebit growth in FY 2025. Most of the fiscal year is over, which reduces uncertainty, but there is still some risk. Lindsay has mixed record on recent acquisitions, Wilson adds. Wilsons raises its target price 14% to A$0.99 and keeps an overweight rating on the stock, which is down 1.4% at A$0.715.(stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 18, 2025 20:43 ET (00:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}