L & T (thread closed and thread name changed, because the company already has a main thread and to prevent it from appearing in searches)

Stocks
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I’ve been looking into L&T for a more defensive portfolio for a moment. In summary; steady performance and a 6-7% dividend looks safe. As Mäkinen states in his tweet, in a zero-interest rate environment, this kind of business and return interests many.

Q3-20 earnings video: Lassila & Tikanoja Q3'20 ti 27.10. kello 9:00 - Inderes

  • In my opinion, what’s noteworthy here is the business’s resilience and how it bounced back in Q3.
  • Apparently, office closures / remote work is not a critical factor for the company
  • Profitability figures are good
  • Growth prospects (only?) weakness

Also a video from the stock market evening, I haven’t watched: Lassila & Tikanoja sijoituskohteena (Pörssi-ilta 11.11.2020) - Inderes

Boring is good?

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I recall seeing that L&T has paid out 100% of its earnings as dividends for many consecutive years. This nullified my investment decision.

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Looks like there was already a thread open for this: Lassila & Tikanoja - #33 käyttäjältä Artisti - Osakkeet - Inderes forum.

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And isn’t LT practically entirely a transportation company, meaning it makes its money by having trucks haul waste? And apparently, competition in this field is quite fierce.

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Oh damn, this wasn’t on the L&T company page… Looks like I even replied to it myself last time lol :smiley:

@Yu_Gong could you fix this? @Verneri_Pulkkinen this thread could be killed and perhaps the opening post copied to the old thread?

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