This week our chartist Gary Stone of Share Wealth Systems has a property theme for both his picks.
“Lendlease Limited (LLC): After ‘liking’ Lendlease in early June in this column at $18.90, Lendlease is my ‘like’ again this week. Lendlease’s share price achieved a clear break above its 2007 high on increased traded volume last week. Over the coming weeks Lendlease is likely to challenge its all-time high of $23.13 achieved in January 1999! Lendlease’s PE Ratio of 15 is still relatively low for a stock whose share price has risen 35% over the last 6 months.”