Chanticleer
‘Broken business model’: Wylie slams Lendlease
While CEO Tony Lombardo pleads for patience, a veteran investor wants to see more radical change after Monday’s big fall.
Veteran dealmaker and investor John Wylie has run out of patience with property giant Lendlease.
The stock plunged 14.5 per cent on Monday after the company revealed a huge December half profit miss and downgrading of its full-year return on equity (ROE) forecast.
Loading...
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commercial
Fetching latest articles