LandMark completes revenue-boosting acquisition

By Trevor Hoey. Published at Oct 16, 2018, in Small Caps

Independent property valuation and consultancy firm, LandMark White (ASX:LMW), has completed its acquisition of Taylor Byrne Holdings, further cementing LMW’s position as the largest ASX-listed valuation services business and expanding the company’s regional footprint throughout the eastern seaboard of Australia.

Taylor Byrne is a leading regional property valuation firm with 26 offices across Queensland and New South Wales.

Not only will the acquisition boost revenues by an estimated 50% — it is also set to provide earnings diversification and improved margins.

Over the coming months, LMW will work closely with Taylor Byrne and the newly formed transaction committee to integrate operations and build upon the duo’s combined capacities.

Undervalued at current levels

Management estimates that annualised revenues and EBITDA will increase by $22.7 million and $2.3 million, respectively.

Given that Taylor Byrne is a high margin business, there should be a significant bottom line impact, and management intends to provide revised 2019 earnings guidance in the coming weeks — a potentially market moving development.

With its 2018 dividend of 4.6 cents implying a yield of 8.3%, LMW is trading on a trailing PE multiple of 10.3, below the sector average of 15, suggesting it may be undervalued.

Consequently, any acquisition related earnings boost, combined with organic growth within its established businesses, should reflect attractive forward investment fundamentals.

This information is general financial product advice only and you should consider seeking professional advice before making any investment decision. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!