excellent boardroom radio presentation , page-4

haha... you got in at an average of $17? And there I thought I did a good job.

Bah.. anyhow, I have always believed that it's time for the engineering companies to lead the front and since the stock dropped due to issues in Dubai (and a few other projects - wish they stay clear of PPPs but anyway) which accounts for less than 5% of Leighton's project "pie" I doubt this is a heavy risk investment.

Anyhow, nice to see the company taking a conservative approach to the revaluation of assets. The MAH position, I expect, has quite a bit of upside potential as well so all in all, this should be an interesting one to hold for a while.