LEI has lost money this term on 2 projects. It has a billion dollars of work on the books. Mostly governement and mining. Soon the 2 loss making projects will be done and behind them. The responsible people have already been sacked.
Even with no growth, if they simply just go back to the same profit as last year, the next term they will be reporting "100% profit increase" then investors wont be able to get enough of it. IM not saying its a buy today, but medium term leading up to the next report, LEI will trend back to where it was 2 days ago if not higher ( ie 11.40)
LEI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
