Over the last year I have been a big supporter of LEI and luckily for me I have been out for some time.
I must say that there is a lot of noise out there saying that LEI long term is a buy but given the mass of projects commenced in the last year how can we/you trust current management to deliver on margins.
There current margins are tight as they are when they deliver. If the Mining contracts do not deliver for the rest of the year I feel LEI is a couple of years away from getting back on track.
Really disappointing. You live and you learn always. Management are paid extremely well to deliver and they have failed.
Good luck
:) Nic
LEI Price at posting:
$28.29 Sentiment: None Disclosure: Not Held
