LLC ASX: Prospect of Lendlease writedowns impossible to ignore (copyright link)
Lendlease’s day of reckoning is fast approaching.When it gets here on Monday, the overarching theme of its strategy reset will be scaling back UK/Europe and US construction and development, and repatriating that capital back home to Australia – that much is a given.How Lendlease does it, and how quickly it can happen, is the main battleground. It can go fast and cement a few billion dollars worth of losses, or tread more carefully to try to minimise the damage. There are likely to be significant writedowns either way.
LLC ASX: Prospect of Lendlease writedowns impossible to ignore...
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