LEI expects to report an operating result after tax of about $650 mil, up 8% compared to last years result of $608 mil. But the profit will be affected by write down in investment values.
The fact they expect an operating result up 8%, an increase compared to last years result should be seen as a positive. Ok it will be affected by write down in investment value.
Who knows... if these investments should pick up in value in the short term before they report in Feb, they might beat their forecasts!!
Trying to be optimistic here!
LEI Price at posting:
$22.16 Sentiment: Buy Disclosure: Held
