barnsty.... having said all that I would not buy either WOR or LEI in current mkt. LEI has had a catostrophic fall from $28 to near 16 in just over a fortnight. King ann div will be maintained and LEI raised 700m recently. IMO the most likely reason LEI is tanking is that its main shareholder Hotschem (a German building outfit)is in severe strife (common knowledge) and has approached some big brokerage banks in Europe asking them to find a buyer.
I still hold some LEI. Have decided to not sell coz loss will be huge and if i am right re Hotschem i expect buyers for LEI will be found in 14-18 range. AUD is weak and makes LEI cheap. It's possible a Middle East institution will buy into LEI. Don't think they will have problem selling such a strong company with huge potential..... even though the sums involved will be massive.
LEI Price at posting:
$16.07 Sentiment: Hold Disclosure: Held
