It is looking a bit ominous. My guess is LEI might bite the bullet on the Al-Habtoor unrecoverables and write them off now rather than drip feed them into future results. Same goes for some local projects like BCS and the Vic desal plant. All will be revealed...at some point.
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- looks like downgrade/writeoff and rights issue
looks like downgrade/writeoff and rights issue, page-3
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