Cost overunning used to be the problem with Clough, now that...

  1. 5,447 Posts.
    Cost overunning used to be the problem with Clough, now that seems to be Leightons'. The share price is indicating the new 'mean machine team' is beginning to work. Not much news coming out publicly which is good, they have their heads down and concentrating on real performance. Being based in Western Australia in the current minerals and energy price boom will do them no harm. Not only is there work to do for mining and oil/gas companies, but the government is getting truck loads of tax money which is being spent on infrastructure. All this puts money into locals pockets and benefits local industries. Cloughs' timing of getting into the local building/development market couldn't have been better. Good times ahead and institutions may be sniffing around the Clough family holding.
 
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