LEI has been looking a bit cheap lately. My guess is that many instos/fundies reduced their holdings in anticipation of the Valemus float...now canned. So I wouldn't be surprised if those same instos/fundies start topping up again. As for LEI itself, they seem to be picking up reasonable amounts of new work, so I'd expect the sp to head for the mid to high 30s in the lead up to the FY10 results in Aug/Sept. Worth keeping an eye on imho.
LEI Price at posting:
$29.53 Sentiment: Buy Disclosure: Held
