Company overview Real-time quote LEI.AX , 60.580, +1.080, +1.820%) as Sell - The broker has made no changes to its estimates after management's upgrade in FY08 earnings per share guidance by 5%. This is because net profit at this guidance level works out to $585m which is in line with UBS? forecast of $589m. In the short-term, the broker sees less newsflow on contracts as several large contracts are not due until 2008 though a potential catalyst would be the upcoming Dubai investor tour. However, the key issue for the company remains the length of the commodities boom in Asia which is currently driving the company?s contract mining and infrastructure segments. So the rating remains a Sell.
LEI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
