Yes, I meant AbiGroup (ABG). Apologies for the mix up there.
For LEI (Leightons), they have a very strong forward order book, a multi-faceted business focus, a strong Asian presence, exposure to telecommunications in Australia and overseas, >$1.0B in cash and reserves, strong contracts in tollways (etc) in NSW (including the western Orbital), the magnesium smelter for ANM and the South Australian smelter for MIL (through 50% owned Thiess). And, they are fast acquiring their smaller competitors, and adding more scale to their business.
For ABG (AbiGroup), their forward order book is shrinking (notwithstanding the Orbital win in JV with WLeighton Contractors). Their cash reserves ~$20m, their turnover is sub-$600m, and has been falling since 2000. Their profitability is small. The Superdome is like a millstone. Management appears limited in their capacity to perform, although I am expecting better things of Peter Brecht (provided that he does not delegate down too far, or get controlled by the Corporate functions).
Just some of the reasons why I favour LEI over ABG.
