Ann: Change of Director's Interest Notice , page-14

lei will still have negative close to 1billion when they have finished the airport link in brisbane.
maybe more.
and i hear that another huge contract they are doing is also in the red.
if you think lei is going to rebound fast think again.
lei has mass work yes they do but they aint makin any money out of the big ones they are looosssinng.
if they have screwd up on gorgon they will be stuffed.
most major construction jobs in aus are stuffed due to work place health and safety.
they make it very difficult to peform smiple one man one hour tasks and turn them into four man four hour tasks and send contractors into the red and it all comes down to skilled labour.
i wauld say that many upon many hundreds of thousands of man hrs have been wasted at $35 plus an hr due to safety regs and that is where compnies like lei are being screwed to the wall.
H&S is a complete over kill imo and ruining many contracts for these companies.
lei imo is a short.
sub $20 by june 2012