"lei will still have negative close to 1billion when they have finished the airport link in brisbane." Delays on Airport Link road in Brisbane is known (last April announcement?). That's the reason for the recent CR, isn't it? Known factors? And factored in?
I know Australia has very strict Health & Safety policies which are sometimes a barrier for running business. However, they are a matter of negotiation and educations which depends on management's skills/effectiveness/abilities. Good company management teams can do something that Workers/staff members consider themselves as the owner/family of the company. In fact, they are. The issues of H&S may also be dependent of job demand/supply. Nowadays, many foreign skilled workers (temporary visa holders) want to work those construction area.
Anyway, I will take your view in my note. Personally, I don't see only Australian projects. Projects from overseas are also very important.
Other readers, please ignore my sentiment. All decision is your responsibility. I am not a professional advisor.
Regards,
Good night.
LEI Price at posting:
$23.57 Sentiment: LT Buy Disclosure: Held