Ann: Trading Halt , page-29

LEi had fallen in the lead up to the announcement, in the expectation of bad news. Very usual for a new CEO to clean the slate. Most off the bad news was in Airport Link which has been a problem for a while.

The stock isnt going to fall to the teens, and I doubt it will get close to the issue price. Likely the big initial bang, value seekers jump in, and a partial retrace before it settles. Suspect it will settle 25-26 range but trade below that initially.

Then they just have to perform to regain favour and put this behind them. With Wal King gone and slate cleaning ...unlikely any more downgrades will trickle on.

Will be glad to see the completion of airport link. Its been a dog to all who have touched it