Looks like they will take the big bath approach to accounting, clear the rubbish and start again.
When Downer did there cap raising it actually didn?t drop the share price below previous lows associated with the downgrades.
With the share price down nearly 30 percent since the time of the first downgrade, I?m hoping a large amount of this has been priced in and that there will be some good news tied in there somewhere.
Hurting a bit on these thats for sure.
Good luck all come monday.
LEI Price at posting:
$28.29 Sentiment: None Disclosure: Held
