Agree MM, me also thinks very sus reporting. Dragging up old news and cannot check journo source - journo privilege. Will have to check ASIC reported short positions over this period for aggressive short cover.
Any coincidence Wal King also in NBN news lately? I think also have to check offshore trading of the parent company.
Journo source perhaps could be a hedge fund? When was the last time an AFR journo spend 6 months investigating a 1 or 2 day news before weekend? 6 months is a lot of effort/money for this story. The market is tough enough for the little guys without having to trade against all these HFT/hedge people playing games.
I won't be waiting for "authorities" to investigate Leighton or the journo.
Just bought a few for a bounce.
LEI Price at posting:
$17.54 Sentiment: ST Buy Disclosure: Held