LEI 1.67% $20.71 leighton holdings limited

Huge jump at open with SP touching $18.40. Now 1.00 lower but...

  1. DSD
    15,757 Posts.
    Huge jump at open with SP touching $18.40. Now 1.00 lower but still up 1.01 on the day with about 70 mins to go. At 60c the div was double my forecast. Was it ffr? I thought majority shareholder might conserve the payout until more receivable are received... but clearly they want to reward shareholders incl themselves. Smart traders (Casper et al) will exit at open and then probably re-enter closer to 17.30-17.40 mark AND get the div. But it needs one to have faith in LEI and its operations. With Abbott govt set to announce infrastructure lift around budget time LEI will be a big beneficiary. Wonder if Gotleibsen will comment on the 132 page report? Meanwhile i remain pessimistic re world economy and am winding down holdings. TTN only stk i've bought in past few weeks.
 
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