LEI 1.67% $20.71 leighton holdings limited

Michaelirish has played LEI like a harp. Well done! During the...

  1. DSD
    15,757 Posts.
    Michaelirish has played LEI like a harp. Well done! During the weeks leading up to interim I was consistently bearish. History shows that as soon as interim was ann the SP leapt and leapt. In 4 weeks has gained 45%!! And this our biggest industrial! So i was wrong to be bearish with SP at around the $16 mark. But so was the ENTIRE mkt. For 3 months (mid-Nov to mid-Feb) SP barely moved either side of 6 bucks. Then bang! I was influenced by the scathing commentary of RG re LEI management but as i posted i was most concerned re inability to comprehend financial status of HOTCHIEF and its motives/strategy with LEI. Now all is revealed. H intend to own more/all of LEI and SP opened today at $23.04. What a good time to be holding and now one has clarity it's easy to sell and take profits. Was the SP deliberately manipulated down during the 3 month period or was it simply sentiment? I've no idea. Did H. make a decision months ago re TO or just in past week? Who knows? The news is out and holders sail into sunset! It's something we all hope to do. Query: Michael what is yr next fancy?
 
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