Standby for big announcement from Turnball re inner city transport. He wants trains of all kinds to be the dominant mode/first choice for commuters. The big winners will be UGL, DOW and LEI who i expect will buyout UGL. Seems I'm not alone as SP rises and rises despite zero official news. But when i find it i will post what Turnball has already stated. It will cost many many Billions!
Easiest way for LEI to muscle in is to buy the 'pipsqueak' train specialist UGL. UGL build locos, train carriages and do mountains of wk building rail tracks, signalling systems, as well as maintenance of entire city trams/train fleets. Plus UGL already do lots of wk for LEI re road tunnels etc (see recent 444m contract) so they trust each other. LEI SP also strong today.
BUY up to $2.14 then hold. Divs resume in Feb 2015. dyor.
the funny thing is, page-32
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