LEI 1.67% $20.71 leighton holdings limited

Is this giant of Australian engineering being 'hung out to dry'?...

  1. DSD
    15,757 Posts.
    Is this giant of Australian engineering being 'hung out to dry'? Bet the majority overseas owners aren't too chuffed but they are powerless to stop the downturn in engineering wk worldwide. Can it break $15.00? Not inconceivable now esp as in just 3.6 months SP tanked over $8 from $24!! MS sector being decimated. I wonder how many SMSF have shares in MS sector? Insto short sellers have ripped into these with ferouscity (sic)last seen in 2HCY08. Perhaps we'll see $14.00. Can't rule anything out in current climate. I'm surprised WOR has held-up so well. But WOR is in far better financial health than LEI. Avoid.
 
watchlist Created with Sketch. Add LEI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.