ShareCafe Posted March 16, 2004 Share Posted March 16, 2004 LEIGHTON HOLDINGS LIMITED Link to comment Share on other sites More sharing options...
Cris Posted March 16, 2004 Share Posted March 16, 2004 IN REPLY TO A POST BY topic-starter, Tue 16/03/04 04:12pm FYI ASX Announcement - Tue 16th March LEI 3:02 PM ! Thiess awarded major Coal Contract for Hunter Valley Coal $227M contract by Xstrata Plc (subsidiary Hunter Valley Coal Corp) to operate the Ravensworth East Mine - min 3 years (up to 10 years) Link to comment Share on other sites More sharing options...
crassus Posted May 7, 2004 Share Posted May 7, 2004 Looks pretty good value at $7.70 right? Anyone got any thoughts where to from here? Link to comment Share on other sites More sharing options...
Jay Posted May 7, 2004 Share Posted May 7, 2004 I reckon its going closer to $5 before we will see a sustained turn around. However there is a chance for a quick profit around this level. Link to comment Share on other sites More sharing options...
Harvey_Krumpet Posted May 7, 2004 Share Posted May 7, 2004 Jay I think it's a one off. The profit downgrade is due to a stuff up. With regards to comments such as "modest improvement next year", I think the market would have factored that in. So you have to analyse if the drop in the SP is fair for the one-off event. Looks like a fair punt to me. Link to comment Share on other sites More sharing options...
Harvey_Krumpet Posted May 7, 2004 Share Posted May 7, 2004 Still plenty of volume going thru. I thought it may have dried up. Maybe no bounce? Link to comment Share on other sites More sharing options...
Jay Posted May 7, 2004 Share Posted May 7, 2004 It will have a reasonable bounce Harvey, but then head lower. I still reckon a low around $5 will pull it up though. Link to comment Share on other sites More sharing options...
crassus Posted May 7, 2004 Share Posted May 7, 2004 recovered now slightly to 7.75 only down 15c, pretty heavy volume over $65m value gone through. I recken around $6-$6.50 should be bottom Just been doing some reading on LEI and looks pretty good, great diversification, got $500m in cash. $12,800,000,000 on work in hand.(impressive ha http://www.sharescene.com/html/emoticons/graduated.gif ) Book value is $3(not bad) $2.2B Assets $1.4B Liabilities (could be lower) BBB+ credit rating (could be better) And a nice divvy of 5%(today price) Id say a buy, but chart says sell. Link to comment Share on other sites More sharing options...
Harvey_Krumpet Posted May 7, 2004 Share Posted May 7, 2004 crassus, "I'd say a buy, but chart says sell" Absolutely brilliant. No matter what happens you're going to be right, damned right! Link to comment Share on other sites More sharing options...
crassus Posted May 7, 2004 Share Posted May 7, 2004 i never thought of it that way. Actually id say HOLD, if i was a broker. If someone owned it is say hold. If someone said should i buy some, id say wait, it might retrace more if u like it. So HOLD for me.(for now) Link to comment Share on other sites More sharing options...
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