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  • 2 months later...
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LEI came out of the wedge formation, and then started a ascending triangle


Fri the volume jumped and sold down to just below the $17.4 resistance , but with high vol


LEI will get out of the ascending triangle in few days time...


is this an example of volume precedes price?


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  • 2 weeks later...
  • 3 weeks later...
next support : 18.8, 18.5, 17.5

Technically correct, but it took another press beat-up by Fairfax to make it happen.



Could present a decent buying opportunity at these levels.

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From the early 1960 dealing with company's in certain areas , companies around the world had to offer, a free lunch plus plus plus to be included in tenders or stand a chance of business ... British Leyland Come to mind , good to hear LEI. Has wheeler dealers will buy into the company forthwith Get real guys
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  • 2 years later...

now 70% owned by the Spaniards. Trading as Cimic (CIM)


Performance hurdles for CIMIC's new executive bonus scheme have been labelled "absurd" and not in keeping with Australian corporate governance standards ahead of the contractor's annual general meeting on Thursday.


Spanish-controlled CIMIC's deputy chief executive Adolfo Valderas Martinez and chief financial officer Angel Muriel have been granted options vesting in October 2017 that will give them one share for each option if they pay an exercise price of $27.53.


Chief executive Marcelino Fernandez Verdes is not part of the new incentive plan, because he can already cash in oa a scheme currently worth $21.8 million and potentially worth up to $38.7 million.

La ocasiÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚³n hace al ladrÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚³n

La oportunidad hace al delincuente

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Beats me why they still get the lion's share of the big contracts, given their dubious history and their Spanish ownership.

Surely there are other, more Australian-owned companies, that should not be passed over. After all, once the contracts are secured they are mostly farmed out to a long line of sub-contractors of varying size.

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  • 3 years later...

LEI is now Cimic Group Ltd - ASX code CIM. LEI/CIM get a mention in this article


Monaco rich-listers plead guilty to bribery, corruption after media exposure


Unaoil was used as a middle-man by some of the world's best-known companies such as Rolls Royce, Hyundai, Samsung and Halliburton to win lucrative oil and gas contracts. Prominent Australian company Leighton, now called CIMIC, paid millions of dollars in commission payments to Unaoil after allegedly corrupting the tender process for oil pipeline contracts in Iraq. An Australian Federal Police investigation into Leighton's Unaoil dealings remains ongoing.


Australian investigators continue to build a case against former Leighton executives and the company. The US guilty pleas by the Ahsanis may now assist the Australian investigation into Leighton and several former executives. One of the architects of Leighton's success in Iraq, former Unaoil manager, Basil Al Jarah pleaded guilty earlier this year to bribery charges in separate action brought by the United Kingdom's Serious Fraud Office.





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