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Re: LEI - Leighton Holdings

Interview this morning on inside business with CEO Wal King..

You can view it here presently: http://www.abc.net.au/insidebusiness/

He seemed fairly positive with regards to still securing major projects, even during the GFC.

Chart also reflects a bit of a bear market rally with a recovery with 9.55% rise last week, although I'm a bit hesitant on whether next week will be messy for many stocks in a similar position. Resistance possible at $20.00.

100% Fib retracement target = $9.57
 

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Re: LEI - Leighton Holdings

This stock opened up above short term resistance at 20.50, smashed through the 38.2% Fib mark at 21.15, Just broken through the 50% fib at 22.69, and hopefully heading higher on above average volume.

I was wondering why this stock was lagging the general market upturn (Bris connections stuff didn't help). The Rudd spending will help it to. Let's hope the big fish start accumulating it.
 
Re: LEI - Leighton Holdings

Nero64 said:
This stock opened up above short term resistance at 20.50, smashed through the 38.2% Fib mark at 21.15, Just broken through the 50% fib at 22.69, and hopefully heading higher on above average volume.

I was wondering why this stock was lagging the general market upturn (Bris connections stuff didn't help). The Rudd spending will help it to. Let's hope the big fish start accumulating it.
Click to expand...

Now, LEI is going up. It has added 11% to its value today. The reason is beleived to be as below;

"Acacia is rumoured to be in the box seat to build the NBN. Following speculation that the form of the NBN itself has shifted to more of an emphasis on wholesale backhaul, industry sources claim the Federal Government is currently locked in negotiations with Acacia to roll out fibre with the backing of Nextgen Networks owner Leighton Holdings

With a formal announcement from Prime Minister Kevin Rudd and Communications Minister Stephen Conroy now expected around April 7, sources close to the negotiations inform CommsDay that both Acacia and Leightons have been in back-room meetings with the government over the NBN rollout "

Read the article below ;
http://www.commsday.com/node/322

Also there is very detailed discussion about this issue at this forum :
http://forums.whirlpool.net.au/forum-replies-archive.cfm/1162978.html
 
Re: LEI - Leighton Holdings

Nero64 said:
This stock opened up above short term resistance at 20.50, smashed through the 38.2% Fib mark at 21.15, Just broken through the 50% fib at 22.69, and hopefully heading higher on above average volume.

I was wondering why this stock was lagging the general market upturn (Bris connections stuff didn't help). The Rudd spending will help it to. Let's hope the big fish start accumulating it.
Click to expand...

Yeah nice work today!

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 214.0 213.7 224.5 229.9
DPS 143.6 145.0 146.0 148.5

Date: 13/3/2009
Author: Mathew Murphy
Source: The Age --- Page: B3
Wal King, CEO of construction conglomerate Leighton Holdings, argues that the Australian Government's large-scale infrastructure projects will need to use novel ways of financing, as banks now are unwilling to get involved in major public-private partnerships. King says the revival of infrastructure bonds could be one answer to the problem.
Click to expand...

1365.jpg


thx

MS
 
Re: LEI - Leighton Holdings

There's a few stocks like this at the moment, seemingly coming out of clear downward channels and moving sideways. The bears are still convinced that that wasn't a bottom, but to me the clear downtrend is no longer there. There's so many resource juniors wit rounded bottoms too, or who have been tracking in a sideways band for a few months it really makes me wonder if we did see a bottom down there.
 

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Re: LEI - Leighton Holdings

I think there are good signs coming.

I hope my charting doesnt look too newbish - still learning. LOL
 

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Re: LEI - Leighton Holdings

Somewhat unexpected break over $26 today..albeight in pretty low volume at the moment.

Still seem to be signing up a few projects worldwide, and forecast earnings still running around the 200cps for 2009. Still probably fairly priced if this turns out to be the case.

Preliminary Final Results out on 14th August
 

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Re: LEI - Leighton Holdings

Leaky tyre it seems.. :rolleyes:

Subsiduary Thiess awarded part of $2.25bn M80 Ring Road Project in Victoria.
 
Re: LEI - Leighton Holdings

From ninemsn:

Stocks in the spotlight
Leighton Holdings Limited (LEI) | Overview
Recommendation: Accumulate |
Price: $31.58 ( 0.68 )
Australia�s largest engineering services contractor has major infrastructure, contract mining and construction businesses locally, in the Gulf and in Asia. Capable financial management funds a $35bn-plus order book. Risk is generally well...

Thoughts?

A great Australian company with a great story.
Im going to spend some time looking into it but my thoughts are that it is a overpriced to be entering...
 
Re: LEI - Leighton Holdings

Just whipped up a chart on LEI.

Decent up move today in a weaker overall market but staring $30.50 resistance in its face. SP has poked out of that line twice before but retreated just as quickly.

A solid close and break of that resistance today coupled with a good result on 16 Aug may see the stock move to next resistance at $34.
 

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Re: LEI - Leighton Holdings

I wish Leightons stock would start heading north, even good news can't get it moving it the right direction. Its going to be out of LEI and JBH for my dog stock of 2010. :banghead:
 
Re: LEI - Leighton Holdings

Any thoughts on how Leighton may fair due to exposure in Queensland's flood affected areas - 1Billion dollar contract for the Ipswich town center, 105million dollar contract to upgrade the Goodna reclamation plant in Ipswich, various coal mines (not sure if they have been caught up in the disaster) & the contract with Ergon Energy??

Is it quite possible that Leighton will be contracted to clear up the mess as such & rebuild a fair share of damaged infrastructure?

Any insights would be appreciated.

Currently hold long term.
 
THEISS WINS $136M COAL SEAM GAS CONTRACT

Leighton Holdings Ltd subsidiary Thiess has won a $136 million coal seam gas upstream infrastructure contract in Queensland for early works projects in the Surat Basin.
Thiess says it will begin work this month to install field compressor stations, HDPE gathering pipelines, intermediate pressure gas trunklines, water storage ponds and complete site preparation for additional compressor stations for explorer and producer QSG.
Managing director David Saxelby said the contract was a major milestone that secured Thiess' presence in the growing LNG sector.
At 1310 AEDT, shares in Leighton were down 14 cents at $31.36.

Link:http://www.thebull.com.au/articles/a/16986-theiss-wins-$136m-coal-seam-gas-contract.html


All good news except for "shares in Leighton were down 14 cents at $31.36." Better value for money buy. Its going have to go up soon with all the positive news going around?
 
Re: LEI - Leighton Holdings

LEI - LEIGHTON HOLDINGS LIMITED
Leighton Holdings Secures $110m Botany Paper Mill Contract
27/01/2011 10:00AM

Leighton Holdings announced that Leighton Contractors has been awarded a $110m contract by Amcor for the design and construction of civil and building infrastructure at the Botany B9 Paper Mill in Sydney. Under the contract, Leighton Contractors will design and construct the paper machine building, stock preparation building, product store waste paper yard, mill offices, control room and other ancillary works. The Botany B9 Paper Mill will


LEI stocks finally moving north! :)
 
Re: LEI - Leighton Holdings

Leighton seem to win a new contract about every other week but are taking their time travelling North.
 
Re: LEI - Leighton Holdings

fanger said:
I'm so sick of this stock so I sold out of it yesterday. :banghead:
Click to expand...

I am afraid you are looking like a perfect contrarian indicator...

We've all done it at some point in your trading/investing life.
 
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