this is an income play stock, not a growth stock.
rising yields and imo sluggish operational performance in last quarter, the US tollroads are duds - not expected to be cash flow positive for at least 10 yrs and no US acquisitions in the near future: Politics is playing a major role against the privatisation of tollroads. Hence growth is limited.
Dividend is mostly financed from borrowings.
I have disinvested 50% of my holdings in the last month , and switched to more growth stocks viz QBE, BNB. MIG faces similar issues,but holds a lot of cash.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$13.66 |
Change
0.085(0.63%) |
Mkt cap ! $42.42B | |||
| Open | High | Low | Value | Volume |
| $13.60 | $13.66 | $13.40 | $18.88M | 1.391M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3178 | $13.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.66 | 9201 | 31 |
View Market Depth
| Last trade - 12.47pm 18/07/2025 (20 minute delay) ? |
| TCL (ASX) Chart |