what is the story with this dog., page-10

MIG......

What can you say?


SP....very, very disappointing....to say the least....

MIG fell in June because of the spike in the US 10 year bond...above 5.3%....so they said....

Now the Bond is 4.6% and no MIG rise......

TCL has just surpassed in Market Cap....

MIG is essentially a foreign company....with most revenue coming from sterling, Euro, Loonie...all currencies that have appreciated more than the Aussie D

Only a small % of revenue from the ailing USD.

All significant refinancing done. Does not need to approach the markets for at least 4 yrs.

Debt hedged.

Tolls inflation proof and in the UK and Canada at MIG's discretion.

assets second to none,

worth much more than their BV judging by Mexican concession (recent)

There is a hiccup in France where the APRR did not get the increase in tolls they wanted.

But Eiffage is subject to a compulsory take over which wqould value the APRR at 4 times wshat was paid for it...


And the South Bay Expressway is due to open soon...


All good news, but what about the SP...

Management have given up in despair.....

I think it is time MBL looked again,,,at trhe base fee...

What is MIG getting for it?

MIG has paid millions to MBL.
MBL has milked MIG dry.

The only person I know that knew MIG well,,,was Mr Easson, the independent director.................he owned very few shares


That said...............

I believe MIG will move up coming to the AGM...where there will be serious questions asked of management...

Mr Allen has tried hard.

Is he up to it...or is he beholden to MBL.

Maybe MIG should look at the BNB structes with its satellites