what the , page-16

It seems to me that the reason for the steep decline is that, like almost all infrastructure stocks, this company is heavily debt funded ( I calculate about 95% in this case)and the cost of funds is going up. I don't know the term of current funding including how long current rates are locked in. This is probably why Institutional advisers like Charlie Aitken are predicting that Hedge Funds will target Infrastructure stocks next for short selling