AFR A. Mc Donald et al, 11.10.22, said there will be strong interest in a TLS sale of InfraCo in 2023. This will emanate mainly from Australian institutions, but also from overseas funds- both have strong interest in infrastructure assets, & their reliable cash flows etc.
They estimate a 49% sale of Infraco will attract c.$15b.
(This is an huge increase on TLS current trading multiples of c. 7.9 EV/EBITDA. This $15b estimate is based on the 2021 TLS sale of 49% of its Amplitel towers for $2.8b This sale equalled 28X EV/EBITDA !).
https://www.copyright link/street-talk/bankers-target-big-australians-canadians-for-telstra-infraco-stake-20221011-p5boxi#:~:text=The%20restructure%2C%20part%20of%20former,proceeds%20to%20return%20to%20investors.
Behind AFR paywall- can someone open, & post here please?
TLS SP would have a very strong rise if the sale, for c. $15b, was achieved.
Where to now for long term investors of Telstra, page-12177
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Last
$4.01 |
Change
-0.010(0.25%) |
Mkt cap ! $46.33B | |||
| Open | High | Low | Value | Volume |
| $4.01 | $4.03 | $3.99 | $45.02M | 11.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 55595 | $4.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.61 | 59492 | 3 |
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| Last trade - 15.59pm 18/09/2024 (20 minute delay) ? |
| TLS (ASX) Chart |