whats going on , page-3

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.