jbahs - where's the facts to support that completely negative view?
no upside? there are 3 or possibly 4 bidders for the business.
they have 'one of a kind' assets.
IMO this looks more likely that there could develop a bidding war once announced - especially if the Arabs are reportedly interested.
this is a very rare chance to buy premium access to Australian infrastructure at a 'bargain' price - considering $4 was knocked back last year.
everyone knows its valuable - just depends on how much they are willing to pay. these bidders know they are getting a bargain thanks to the current economy.
so how can there be 'no upside'?
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