TCL 1.80% $13.00 transurban group

Ann: I-66 Procurement Preferred Tenderer Announced, page-3

  1. 1,375 Posts.
    lightbulb Created with Sketch. 3
    Before condemning a CEO for not getting a contract, it is important to understand what the winning consortium "paid" to get the nod.  Here is the link to the Washington Post article on the deal.

    https://www.washingtonpost.com/news...ia-picks-new-partner-to-build-i-66-hot-lanes/

    Essentially, Ferrovial et al won by offering more to Virginia, including a USD $500 million cheque! ("...the most striking difference in the bids was on the financial side.") Not sure if or in what way Ferrovial was superior technically, but good to monitor that important dimension. Time will tell whether Ferrovial was wise in paying that price for the deal.
 
watchlist Created with Sketch. Add TCL (ASX) to my watchlist
(20min delay)
Last
$13.00
Change
0.230(1.80%)
Mkt cap ! $40.18B
Open High Low Value Volume
$12.82 $13.02 $12.77 $20.80M 1.610M

Buyers (Bids)

No. Vol. Price($)
42 22332 $12.99
 

Sellers (Offers)

Price($) Vol. No.
$13.00 12673 35
View Market Depth
Last trade - 13.48pm 31/07/2024 (20 minute delay) ?
TCL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.