@thunderhead1,
My thoughts on this deal are no different to the thoughts expressed by you and others.
I think it fails the pub test.
When you pay 26x EV/EBITDA, even if you then avail yourself of thin capitalisation rules to minimise your tax obligations, you are still factoring in significant growth in order to recoup your capital, plus a satisfactory premium for your troubles, over 24-years.
This feels to me a bit like a "trust-us" kind of acquisition.
Or one that works because of some deft, fleet-footed financial engineering.
A bit out-of-character for TCL management, I feel, compared to the other major acquisitions of assets and other companies, which it has undertaken in the past.
Ann: Transurban Investor Presentation, page-6
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Last
$13.44 |
Change
0.070(0.52%) |
Mkt cap ! $41.71B | |||
| Open | High | Low | Value | Volume |
| $13.49 | $13.50 | $13.42 | $77.16M | 5.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35645 | $13.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.44 | 544 | 1 |
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