l think the main issue is risk; RCY highest, CEU lesser and TCL considered safest.
looking at Hills, it is very likely that CEU and RCY will be bought up once they are established but the sp can of course fall if difficulties are encountered, but l say that even if the sp falls it is best to hold for a t/o in the future.
the main concern is that the love affair with the motor car is simply not sustainable in the long term, but so far the trend continues positively.
consider that if the AUD were still at 50 cents then petrol would be $2.80 / litre now.
consider that if the Chinese all want to have cars the oil price must skyrocket.
in other words toll road stocks are on a positive trend which has been going for many years. one day the trend will reverse. diversification is the only answer because their is no way of predicting the trends.
l hold TCL, CEU and RCY and consider CEU the best bet at present but RCY certainly looks cheap, but l hedge my bets because l know l am not smarter than the market.
TCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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