well not really, infra co's are all about cash flow so you cant value them on a P/E basis because they will never have huge earnings growth.
you need to value them on a discounted cash flow.
Lynch has effectively made TCL a $4-$5 stock for the forseable future, the only way it can grow is via acquisition and to fund this it must either raise capital or debt.
TCL will never be a growth stock, the only way it could do that is acquire and given the new distain for debt and now low share price i cant see it happening.
as for CEU, i hold CEU stock and i would not take TCL script in a takeover, its cash or nothing. anyway TCL would have to offer $2 to get Leightons holding anyway.
lynch thinks this is his new bhp, page-2
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Last
$12.88 |
Change
0.080(0.63%) |
Mkt cap ! $39.97B | |||
| Open | High | Low | Value | Volume |
| $12.80 | $12.88 | $12.76 | $49.01M | 3.815M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $12.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.88 | 33508 | 3 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| TCL (ASX) Chart |