well not really, infra co's are all about cash flow so you cant...

  1. 2,475 Posts.
    lightbulb Created with Sketch. 32
    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.
 
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(20min delay)
Last
$13.57
Change
-0.060(0.44%)
Mkt cap ! $42.18B
Open High Low Value Volume
$13.61 $13.67 $13.49 $69.93M 5.156M

Buyers (Bids)

No. Vol. Price($)
1 2056 $13.56
 

Sellers (Offers)

Price($) Vol. No.
$13.58 1000 1
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Last trade - 16.19pm 22/07/2025 (20 minute delay) ?
TCL (ASX) Chart
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