Yes, if the NSW Government rips up their contracts, TCL will fall even further and may breach bank covenants, would a capital raising then be taken up?
Who would underwrite such a CR?
They may not raise much capital and would have horrendous problems.
NSW will own all its roads again.
NSW state govt toll review, page-132
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Last
$12.40 |
Change
0.080(0.65%) |
Mkt cap ! $38.37B | |||
| Open | High | Low | Value | Volume |
| $12.42 | $12.50 | $12.38 | $50.46M | 4.066M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38796 | $12.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.41 | 318 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TCL (ASX) Chart |