i was looking at the traffic forecasts in the PDS last night and...

i was looking at the traffic forecasts in the PDS last night and i have calculated that CEU will make free cash flows of around $0.13 per share once the traffic forecasts are met.

i recon that with all the development occuring along the road that the forecasts for the trucks etc would have to be understated. if this is the case then its gona probably make free cash flows greater than the $0.13 per share.

this stock is clearly on of the best value infrastructure assets on the market. i wonder how long it will stay listed?

most brokers have a target price of around $2 on this stock. imagine when the debt comes up for refinancing in 4 years time if rates are lower, ie like in the US. this thing will be even more undervalued if they can refinance it at even lower rates in 4 yrs.

i still think the long term value of this stock is in all the future PPP's that CEU will bid on. this stock will become the next TCL if it doesnt get taken over before then.

this stock provides great income and excellent capital growth prospects.