The bookbuild for the TCL rights renounced (retail) will be done today. Only instos are allowed into this process. This seems unfair as it is retail rights that are in question.It is a fact of life that instos always gets the choicier parts. Be that as it may TCl is a wonderful investment especially for SMSFs. It offers a relatively long assured cashflow. It is a price MAKER in the sense that the tolls rise with CPI. So in a sense it is a floating rate bond. Many of the stocks on the ASX are PRICE TAKErs, eg resource stocks with the price of commodities out of contro;l of the stocks. There is a very large investment moat around TCL. The barriers to entry are insuperable. And this is why TCL paid high for QML to keep ALBERTIS out. It looks as though the western world is well and truly wedded to the car and truck. Business are becoming conscious of the money value of time on the road, so even higher fuel prices become another reason to take the toll road. Many 'experts ' on YMYC display a total misunderstanding of TCL coupling it with likes of Brisconnections, LCT, CCT etc. TCL has been in operation since 1994? and has handled high inteerest rates years.
TCL Price at posting:
$7.35 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)