The opening of Eastlink is just one element of the sp. The 3...

The opening of Eastlink is just one element of the sp. The 3 main elements to the sp are (and in no particular order):
1. Opening date (ie. when income starts).
2. Traffic volumes.
3. Takeover,buyouts etc.

Starting with the opening date - I think the market is looking for about April open with tolling to begin around June. This is 6 months earlier than in the prospectus. ie 6 months more of revenues not in the prospectus. sp will move higher closer to the open.

Traffic volumes - this is really the key to the story. Will Eastlink meet or beat the traffic volumes of the prospectus and targets set by the market. If so, up goes the sp. If it fails to meet traffic volume targets, sp will take a hit.

As for takeovers, long believed Transurban will buy out CEU. But Transurban seems to be in no rush and why should they? Let Eastlink get up and running, making sure the tolling technology works and that traffic volumes are healthy. Was always a bit of a pipe-dream to expect to buy out CEU during its construction phase.

My thoughts on Eastlink for all to ponder and pick apart :)