PIH 0.00% $4.90 prime infrastructure group.

top ten hits for 2010

  1. 438 Posts.
    http://www.theage.com.au/news/business/money/investment/top-10-tips-for-2010/2010/01/17/1263663016276.html?page=2

    Top 10 tips for 2010
    David Potts
    January 17, 2010

    "4.Prime Infrastructure

    The remnants of the old Babcock & Brown Infrastructure, Prime Infrastructure wasn't the place to be before its capital reconstruction on November 20, which in effect was a 1 for 15,000 share swap, leaving most shareholders with next to nothing.

    It won the wooden spoon in 2009 as the worst stock in the ASX200, plunging 99 per cent. But let bygones be bygones. It's a different story for newcomers.
    "It has very good assets and is reasonably well capitalised. I'd expect very good distributions for a long time," says Steve Johnson of Intelligent Investor.

    It's also backed by the Rivkin Report, which says the market's negativity over a nasty stamp duty bill worth 20 cents a share could be "a catalyst to jump on board" below $3.85.

    Prime Infrastructure owns the world's biggest coal export terminal at Dalrymple Bay, runs WestNet rail infrastructure in the south-west of Western Australia and has a portfolio of ports in Europe and China.

    It is also a big energy player, holding just over one-quarter of National Gas Pipeline Company of America, one of the largest natural gas suppliers in the US; 42 per cent of Powerco, the second-biggest gas and electricity distributor in New Zealand; a portfolio of natural gas and electricity distributors in Britain; and it owns outright Tas Gas, the only natural gas distributor in Tasmania."


 
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