this is an income play stock, not a growth stock.
rising yields and imo sluggish operational performance in last quarter, the US tollroads are duds - not expected to be cash flow positive for at least 10 yrs and no US acquisitions in the near future: Politics is playing a major role against the privatisation of tollroads. Hence growth is limited.
Dividend is mostly financed from borrowings.
I have disinvested 50% of my holdings in the last month , and switched to more growth stocks viz QBE, BNB. MIG faces similar issues,but holds a lot of cash.
this is an income play stock, not a growth stock.rising yields...
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Last
$13.57 |
Change
0.270(2.03%) |
Mkt cap ! $42.18B | |||
| Open | High | Low | Value | Volume |
| $13.33 | $13.57 | $13.28 | $121.4M | 9.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 370 | $13.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.60 | 81677 | 5 |
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| Last trade - 16.10pm 17/07/2025 (20 minute delay) ? |
| TCL (ASX) Chart |