imo the US tollroads are lemons - these will never make a profit over its entire life.
certainly the short sellers are targeting mig(also listed property trust, banks) after TCL's demise as MIG's div is too high - should be closer to 12c pa. This effectively means that MIG's SP should be about $1.20. The downside is too wide making it attractive for short selling.
to boost its sp, Mig has to offload the US tollroads to one of the mqg satellite funds.
fortunately I don't have too many of this poodle. Should have sold all when I offloaded TCL.
MIG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
