Transurban Still Battling Away
| |
We didn't get any clarification on the future of toll road operator, Transurban Group from its investor day on Friday.There seems to have been a lot of talk about roadshows, meeting investors overseas, discussing the takeover proposal from the two big Canadian pension funds, and confidence in expansion in Australia, especially Queensland.The shares initially rose, up 5c to & #36;5.10 in morning trading Friday, but they retreated in the afternoon, against the overall trading direction which saw a rebound & #160;in late dealings.The shares ended off 2c at & #36;5.03.The Future Fund revealed last week that it lost interest in any takeover deal for the group.Then the company was queried about the fall in the share price from & #36;5.15 on Tuesday to & #36;4.86 on Wednesday.TCL said it didn't know and pointed to the announcement from the Future Fund.The shares rose solidly on Thursday, back over the & #36;5 level.That seemed to continue in early trading Friday, and then the weakness emerged as it seemed the company was acting as though it will remain independent, despite the two Canadian groups owning 28% of the company.The two funds are the & #160;Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers Pension Plan (OTTP).Transurban (TCL) used the presentation used at the investor day to reveal that it was & #160;interested in road assets to be offered for sale by the Queensland government midway through next year.It would add these roads to its existing big holdings of toll roads here and offshore.The briefing would have had the added benefit for the company of informing its biggest shareholders of what it was doing. That will include the two Canadian funds,Transurban owns toll roads in Australia and the US, including the Hills M2 in NSW, CityLink in Melbourne and the Pocahontas 895 toll road in Virginia. It also has 50% of the huge M7 in Sydney.Transurban said in the & #160;presentation on Friday that it saw Queensland was an attractive market.The Queensland government has announced a sale program for Queensland Motorways Ltd (QML), the assets of which include the Gateway and Logan motorways. & quot;(The Queensland) government asset sales program may be attractive, & quot; Transurban said in the presentation slides. & quot;QML could be of interest if procured to suit a long-term owner and operator. & quot;Transurban said there may also be & quot;secondary & quot; market opportunities.In Queensland, these included the Rivercity Motorway Group and Brisconnections Unit Trusts.In Victoria, they included ConnectEast Group. And in NSW, there was the financially challenged & #160;Lane Cove & #160;and & #160;Cross City Tunnels.Transurban said it was taking part in the receiver's sale process for the Lane Cove Tunnel.It described itself as & quot;the natural owner & quot; of the Lane Cove Tunnel given the tunnel's direct link to its & #160;M2 motorway.The tunnel's operator, Connector Motorways Pty Ltd, was placed in receivership last month with debts of more than & #36;1.1 billion.Transurban also said in the presentation slides on Friday that further negotiated projects had been identified in Sydney and Melbourne, but no approaches had been made.The company also revealed further expansion plans in the US, especially & #160;Virginia, in and around the Washington area.Many of these plans will need a lot fresh capital.Could that be a possible way to a better future with a new trust built around a joint venture with the Canadian funds to bid for and invest in these Queensland and NSW assets if successful? & #160;
|
|
|
Sydney
[ Change ]
Today
 Rain.
Tomorrow
Min: 15° Max: 15° Rain easing.
Account
Login
To access your account and listings
| |
|
|
| |
|
|
| |
|
|
| |
Daniel Kertcher established Platinum Pursuits in 2001 as a vehicle in which to share his knowledge of strategies to use the financial markets to grow wealth, with the aim of achieving financial freedom by making your money work for you.
His argument is that until you become financially literate and develop a method where you're able to get a reasonable return on your capital (i.e. making your money work for you), you will instead be forever working hard for your money.
Daniel Kertcher personally achieved financial freedom at a relatively young age, through his knowledge of property and then financial markets investing. Through using Options and leveraged instruments such as CFDs, Daniel developed a system to trade the markets where he could benefit from the leverage when the trade went in the direction he predicted, and hedged his positions so that there was a limited downside risk.
Some people in the past have criticised Daniel's message of striving for financial freedom in a high-risk environment such as trading derivatives. However, it is not Daniel's or Platinum Pursuits' goal to encourage everyone to trade the financial markets. Every kind of investing contains an element of risk, so this level of education is aimed specifically for those who want an understanding of professional trading techniques and strategies that they hope to apply to their own capital, and it is absolutely true that many people are not yet in a position to invest a chunk of their savings.
To be truly financially literate, it can pay to explore all the options available when you are in a position to try to get ahead in life. Daniel currently presents free introductory seminars nationally on selected dates from February to November. |
| |
| | |
Find Hunter Valley accommodation online
|
