Transurban tcl toll roads

[Joshuatree]

This is a broker favourite, high debt high cashflow ( bit like sydney airport)with inflation built in to the tolls.TCL are doing a $4billion raise atm and we have been reccoed buying in while the s/p is down (ex rights price theoretically $11.85 current s/p $11.30 ,D/Y re 5%no franking credits (its stapled), guidance for 2019 A 59c. Yield less for a few years until West connex gets more vol of traffic. Anyone holding this?

[percy]

The trust I help out on holds, and is taking up its rights.
Never thought of buying for my own portfolio.

[peat]

yeh I've seen and heard about this one, seems like a valid portfolio option though historical PE is high so guidance will need to be met for its price to be acceptable.

[Joshuatree]

Cheers guys. S/P still dropping, $11.25 atm. West Connex has three stages , first nearly completed, 2nd re 60% and the third not finished until 2026.
Offer is for 10 for every 57 shares @$10.80
Rights trading ended on the 11th.
Retail offer closes 18th sep
Retail shortfall book build 20th sep