Transurban hits the gas
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Start your free 15 day trial now' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Scott Charlton’s steady as she goes strategy is bearing fruit.
Along with an uptick in the economy, his idea of tickling up Transurban’s (TCL) existing assets and extracting more value rather than embarking on grand expansions is behind the strong revenue rise in the September quarter.
Proportional toll revenue jumped 13.6% to $275 million in the September quarter largely as a result of an upgrade to Sydney’s M2 toll road.
Other opportunities exist to advance the high growth, low risk strategy, particularly the proposed link between Transurban’s existing network and the F3 (now known as the M1) free to Sydney’s north along with the duplication of the M5 East tunnel.
While the group has opted not to tender for Melbourne’s east-west link, the new tunnel should deliver more traffic into its CityLink toll road.
In addition to those projects, the company has been mooted as the most likely buyer for Sydney’s Cross City tunnel, which recently was put into receivership for the second time since its construction a decade ago.
Some analysts believe Transurban could consider a purchase of Queensland Motorways owned by QIC, which has a network series of toll roads around Brisbane similar to the company’s Sydney network.
As Transurban’s portfolio currently stands, earnings are expected to grow until 2034 when the CityLink concession ends.
The company’s share price took a battering in the aftermath of Ben Bernanke’s talk of tapering the Quantitative Easing program as rising bond yields sucked cash out of infrastructure stocks.
That was one factor behind a series of upgrades to the stock by major investment banks, many of which argued the selling had been overdone.
The stock rose more than 2% immediately after the announcement this morning but since has settled back to $6.93, up 1.4%.
Call 1300 880 160
Start a chat
Schedule a call
