Email Update

By Intelligent Investor · 9 Jun 2000

By Intelligent Investor ·
9 Jun 2000

Recommendation

Intoll Group - ITO

Current price

$1.51 at 16:10 (30 November 2010)

Price at review

$1.45 at (09 June 2000)

All Prices are in AUD ($)

Part of Macquarie Infrastructure's portfolio of toll road projects is 50% of Midland Expressway, a British company which wants to build the Birmingham Northern Relief Road, the first toll road in the UK in centuries. That project has been issued with a clearance to proceed by the British government, allowing for the compulsory acquisition of properties along the route. Anyone who's ever been to Birmingham will know that it takes ages to drive into the city due to traffic snarls along the motorways. That's likely to mean that MIG will see its earnings supplemented by Birmingham bound drivers in the not too distant future. The stock remains an ACCUMULATE, as we said in our issue 57 brief (Accumulate - $1.25).

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

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