Transurban's high-quality core motorways have carved a wide economic moat.
Wide-moat Transurban is raising AUD 4.8 billion in equity to fund its successful bid for a stake in WestConnex in Sydney. We remain comfortable with our AUD 11.50 fair value estimate. The 10 for 57 entitlement offer price of AUD 10.80 represents a 6% discount to our valuation and a 9% discount to the theoretical ex-rights price. We believe the equity raising is decent value and recommend taking up entitlements as long as it is in line with your investment goals. Investors need to be quick if the...Transurban Group is engaged in the development, financing, operation and maintenance of toll road networks as well as management of the associated customer and client relationships. Co. manages and develops urban toll road networks in Australia and the U.S. Co. owns concession assets across four key market segments: Victoria, New South Wales, Queensland and the Greater Washington Area.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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