ALX - Atlas Arteria

[finicky]

neckline $9.

Meant neckline of double top I'm seeing as $5.
I should double check before posting.

does MQG still hold a stake ?

Doesn't look like it, or at least not substantial, going by the CommSec summary.
The biggest holder is an entity that is owned by super funds, IFM Investors, which in turn controls Diamond Infraco1. It has 24-5% of ALX.
No franking credits - I guess because their tolls are in Chicago and France.
No interest on other forums in this stock.

 

[divs4ever]

if i was going for a new infrastructure stock in the portfolio i would probably veer towards APA ( i don't hold ) first

getting good value in this sector ( considering potential risks ) is rather difficult i had a nervous but ultimately profitable ride on Ethane Pipeline , but i never found an attractive replacement for it ( after the take-over )

 

[Jan81]

I would agree APA is maybe preferable for a really long term investment (ALX presents more risks with the new French tax just passed by law, and significant end of concessions in 8-9years that might weight on capitalisation as we get closer to the date). The 2 stocks have logically gone down with the rate hikes and should also logically increase as rates move the other way, but they offer no franking. In my view both are better than government bonds, and still to early to get back into listed property funds or commercial mortgage backed stocks.