I am not suprised that MAQG apparently have rerated CEU to buy as the numbers IMO look like they are expondentially improving month on month.
The area of revenue that is building faster on the road is the dollar take between Monash Fwy and each section down to Frankston Fwy. Just have a look at the growth Month on Month and compare with 12 months earler.
A very positive sign especially that the Penninsula link has not yet been finished.
IMO within two years the tolls per section will be much closer in take.
CEU Price at posting:
40.5¢ Sentiment: LT Buy Disclosure: Held
