first day of toll, page-17

i wouldn't be trading this one. this is a buy and don't look for 6 or 12 months. its funny it took me about 6 months to get my average down to about 17c and then i watched it go up to 32c in about a month and i was sitting on a healthy profit of about $50K. now within about 3 months its dropped about 60% since it's recent highs.

traffic volumes haven't surprised me and im not overly concerned. this is an important part of road infrastructure for brisbane and i can't see it failing in the long term. any deficiency on interest payments can be meet through available limit on debt facility which i believe is about $600M. you have to remember queenslanders are a bit slow on the uptake and it may take a little while for no's to get to target. where i live on the Sunshine Coast half the population still walks barefooted in the middle of a hot bitumen road rather than use these new fandangled things called footpaths.