"If project doesn't perform can't see any divs as borrowing to pay distribution has been dropped by responsible companies in this environment."
With all their costs fixed, it might have been something else. Maybe it was the responsible derivatives gambling which was $470 million in the red late last year?
As for other things responsible, if the tollway had six times the traffic volume as Sydney's Eastern Distributor, it would raise about $450 million per annum, which would allow it to pay an annual dividend of about fifty cents. At 6 percent interest, the break even revenue is at least three and a half times the traffic volume of the ED.
My question to fellow Hotcopperites is :How in flamin' Hades could even the most shameless ramper think that the Briscon tunnel could equal the volume of the ED, let alone surpass it by multiples?
BCS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held