RCY 0.00% 0.7¢ rivercity motorway group

Re today weakness .?? I sus a player ( probably young fund...

  1. 1,821 Posts.
    Re today weakness .?? I sus a player ( probably young fund manager punter- call themseleves prop traders) was buying in hoping ( betting) that the market would rise on the tunnel opening with the euphoria etc and they he/she/ could make a quick turn - when there was absolutely no reaction ( all priced in) ..they sold agressively to get out the volume..20c heavy trade after close too...


    under 20c looks very good value for the paient in a very good infrastucture - piece really appropriate for the pension fund manager ( Canada PF interested ??/how about the Future Fund ?? someone like that ....as with Tansurban, some Fund or joint fund / consortium will bid...eventually.... as the value settles down against traffic flows that can be relied upon ( look how long it took Connect East to settle down to a now rising much higher level - but Lane Cove was quickly out of it, while the Xcity Tunnel never got it up) . So they will bid for this asset ..but they will wait too long and end up overpaying as usual ,particulalry so if they wait until the next project tunnel is complete ..the value addfrom that will clearly ( drovers dog ) push up RCY returns , so I muse and recommend to myself to hold on , patiently wait and accumulate under 20c .) Any thoughts guys / gals?
 
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