The Canada Pension Plan Investment Board has made an indicative, non-binding and conditional proposal to acquire the entire issued capital of Intoll for a current equivalent of AUD$1.535 per Intoll stapled security via Schemes of Arrangement.
RARE Infrastructure director Richard Elmslie comments on the Intoll takeover bid in this Lateline news item:
Lateline interview: video & transcript [...]
Author Archives: anninkaberry@yahoo.co.uk
Richard Elmslie comments on Intoll takeover bid
The Potential Impact of Rising Interest Rates on Global Listed Infrastructure Companies
There is a common perception that infrastructure assets have a negative correlation to interest rates, ie, when interest rates rise, infrastructure company valuations fall. The main arguments for this view are as follows:
Infrastructure companies tend to use more debt than other companies, hence higher interest rates raises interest costs and decreases earnings
Infrastructure companies such [...]
Infrastructure Evolution
Caroline Munro, Financial Planning
In the 2009 Budget and as part of its Nation Building Program, the Australian government pledged $22 billion towards infrastructure. Infrastructure investments across the world are benefiting from similar action by governments that are waging an economic war against the global financial crisis.
For retail investors, the run-on benefits from new and exciting projects, [...]
RARE Infrastructure Market Commentary: July 2009
In the May factsheet we mentioned “pigs can fly”, and in July they visited the RARE offices with our Head of Retail Distribution, Matt Dell, contracting swine flu. Despite swine flu increasing around the world, it did little to dampen global markets. The S&P 500 had its best 5 month streak since 1938. Developed world [...]
Why infrastructure is such a big theme
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Comparison of Australian and Global Infrastructure
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Global Infrastructure market outlook as at 30 April 2009
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