Transurban Group (ASX:TCL) owns and operates 15 toll roads in Melbourne, Sydney, and the greater Washington area. Revenue growth is derived from traffic growth and their very own rivers of gold – inflation protected toll prices. CityLink in Melbourne is Transurban’s biggest asset, in 2018 this accounted for approximately 32% of their total toll revenue – working out to be about twice the size of the roads in Brisbane.
The Transurban Group (ASX:TCL) share price is suffering today. It’s down 4% after reporting its FY22 result.
The S&P/ASX 200 (ASX: XJO) is expected to edge higher this morning as the market resumes trading following the Easter break.
It was another strong day for the S&P/ASX 200 (INDEXASX:XJO) as Transurban (ASX:TCL) and Electro Optic (ASX:EOS) shares made headlines.
The ASX 200 has fallen 5.5% in 2022 as inflation fears spook investors. Here are three shares to buttress your portfolio prices rises.
ASX shares have been out with big earnings reports today and some even bigger dividends. Here are 11 that caught my eye.
The Transurban Group (ASX: TCL) share price has gone nowhere so far today despite the company announcing its first HY22 results.
Transurban Group (ASX: TCL) has reached an agreement today to contribute an extra $2.0 billion to complete the West Gate Tunnel project.
The S&P/ASX 200 (INDEXASX:XJO) capped a volatile week with a positive finish as the Crown (ASX:CWN) share price rallied on a new takeover bid.
With Melbourne celebrating freedom day, I expect the following 3 ASX shares to directly benefit from the city’s reopening.
