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.
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The S&P/ASX 200 (ASX: XJO) index is expected to open slightly higher, with Woolworths Ltd (ASX:WOW) and Uber Technologies (NASDAQ:UBER) stock in focus.
The S&P/ASX 200 (INDEXASX:XJO) is tipped to rise again at the open on Friday as US markets continued to creep higher overnight. Transurban (ASX:TCL) shares are in the news.
ASX blue chips have attracted investors for decades. But are they even worth investing in these days?
The S&P/ASX 200 (INDXASX:XJO) is expected to open higher this morning. Commonwealth Bank (ASX:CBA), SEEK (ASX:SEK) and Transurban Group (ASX:TCL) are in the news.
Transurban Group (ASX: TCL) has just released its full-year FY20 results, with toll road traffic and revenues declining (as expected) due to COVID-19.