Transurban is under Algo Engine sell conditions. We see value in the $12.50 to $13.50 price range.
If we assume the dividend is cut from $0.55 to $0.40 in FY21 it implies a 2.8% forward yield. Further normalization is likely from FY22 and we’re therefore happy to buy TCL on the “dip.
You're not a member! Trial today
