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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Transurban Group    TCL   AU000000TCL6

TRANSURBAN GROUP

(TCL)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 01/18
12.79 AUD   -0.39%
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Transurban : Opportunity Pipeline Update

11/09/2020 | 06:35pm EST

asx release

10 November 2020

OPPORTUNITY PIPELINE UPDATE

Macquarie and Skanska1have announced the successful bidder to acquire the Elizabeth River Crossings asset in south-eastern Virginia, USA was not Transurban.

Transurban continues to progress several development projects and new opportunities in the Greater Washington Area. These include the Fredericksburg Extension, the 495 Express Lanes Northern Extension, the Capital Beltway Accord and the Maryland Express Lanes project, for which a request for proposal is expected to be provided to shortlisted bidders before the end of 2020.

Transurban Chief Executive Officer, Scott Charlton, said the company had applied its usual financial discipline to the Elizabeth River Crossings acquisition opportunity.

"Expanding our footprint in North America remains core to Transurban's strategy and we are actively progressing a portfolio of opportunities in the region. In parallel, we continue to pursue co-investment on our existing Greater Washington Area assets which would help accelerate expansion of our North American and Australian businesses."

"Good progress is being made on the opportunity pipeline in Sydney with the NSW Government recently confirming it will sell the remaining 49% stake in WestConnex, and Transurban has detailed work underway as part of its unsolicited proposal for the M7 widening and M7/M12 interchange."

"Meanwhile, performance is exceeding expectations on our newest asset NorthConnex, with strong endorsement from customers and the community. We are getting great feedback on the benefit of the redirection of more than 5,000 trucks and buses travelling daily on Pennant Hills Road and other local streets," he said.

Investor enquiries

Media enquiries

Tess Palmer

Sarah Chapman

Head of Investor Relations

Manager, Media and Communications

+61 458 231 983

+61 400 841 898

This announcement is authorised by Transurban CEO, Scott Charlton.

1Macquarie Midtown Holdings, LLC and Skanska ID ERC Holdings, LLC.

Classification

Transurban Group

Transurban International Limited

ABN 90 121 746 825

Transurban Holdings Limited

ABN 86 098 143 429

Level 31

Transurban Holding Trust

Tower Five, Collins Square

ABN 30 169 362 255

727 Collins Street

ARSN 098 807 419

Docklands

Victoria 3008 Australia

corporate@transurban.com

Telephone +613 8656 8900

www.transurban.com

Facsimile +613 8656 8585

Disclaimer

Transurban Group Ltd. published this content on 10 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2020 23:34:02 UTC


© Publicnow 2020
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Financials
Sales 2021 3 454 M 2 662 M 2 662 M
Net income 2021 -34,3 M -26,4 M -26,4 M
Net Debt 2021 19 878 M 15 320 M 15 320 M
P/E ratio 2021 -1 018x
Yield 2021 3,09%
Capitalization 35 000 M 26 894 M 26 974 M
EV / Sales 2021 15,9x
EV / Sales 2022 14,5x
Nbr of Employees 1 700
Free-Float 93,7%
Chart TRANSURBAN GROUP
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Transurban Group Technical Analysis Chart | TCL | AU000000TCL6 | MarketScreener
Technical analysis trends TRANSURBAN GROUP
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 14,44 AUD
Last Close Price 12,79 AUD
Spread / Highest target 30,8%
Spread / Average Target 12,9%
Spread / Lowest Target -6,18%
EPS Revisions
Managers and Directors
NameTitle
Louis Scott Charlton Chief Executive Officer & Executive Director
Lindsay Philip Maxsted Chairman
Thomas Patrick McKay CFO, General Manager-Treasury & Capital Markets
Simon Moorfield Group Executive-Customer & Technology
Neil Gregory Chatfield Independent Non-Executive Director