Re: What is freightcorp worth?

["avachat" <avachat@dingoblue.net.au>]

Maurie Daly <mauried@tpg.com.au> wrote in message
39e3ded7.15719465@can-news.tpg.com.au">news:39e3ded7.15719465@can-news.tpg.com.au...
> Seems that the NSW Govt thinks that Freightcorp is worth $1B.
> This is a bit less than the $7B that the WA opposition thinks that
> Westrail is worth.
>
> Seriously,just where do the pollies get these numbers from??
> If Freightcorp is worth $1B , it should be making annual profits of at
> least $100 M , preferably closer to the $200 M mark.
> AFAIK , last year Freightcorp only made around $40 M , which included
> NSW Govt CSO subsidies.
> Even with $40 M , this represents only a 4% return on capital, which
> is pretty lousy.
>
>
> If Freightcorp is worth $1B than what is NRC worth ???
>
> MD
>

It has been quoted at $AU500. mil.
A company such as NR or FC are only worth what the market is prepared to pay
for them.
The NSW GOV is pressuring the Feds ( Fahey ) to agree to a joint sale i.e.
FC and NR as a package deal.
Even Fahey would realise the potential for a higher sale price for NR this
way than selling
NR alone. This would also realise a close to $AU1. Bil sale receipt for FC
as one will complement the other.