AIO 0.00% $9.13 asciano limited

bought in

  1. 343 Posts.
    I have finally taken the decision to buy into AIO. Avg price of 1.76 so probably 8% more than I would have liked to pay but things seem to be going well.

    I have previously posted the reasons why I like Asciano and more generally Australian infrastructure. What finally convinced me to buy in was a conversation with a wealthy European Industrialist about assets. I mentioned to him that following the GFC people are not paying for or buying assets and rather look for EBITDA and cash flow. His response - "smart investors are buying assets now that they are cheap. The world needs assets and in time will appreciate them again."

    I am in for the long term here and am looking for AIO to grow as Australian trade with an industrialising Asia grows. For me this is not limited to China and see in time that this will spead to Indonesia, Philippines, Vietnam.

    BR
    Max
 
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