337927). Advertisement. View ALX's stock price, price target, dividend, earnings, forecast, insider trades, and news at MarketBeat. Atlas Arteria (ALX) Announcements. The company was formerly known as Macquarie Atlas Roads Limited and changed its name to Atlas Arteria … About Atlas Arteria. Transurban's West Gate Tunnel builders worry their voices will not be heard unless $1b of claims for cost blowouts are resolved transparently in arbitration."Guidance regarding the the first half 2020 distribution will also be considered later in 2020."The Spanish-controlled construction group has been trying to sell Thiess for about a year but the sale was delayed by COVID-19.It also said it was suspending guidance for its first half 2020 distribution of 18¢ per share until there was "further clarity" around the impact of policy responses to contain the COVID-19 pandemic.As the US economy endured its sharpest contraction since records began, Apple, Amazon and Facebook saw earnings surge.The company will provide further information on the impact on traffic, including truck traffic, later this week.The Daily Habit of Successful PeopleAtlas Arteria's shares fell 18 per cent, or 93¢, to close at $4.33.Australia's biggest tollroad company, Transurban, has not yet updated investors on how the coronavirus has affected its traffic."Depending on the duration of the lock-downs, stay-at-home and reduced public gathering orders across Europe and the United States, the boards will consider using the funds that would have been distributed to shareholders, to either repay debt facilities or alternatively to pay the the second half distribution at a later time in 2020."We think the share price fall of around 50 per cent since the end of February looks extreme and is factoring in years of deep cuts to traffic volumes (in the order of a permanent reduction in traffic of around 25 per cent)," Mr Nevin said.The drop in Dulles Greenway's traffic, which is currently down 7.4 per cent since the start of January, means Atlas Arteria will not pass either the one-year or three-year lock-up tests on the US roads in December 2020, meaning cash will not be available to pay dividends.Renowned Sydney silk Bret Walker, who commands up to $20,000 a day, is acting for Transurban as it rejects paying out $1 billion in West Gate Tunnel claims.The company said it was implementing a pandemic management plan across its businesses to reduce exposure for employees, manage potential cases of COVID-19 within its businesses and to address operational changes required to maintain business continuity.Tollroad traffic in Europe and the US has been hit "severely" by COVID-19, Atlas Arteria said as the company scrapped its dividend guidance until further notice.The tollroad company, which owns almost a third of the 1880-kilometre French toll road Autoroutes Paris-Rhin-Rhone (APRR), said car traffic had fallen heavily since the French government closed France's boarders in mid-March and told people to stay at home. Who are the major shareholders and have insiders been buying or selling?Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. EU borders have also been closed.Traffic on Atlas Arteria's US Dulles Greenway tollroad near Washington DC, which is used by commuters, has slumped 56 per cent since Virginia's governor on March 17 ordered bars and restaurants to reduce capacity to 10 people or close and told older people to self-isolate, with schools also shutting down.David Neal says workplace value and culture are just as critical for fund managers as investment performance.Four in 10 destinations have loosened restrictions but not fast enough for the airline industry.RBC analyst James Nevin said the ultimate impact on Atlas from COVID-19 would depend on how long travel restrictions remain in place in France and how quickly traffic can recover to pre-virus evels.Atlas Arteria said it was "well positioned" in terms of liquidity and had cash of around $340 million as of March 20.Coronavirus: Need to know.
ALX is focused on ensuring its customers, and the communities in which it operates, are well served by the transport links it provides. ... Our team of analysts provide weekly insights & analysis into undervalued ASX shares to help you build a market beating portfolio. Atlas Arteria said it was "well positioned" in terms of liquidity and had cash of around $340 million as of March 20. UNATTRACTIVE: Atlas Arteria exhibits an implied growth ratio which exceeds the industry average for transportation stocks listed on the ASX. Atlas Arteria (ALX, formerly Macquarie Atlas Roads) is engaged in investing in infrastructure assets in Organisation for Economic Co-operation and Development ( OECD") and OECD equivalent countries; and non-infrastructure assets where ancillary to a major infrastructure investment but with the current focus on toll road investments, both greenfield and mature.
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