We note the recent underperformance of the shares of late and believe the current price to be an attractive entry point for investors. BCA has a portfolio of critical infrastructure products and services which positions it well in this market, and has scarcity value in our view. We see BCA as a unique investment opportunity with an undemanding valuation in the context of close peers, with a reliable yield on offer.
24 Oct 2018
Attractive entry point

