Ports are a growth business on a global scale. For Dubai it would be a strategic investment for the long-term.
More Quotes from Stuart Fraser:
We're ending the year on a pretty good note. The general news background has been quite positive.Stuart Fraser
The background has been encouraging so I don't think it's just a Christmas rally to expire completely in January. We've seen good confidence numbers from the U.S. and Germany, stronger growth, inflation well contained. The oil price is admittedly sticking a bit around 60 but it isn't going up anymore.
Stuart Fraser
It only just entered China, and there's plenty to do there, so there's concern the management may get stretched.
Stuart Fraser
We have seen quite a few people walk away from deals after the management rejects it. Interest rates are going up. Debt financing is costing more, so that's going to put a bit of pressure on what people can bid for.
Stuart Fraser
The U.S. has been a graveyard for U.K. retailers, so investors are a little cautious. It could be that it wants to a get a flavor for the market through a small operation and then make a massive acquisition to get instant size.
Stuart Fraser
Size and leverage and balance sheets will overcome the protectionism.
Stuart Fraser
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