Nick Gordon is accompanied by Senior Industrial analyst Tony Wilson discussing Australian Infrastructure Fund (AIX). Tony has a positive recommendation on the company and a valuation of $2.31 - 15% above the current share price. The combination of operating leverage and development potential at the monopoly Australian airport facilities, in particular Perth and Melbourne, offer long term earnings and valuation upside. In the shorter term, rationalisation of noncore assets and internalisation of the management structure could be the catalyst for share price appreciation and the possibility of special distributions.
