It's possible that the market is slowly coming to the view that TOL has been oversold these last few months. At least, that's my view and I'll be looking to get set if the upturn is confirmed.
TOL up 6.3% today on no news. Very much doubt the reserve banks decision to hold interest rates has anything to do with it. Checked other transport stocks; some up some down. Anybody got any theories?
The Toll Group has ended a joint venture in Italy in metals logistics by selling its share, and announced two new acquisitions in Europe to drive its global forwarding ambitions further.
The Toll Group will acquire WT Sea Air Group (WT) and Genesis Forwarding Group (Genesis) to become one of the top UK forwarders. The Toll Group generates revenue in excess of A$6.5 billion and employs over 35,000 people in 55 countries.
Very quiet on TOL's page. Has hit sub $5, and is a very strong company in the scheme of things. Yes its a falling knife at the moment, but the price is beginning to get real tempting. Not sure what is going on behind the scenes though...
Hi Guys,
I need some pointers in regard to working out the cost base on my tol shares.
I originally purchased shares in Patrick Corp years ago and in March 2009 PRK was taken over by TOL. I have re-read the announcements and it seems that I received 0.4 TOL shares as part of the T/O.
At the time TOL shares were trading at $14.05. Do I use this as my purchase price?
The only reason why I need to know is that I received AIO shares from TOL which I sold and need to calculate the cap loss.
Toll looks really cheap...the SP has been smashed lately with the 4 year chart looking rather depressing, the SP is in a 30 month decline with the current SP actually below the GFC low and in fact according to big charts, at an 11 year low.
And yet the last profit down grade wasn't that big a deal...perhaps the market is anticipating another one, i would imagine so, perhaps its Tolls exposure to retailing that's the issue. :dunno: Global growth :dunno: perhaps we will see a bounce off the bottom trend line. :dunno: anyway i have placed an order with my super fund.
~
Toll looks really cheap...the SP has been smashed lately with the 4 year chart looking rather depressing, the SP is in a 30 month decline with the current SP actually below the GFC low and in fact according to big charts, at an 11 year low.
And yet the last profit down grade wasn't that big a deal...perhaps the market is anticipating another one, i would imagine so, perhaps its Tolls exposure to retailing that's the issue. :dunno: Global growth :dunno: perhaps we will see a bounce off the bottom trend line. :dunno: anyway i have placed an order with my super fund.
~
I agree the sp looks cheap and beaten up however there is no competitive advantage here and switching costs for customers are low. This industry is a bit like airlines if I can save $1 with your competitor you had better match it or I will walk, also requires major capital investment.
Heard on the grape vine they had the worst day profit/loss experienced in the past 16 years last week.
Anyone confirm the rumor?
On two occasions recently I've had truck drivers (employees of large freight companies) tell me pretty much the same thing. Freight yards are "empty" and there isn't much being transported apart from Coles / Woolworths and specific bulk commodities.Ok to clarify.
Not talking about share price.
I am talking about how much revenue they generated in one day, which was the lowest in a number of years last week...
It means the wheels are falling off the transport industry at the moment, they are all suffering. Which means retail will be suffering..
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