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- 24 December 2010
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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.
Getting investment advice from truck drivers is probably a bit like the proverbial taxi driver giving advice, but I've no reason to doubt their observations about the business they are directly employed in. It's apparent from just dealing with them too - they're not in a hurry to drop things off and get going these days like they always used to be.
I really wonder why that is. With the advent of online shopping, you'd think there'd be more goods being transported.
I took it to be a reflection of a downturn in general.I really wonder why that is. With the advent of online shopping, you'd think there'd be more goods being transported.
TOL closing above $6.00
TOL closing above $6.00 gives me a warm fuzzy feeling that the Aussie economic outlook might be improving.
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Perhaps all the parcels I've had delivered by Toll in my post-xmas spending spree have helped push their profits up!
I must say that I'm impressed with the way parcels can be tracked and the notification system that Toll have in place. Received an email on the day of delivery advising the parcel would be delivered that day. Great service. Friendly delivery bloke too. I had a few parcels from Kogan and I think he's a part-time Kogan salesman as well (jk); we spent a while talking about Netflix and Kogan's range of 4K TV's.
TOL in trading halt after takeover bid? $9.04 @ 49% premium over current price!!!!
It is a bit sad another Aussie company goes to O/S buyers.
But on a personal note "you ripper", just bought a big parcel at $6 for the upcoming dividend.
It is a bit sad another Aussie company goes to O/S buyers.
But on a personal note "you ripper", just bought a big parcel at $6 for the upcoming dividend.
Yeah, also another large cap fully franked company soon to be plucked out of the ASX.
But having done the same as yourself, fairly happy chappy.
I need some advice please. I have some CFD TOL. Up 46%. Is this the right time to sell? I got in at $6.20 a couple of weeks ago.
What are some likely scenarios with the take over bid? How should one approach this?
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