Toll, an Australian transport and logistics company, said it would distribute 98.3 per cent of its stake to shareholders. It will give shareholders one Virgin Blue share for each Toll share.
You get 1 VBA share for each share you have in TOL. Im not sure yet, but I think im gonna keep em, I think because the SP is pretty reflective of the value in the company and also because it will add to the diversification of my portfolio.
lol could be, but then again earlier in the day a few single order million share trades went through, so who knows...but yes it is putting a 'cap' on things
Yeah i read that too blogs i think it was on shares..I think read somewhere (mighthave even been here?) that for ever $1 dollar the oil price goes down VBA's profit increases by around $23million? I'll have a squiz...
So where to tomorrow? Im liking it-the 60 barrier is gradually being removed. BTW a fair few chomps went through at 60 today mate-check the course of sales
the volume position of the majority of trading has stepped up a notch bloggs like you said, but im determined to wait for the downward trend back to low 50s this week.
i think the current ask price would be a solid buy to be honest but all it takes is a bearish rise is oil price and that is counterproductive to getting past the 60 barrier.
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