WTF just happened to this stock?

[YOUNG_TRADER]

Not sure if this new thread will be ok, but its a thread for respectable stoks that get smashed more than 10% in a day, ie BHP etc, or Specie stocks that drop more than 25% in a day, also no posting when theres a correction.


To kick things off, WTF happened to TOL? Down 45% ????

 

[Sean K]

Not sure if this new thread will be ok, but its a thread for respectable stoks that get smashed more than 10% in a day, ie BHP etc, or Specie stocks that drop more than 25% in a day, also no posting when theres a correction.


To kick things off, WTF happened to TOL? Down 45% ????

LOL Restructure. You know - that funny named transport, or infrastructure bit of the Toll/Patrick merger plan. Ascensio or some rubbish.

 

[doctorj]

kennas is on the money.

 

[The Mint Man]

this may have something to do with it.

1 June 2007

Court approves Toll Restructure​

The Supreme Court of Victoria today approved the schemes of arrangement for the Restructure of Toll Holdings Limited.
The schemes will become effective on Tuesday 5 June.
Toll Holdings ordinary shares and Asciano stapled securities will trade separately on ASX on and from Wednesday 6 June.
Toll Holdings ordinary shares will trade ex-entitlement on and from Wednesday 6 June.
Asciano stapled securities will initially trade on a deferred settlement basis.
Normal trading in Asciano stapled securities is expected to commence on Wednesday 20 June.
Toll’s Managing Director, Mr Paul Little said “We can now quickly move to implement the Restructure and deliver the underlying value to our shareholders”.
End.

 

[constable]

WTF ...why the freefall!

 

[meoden1005]

Not sure if this new thread will be ok, but its a thread for respectable stoks that get smashed more than 10% in a day, ie BHP etc, or Specie stocks that drop more than 25% in a day, also no posting when theres a correction.


To kick things off, WTF happened to TOL? Down 45% ????

I didnt pay attention to this stock but I might be something like Boral and Origin ^^. Yeah, I cant also tell u if u should buy toll rite now or not (no research on this one in my portfoilio) @@

 

[Mousie]

WTF ...why the freefall!

LOL good one constable...this one's safe to tell the kids eh?

Mods thinking of adding this to the commonly-used abbreviations list?

 

[insider]

This one is gonna be on the news

 

[Julia]

The demerger has produced Asciano, AIO. First day of trading today.
Opened at $10.35, now $10.72.

 

[PhoenixXx]

I'm holding this share although not in substantial amount.
My question is. what's gonna happen to my shares with this restructuring?
Thx

 

[Buffettology]

They split into AIO and TOL. You will receive 1 AIO share for every TOL share. Since AIO is worth $10.68 a share at the moment, and TOL has fallen $10.47, you have made 21cents per share today, so far Not bad.


TOL now = asset/capital ‘lite’ logistics company that also holds the 63% stake in Virgin Blue

AIO = asset-heavy company that will own the existing Pacific National rail and Patrick port assets

 

[PhoenixXx]

Thx for the info

 

[Fool]

AAX down ~10% to $7.80 on no announcement.

Anyone got any reason for this?

 

[Sir Burr]

They split into AIO and TOL.

Thanks Buffettology, do you know if/when AIO will turn up on our brokers portfolios?

...be interesting system trading to manage the trailing stop on this one. Maybe combine the prices and follow until it breaks the stop and sell both!

 

[AndyMc]

If you were holding shares then you made a gain..

What if you were holding a CFD on TOL? Would you have just wiped yourself out?

 

[Damuzzdu]

If you were holding shares then you made a gain..

What if you were holding a CFD on TOL? Would you have just wiped yourself out?

No, because you get 1 x AIO share for each TOL share you hold.

so if you had 100 TOL CFD's last night, now you hold :

100 x AIO CFD's
100 x TOL CFD's


For those interested you could have traded your AIO shares today by speaking to yr broker, but AIO shares should appear on Chess holdings o/nite.

Cheers
Muzz

 

[YOUNG_TRADER]

If you were holding shares then you made a gain..

What if you were holding a CFD on TOL? Would you have just wiped yourself out?

I actually was thinking imagine if you shorted this bad boy yesterday!

But per Damuzzdu's comments you would have actually made a loss as you would also have shorted AIO,

No, because you get 1 x AIO share for each TOL share you hold.

so if you had 100 TOL CFD's last night, now you hold :

100 x AIO CFD's
100 x TOL CFD's


For those interested you could have traded your AIO shares today by speaking to yr broker, but AIO shares should appear on Chess holdings o/nite.

Cheers
Muzz

 

[Pommiegranite]

Not sure if this new thread will be ok, but its a thread for respectable stoks that get smashed more than 10% in a day, ie BHP etc, or Specie stocks that drop more than 25% in a day, also no posting when theres a correction.


To kick things off, WTF happened to TOL? Down 45% ????

WTF seems pretty good to me :

http://www.asx.com.au/asx/research/...de=WTF&TimeFrame=D6&compare=index&indices=XJO

 

[shinobi346]

The drop got me too and disrupted my trading for a while while I worked out what just happened. I must have missed this in their annoucenments and the news.

 

[Jaybee]

I haven't been involved with a share split before. How should it be treated for capital gains tax purposes? Is the Asciano purchase price $0.00? If I had sold both Toll & Asciano at today's close after buying one week ago, then I assume I would have made a heavy loss on Toll and a large profit on Asciano. Any clarification is greatly appreciated.