Toll Holdings (TOL) Share Trading Update

Submitted by Craig Strzelecki on 22 February, 2007 - 23:44

Toll Holdings (TOL) have a restricted target from UBS. However they have commented on the latest news to come from the company: Toll's reported net profit of A$215m became normalised net profit of A$273m (1H EPS up 32 percent), which was in line with the analysts' forecast. EBITA was 4% better, partly due to Virgin's better result, but higher interest and tax offset this difference. On a like for like basis, revenue was up 10.5% and EBITA grew by 32%. Following their recent material upgrades after Virgin Blue's result, we are lifting our Toll forecasts by 1% in FY07 and 5% in FY08. With the stock clearly trading on a demerger scenario, the ACCC's decision on Toll's demerger and the scheme booklet will be the key short-term share price drivers. Toll is currently proceeding with a proposed demerger of its infrastructure related businesses.

Toll Holdings Limited is listed on the Australian Stock Exchange (ASX) under stock code TOL. You can view their investor website here. TOL was listed on the ASX on 12 October, 1993. Toll Holdings is involved in local freight distribution; Interstate freight forwarding by road, rail and sea; Container packing and unpacking; Warehousing, storage and distribution; Stevedoring; Ports services; Shipping; Rail services. John Moule is the Chairman of Toll and Paul Little the CEO. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. You can use Instalment Warrants to trade . Check your charts and good luck with your share trading!