TOL

Toll Holdings (TOL), a company that offers various types of services including full load express and economy freight forwarding service was the worst performer of the ASX100 list for the 7th week of 2010. The company had a market capitalisation of $4755.6 million and lost 18.1 percent or $1.51 to its stock price and was closed for the week at $6.80.

Toll Holdings (TOL) have posted a 32 percent fall in their net profit to $107 million for the first half of the Australian financial year. Toll Holding stocks had a fall of $1.55, bringing the stock price to its 6 month low yesterday. The transport and logistics company blamed a 6 percent fall in revenue on the consequences of the GFC (global financial crisis).

Toll Holdings, the largest shareholder in Australia's second largest Airline, Virgin Blue Holdings plans to scrape its majority stakes in the airlines. Virgin Airlines is also Australia's biggest freight carrier owned by Virgin Group. Toll shall offload its holdings via a special dividend scheme according to which Toll shareholders shall get one share of Virgin Blue for every Toll share they own.

Toll Holdings (TOL) was the overall worst performing stock taking in a 18.46 percent decrease. Among the worst performing stocks for the week 16 of 2008 of the Australian sharemarket were a mixture of logistics services, support services, retail shopping, and gold mining: Toll Holdings (TOL), Brambles (BXB), Centro Properties (CNP), Sino Gold (SGX). These worst performing stocks for the week 16 of 2008 recorded losses above 8.69 percent by the end of the trading week.

Energy Resources of Australia (ERA) was the overall best performing stock taking in a 13.9 percent increase of its share price. Among the best performing companies for the past week (week 3 of 2008) on the Australian sharemarket were a mixture of engineering, energy, industrial, mining and transportation: Sims Group (SGM), Energy Resources of Australia (ERA), Futuris Corp (FCL), Downer EDI (DOW), Toll Holdings (TOL). All the above best performing stocks for week 3 stocks managed more than 6 percent and less than 11 percent gain at the end of the trading week.