Toll Holdings
Stock Code
Stock Exchange
Toll Holdings Limited (TOL) is a logistics company engaged in providing full load road and rail freight forwarding service, full load express and economy freight forwarding service, container handling and storage, specialized international forwarding services, temperature-controlled transport service, wharf cartage, distribution and warehousing of bulk dry and refrigerated goods, removals and relocation brokerage service, time sensitive parcel freight distribution services, bulk liquid transportation, rail and air passenger operations, ports management and stevedoring services, vehicle transpo
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.
Here is an update on the different sectors of Australian market from market analyst Macquarie Research Equities.
Record Oil - The Impact of Black Gold
Toll Holdings (TOL) has a $8.00 share price target from Australian stock analyst Macquarie Research Equities.
Toll Holdings Ltd (TOL): No Parachute Required
VBA look no strings — VBA Management has confirmed current plans for FY09 involve no parental nor external funding based on jet fuel US$160bbl (CIR $167). We assume no funding is provided by TOLL at any stage for VBA.
Toll Holdings (TOL) has a share price target of $8.60 from Australian market analyst UBS.
Toll Holdings (TOL) Discount to fair value likely to continue
Earnings changes for Virgin Blue:
We are cutting our Toll EPS forecasts by 14% in FY09 to reflect our separately published Virgin Blue downgrades. Our transport earnings remain unchanged, although risk is probably to the downside given expectations for slowing economic growth and an inevitable lag inpassing through fuel cost rises.
We see three key share price drivers::
The Toll Holdings Limited (TOLL) current share price has a implied reduction in domestic growth from 7% to 3% with margin decline too aggressive from Australian stockmarket analysts from Citi.
Toll Holdings Ltd: Rationalising Risk
Upgrade to BUY — Sale of NZ rail and ferry assets removes an element of risk and switches focus back to domestic ops. Current share price implies a reduction in domestic growth from 7% to 3% with margin decline which looks too aggressive in our view. We have not changed our forecasts at this stage.
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.
I caught a discussion on TV the on Tuesday on the Midday report on the ABC about possible stock picks considering the current global and local economic situation. The expert (sorry didn't catch his name or which firm he was from) said its time to go safe and invest in "defensive stocks" (keyword = invest!)
The newsreader asked him what was his stock picks and here they are - defensive stocks for uncertain times:
- Australian Securities Exchange (ASX) - because the exchange has a monopoly
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