Toll Holdings

Toll Holdings (TOL)

Fri, 13/06/2008 - 11:35

Stock Code

TOL

Stock Exchange

Australian Securities 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 to Exit Its Stakes in Virgin Blue

Sun, 13/07/2008 - 21:53

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.

Australian Market Preview

Mon, 16/06/2008 - 10:01

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) Company Stock Update

Mon, 16/06/2008 - 08:24

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) News Update

Mon, 02/06/2008 - 12:45

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::

Toll Holdings Limited (TOLL) Update

Wed, 07/05/2008 - 05:05

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) Worst Stock Performers for Week 16 of 2008

Sat, 19/04/2008 - 07:22

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.

Defensive Stocks for Uncertain Times

Thu, 07/02/2008 - 04:12

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

Energy Resources of Australia: The Best Performer for Week 3 of 2008

Sat, 19/01/2008 - 02:57

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.

Toll Holdings Update

Thu, 07/06/2007 - 07:49

Toll Holdings have a reinstated Buy 1 broker call and a stock price target of $16 from Australian shares analyst UBS. Australian business is a 8-11%pa topline grower: Following a period of research restriction and Toll Holdings' demerger of Asciano, we are reinstating with a Buy 1 rating and a A$16.00 price target. The key to Toll Holdings’ investment thesis is its ability to sustainably generate 8-11%pa topline growth and ongoing margin expansion by virtue of its dominance, scale and integration in Australia. EPS accretion inevitable from A$3bn debt capacity: With forecast FY08 net debt of only A$0.4bn, they believe Toll Holdings has capacity for A$1.3bn in acquisitions and this increases to A$3.5bn after a sale of Virgin Blue. They calculate the debt versus equity arbitrage on this capacity alone (without synergies) would provide Toll 7% and 20% value accretion respectively. Virgin Blue stake likely to be diluted: They estimate Toll Holdings' 63% stake in Virgin Blue will account for 30% of its proportionate EBITA in FY08. Management is cognisant of the market’s nervousness of this exposure and they believe the market wrongly assumes significant value dilution from its sale. EPS dilution is inevitable, but they estimate value dilution could be as little as only 3%. Their A$16.00 price target reflects a 12-month forward version of their current SOTP-derived A$14.30 valuation, an additional A$1.00 from deploying A$1.3bn in acquisitions, and A$0.40 of value dilution from divesting Virgin Blue.

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