TOLL HOLDINGS (TOL) profit down 2.4%, takeover offer received from Japan Post @9.04/share. Outlook: Assuming no further deterioration in the external...
TOLL HOLDINGS (TOL) profit down 2.4%, takeover offer received from Japan Post @9.04/share. Outlook: Assuming no further deterioration in the external environment, with cost savings, efficiency gains and recent contract wins, we still expect to deliver higher underlying operating earnings in FY15. Today's share price reaction: trading halt - previous close $6.08. Recommendation: Sell rating to be upgraded to a buy given the proposed takeover announcement. Read more (VIEW LINK)
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