Toll in the black – P&L relief; junk balance sheet; weak cash flows
Mixed at best, but better
Another vestige of the company formerly known as* Toll Group fell away as compatriot “Team” Global Express (the new TGE!) announced a multi-year contract with Aurizon earlier this week.
(*For the reader: We all used to refer to Toll Global Express as ’TGE’, however that TGE, the old, glorious TGE, previously part of Toll Group, agreed to be sold to restructuring shop Allegro in late 2021 – and so now the new TGE is Team Global Express, after the Toll Group’s express unit was not-so-creatively rebranded.)
True bedtime story
Once upon ...
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