Toll in the black – P&L relief; junk balance sheet; weak cash flows
Mixed at best, but better
Some say that Australia’s Toll Group is the gift that keeps giving. Others though, strongly refute the bearish narrative and believe that the best days lie ahead for the Melbourne-based logistics group.
If you support the bulls, well, you may have good reasons to believe that the Toll story is going to end well.
It was in recent days that again several sources in our marketplace wondered why Toll hasn’t been sold “already” to DSV, for instance. Or to Kuehne + Nagel or ...
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