Comment / It's official: without extra parental support, Toll Group goes under

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08/08/2023

After a long, looong, looooong wait, the fiscal 2023 results to 31 March for Australia’s Toll Group were finally lodged with the Australian Securities & Investments Commission on 31 July.

Thank God the search is over.

(Furthermore, our own Mr Joy also spotted the fiscal numbers of Team Global Express, the neglected Toll Global Express (TGE) sold to private equity for a handful of million AU$ a couple of years ago.)

Let’s stick briefly today to the money pit that Toll Group was ...

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chris dunphy
August 08, 2023 at 11:50 pm
Several points here:
1/ Why is John Mullen still holding board roles after presiding over this bus-crash?
2/ Has anyone lifted the covers on Christine Holgate’s leadership of Team Global yet? The results squirrelled under Australian Parcel Group with ASIC show copious amounts of red-ink and all the usual PE tricks that Allegro use to make horse manure look like strawberry jam; &
3/ If you thought Toll Australia was bad, NZ is worse!

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