Toll in the black – P&L relief; junk balance sheet; weak cash flows
Mixed at best, but better
I tried to keep it quiet and avoid another hopeless Toll Group note, but from the feedback I’ve gathered there are a few – present and past – employees furious at Toll Group management with many seemingly losing trust in the company following the latest cyber attack due to the huge risk posed to their own privacy.
Combine that with a very precarious financial situation, and it’s hard to understand why customers ought to give Toll any credit in business dealings ...
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