Toll Group – A$0.025 operating margin? Nowhere near enough
Counting the cents
(Other than that, on a preliminary basis, little of interest in its Q3 ’20 update, with air freight gross profit x unit still above the long-term mean, ocean floating around with the tide, but battered volumes for both well below where we thought they may be just over a year after the PAN deal)
The share buyback programme, then. As DSV noted, it “will run from 29 October 2020”, hence today, to “30 April 2021 at the latest, both days inclusive.”
Consequently, it’s totally conceivable that ...