Toll in the black – P&L relief; junk balance sheet; weak cash flows
Mixed at best, but better
ID 6502948
© Martin Gerner
| Dreamstime.com
By Mr Joy
Christine Holgate is facing some extremely difficult choices in reviving Team Global Express (TGE) as an attractive acquisition target.
Marry in haste, repent at leisure
I was driving to work the other day and saw the Toll signage finally being removed from one of the company’s flagship distribution centres, several years after the acquisition of the Australian network business by Allegro.
Down came Toll and in its place, up went the TGE signage. Both the symbolism and the irony ...
Comment on this article
chris dunphy
August 06, 2024 at 8:59 amWell scribed Mr Joy.
We await the release of the NZ Logistics Holdings results (formerly Toll NZ & also owned by Allegro) shortly to complete the full view of the horror-show.
Alessandro Pasetti
August 06, 2024 at 1:03 pmMany thanks for the valuable feedback, Chris! I passed it on…