TOL 0.00% $9.02 toll holdings limited

Resady to refloat TOL?

  1. 2,000 Posts.
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    Japan post has made a hash of their TOL acquisition, writing down their $6.5B acquisition by $4.9B and sending the parent company into the red.

    TOL was not that healthy at the time of the acquisition, so paying a 49% premium for it was a big call. With little management control from Japan, and a lassaiz faire attitude by the Australian management, the only possible outcome was a bad one.

    While Japan Post is belatedly imposing more control, one wonders if their best bet is a refloat on the ASX?
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Currently unlisted public company.

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