You're getting increasingly developed infrastructure throughout the major economies in Asia which is a good framework to run a logistics operation. Toll has always had an aggressive strategy of growth.
More Quotes from Angus Gluskie:
I'm not hearing people talk about commodities shares being good value any more. Rising costs and a steadying of commodity prices will show up more and more in earnings.Angus Gluskie
There'll definitely be relief when there's clarity. While you might have a couple of residual issues hanging out there, this is a fairly large step in resolving the matter.
Angus Gluskie
The market seems to be discarding bonds, which means that the banks will stand to lose out, at least on a relative basis. Anything with a decent yield tends to be targeted.
Angus Gluskie
If they make too many concessions then the potential synergy values to them of the takeover begin to evaporate.
Angus Gluskie
The sale provides the business with a huge surplus of capital, some of which will be returned to shareholders, which is also a move people will savor.
Angus Gluskie
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