should be interesting to see what the NPAT will be. Forecast to be about $250m in their bidders statement.
Then in a recent release (Friday) says that it does not think that with the recent thing about Pacific National (downgrade forecast by PRK which TOL disputes) the forecast will materially be different.
$20m cost in takeover costs etc to impact on bottom line would ~10% of the profit. Wonder what the other costs will be (ie taking eye of the ball)? A $2 drop in SP is quite a bit.
TOL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
