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To my knowledge there is no bidder, but if logic prevails after Toll has been halved this year and Virgin is hated by junior analysts at UBS and JP....something is up in this stock as it should be down big today with oil up so strongly but strong buying just keeps rolling in. Curious.
Hutchison were just in Australia to look at assets last month. I wonder ???
Toll would make an ideal candidate for their business.I have gone long. Its becoming an M&A market. Short covering will begin at $7.30 and it will rocket to $8-$9.
Thoughts ? Who else would be interested. Break up value and cash would be double digit and finance the takeover.
Do your own research and ignore me as i was wrong recently on TSE, MGX and WPL...but I'm right alot too. Been right on BNB, QAN, Beach, suncorp in this tough market.
FTR: I love QAN and TOL and New OXR the most. Cheap, great yields, plenty of cash, many potential suitors.
Peace.
TOL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
