"Trading Update The Company also advised today that, while operating profit before interest and tax for the current half year is currently expected to be up 5-10% on the same period last year, trading conditions have recently softened across some parts of the business in Australia and continue to be challenging in New Zealand. Lower customer volumes are having an impact on the non-express parts of the business in particular."
May get belted on the back of this, would expect profit downgrade in the not too distant future.
TOL Price at posting:
$5.70 Sentiment: Sell Disclosure: Held