Toll Holdings Ltd (TOL) will go ex dividend on 2/10/2009. The current dividend payment is 13.5 cents and it is 100% franked. The record date is 9/10/2009 and the dividend will be paid on 23/10/2009. Based on the full year payment the dividend yield is 2.9%.
*Current Yield: 1.6% Franking: 100% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 18/9/2009. Current yield is based on the current dividend payment only.
Toll Group has scored a $180 million contract with the Gorgon gas project on Barrow Island, off Western Australia.
Toll s Energy Division now has a three-year contract to manage the supply base and logistics services for the $50billion project, which will draw gas from Australia s largest-known gas resource.
The Chevron-led project also has the backing of ExxonMobil and Shell, both with 25% stakes. Other service providers include Demcil Australia, Thiess and Kentz.
ASX Code: TOL
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For more details on this news story:
The Toll Group, the Asian region’s leading provider of integrated logistics services today announced the acquisition of three Asian based international express businesses. The Toll Group generated revenue in excess of A$5.6 billion for the year ending June 2008. Toll has acquired the Asian operations of Deltec in Hong Kong, Singapore and Australia to compliment its existing air freight operations in Australia and New Zealand. The Deltec business has multiple product offerings including international express, local point to point courier and mail (international and domestic). It has also acquired two additional smal businesses in Hong Kong – Kwikmail and Skynet (Hong Kong). The three acquisitions are expected to be EPS positive from the first year.
“The businesses will be integrated into Toll Priority, which is expanding its Asian based express courier business. Toll Priority is an express parcel and document division of the Toll Group, with global reach and operations in Australia, New Zealand and the Pacific Islands. “As we’ve been saying for some time, our customers increasingly expect Toll to provide them with international solutions to their logistics needs,” said Paul Little, Managing Director of the Toll Group. “Hong Kong is the busiest cargo airport in the world and Singapore is the eighth busiest and the busiest in South East Asia so boosting Toll’s presence in these markets is an important advantage for our customers,” Mr Little said.
Toll Group, the Asian region’s leading provider of integrated logistics services, has reached agreement for the purchase of 100% of the shares in Perkins Group Holdings Pty Limited, the parent of the Perkins Shipping Group. The conditions for the transaction include competition clearance. The Toll Group generated revenue in excess of A$5.6 billion for the year ending June 2008 and employs 30,000 people in more than 50 countries around the world. The Perkins Group provides shipping, integrated freight services, land haul services and general freight services. Services offered by Perkins Shipping include international shipping between Darwin and Singapore via Timor Leste and coastal shipping throughout northern Australia.
“The increasing importance of south-east Asian trade to northern Australia reinforces the future prospects for organic growth of the Perkins’ international shipping services linking Australia and Asia. “The Toll Group’s internationally integrated service offering is already benefiting our Asian and Australian customers. With its potential for future regional growth we are confident our customers will find Perkins’ Shipping a valuable addition to the Toll Group,” said Mr Paul Little, Managing Director of the Toll Group.
The acquisition is forecast to be EPS accretive in year one and will be funded out of existing facilities.
The majority of employee share option plans issued by the top 50 ASX-listed companies since 2003 are thought to now be worthless, according to a report in the Australian Financial Review.
Executives at Macquarie Group, Toll Holdings, and Tabcorp are among those thought to have missed out on millions of dollars in share options when the All Ordinaries dropped 43% in 2008.
Luckily, tax experts believe that any tax already paid on these poorly performing options may be refundable.
Stocks for your watchlist:
MQG Macquarie Group
TOL Toll Holdings
TAH Tabcorp Holdings
