15 Quotes by Angus Gluskie
- Author Angus Gluskie
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Seven's put together a reasonable case. They've definitely got an issue that they need to explore through the courts.
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If they make too many concessions then the potential synergy values to them of the takeover begin to evaporate.
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Certainly for the short-term, metals prices are propping the mining shares up. They're trading above the value of their earnings but investors are focused on the underlying commodities movements.
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We suspect there will still be a workable solution, but whether they can find it and find it in what's a fairly tight timeline now is difficult to say.
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The question mark in investors' minds has been will this year stack up as strong as 2005. This adds certainty that it will be another very strong year for them.
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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.
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Oil above $70 and the threat of a weakening U.S. economy are going to shake out those hangers-on in all markets. Oil affects just about everything, from companies' costs to consumers.
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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.
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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.
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