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WTF just happened to this stock?

Discussion in 'ASX Stock Chat' started by YOUNG_TRADER, Jun 6, 2007.

  1. YOUNG_TRADER

    YOUNG_TRADER

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    Not sure if this new thread will be ok, but its a thread for respectable stoks that get smashed more than 10% in a day, ie BHP etc, or Specie stocks that drop more than 25% in a day, also no posting when theres a correction.


    To kick things off, WTF happened to TOL? Down 45% ???? :eek:
     
  2. kennas

    kennas Searching

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    LOL Restructure. You know - that funny named transport, or infrastructure bit of the Toll/Patrick merger plan. Ascensio or some rubbish.
     
  3. doctorj

    doctorj Hatchet Moderator

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    kennas is on the money.
     
  4. The Mint Man

    The Mint Man

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    this may have something to do with it.
     
  5. constable

    constable

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    WTF ...why the freefall! :D
     
  6. meoden1005

    meoden1005

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    I didnt pay attention to this stock but I might be something like Boral and Origin ^^. Yeah, I cant also tell u if u should buy toll rite now or not (no research on this one in my portfoilio) @@
     
  7. Mousie

    Mousie

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    LOL good one constable...this one's safe to tell the kids eh?

    Mods thinking of adding this to the commonly-used abbreviations list? :D
     
  8. insider

    insider

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    This one is gonna be on the news
     
  9. Julia

    Julia In Memoriam

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    The demerger has produced Asciano, AIO. First day of trading today.
    Opened at $10.35, now $10.72.
     
  10. PhoenixXx

    PhoenixXx

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    I'm holding this share although not in substantial amount.
    My question is. what's gonna happen to my shares with this restructuring?
    Thx
     
  11. Buffettology

    Buffettology

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    They split into AIO and TOL. You will receive 1 AIO share for every TOL share. Since AIO is worth $10.68 a share at the moment, and TOL has fallen $10.47, you have made 21cents per share today, so far :) Not bad.


    TOL now = asset/capital ‘lite’ logistics company that also holds the 63% stake in Virgin Blue

    AIO = asset-heavy company that will own the existing Pacific National rail and Patrick port assets
     
  12. PhoenixXx

    PhoenixXx

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    Thx for the info
     
  13. Fool

    Fool

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    AAX down ~10% to $7.80 on no announcement.

    Anyone got any reason for this?
     
  14. Sir Burr

    Sir Burr

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    Thanks Buffettology, do you know if/when AIO will turn up on our brokers portfolios?

    ...be interesting system trading to manage the trailing stop on this one. Maybe combine the prices and follow until it breaks the stop and sell both! :D
     
  15. AndyMc

    AndyMc

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    If you were holding shares then you made a gain..

    What if you were holding a CFD on TOL? Would you have just wiped yourself out?
     
  16. Damuzzdu

    Damuzzdu

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    No, because you get 1 x AIO share for each TOL share you hold.

    so if you had 100 TOL CFD's last night, now you hold :

    100 x AIO CFD's
    100 x TOL CFD's


    For those interested you could have traded your AIO shares today by speaking to yr broker, but AIO shares should appear on Chess holdings o/nite.

    Cheers
    Muzz
     
  17. YOUNG_TRADER

    YOUNG_TRADER

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    I actually was thinking imagine if you shorted this bad boy yesterday!

    But per Damuzzdu's comments you would have actually made a loss as you would also have shorted AIO,


     
  18. Pommiegranite

    Pommiegranite

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    WTF seems pretty good to me ;):

    http://www.asx.com.au/asx/research/...de=WTF&TimeFrame=D6&compare=index&indices=XJO
     
  19. shinobi346

    shinobi346

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    The drop got me too and disrupted my trading for a while while I worked out what just happened. I must have missed this in their annoucenments and the news.
     
  20. Jaybee

    Jaybee

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    I haven't been involved with a share split before. How should it be treated for capital gains tax purposes? Is the Asciano purchase price $0.00? If I had sold both Toll & Asciano at today's close after buying one week ago, then I assume I would have made a heavy loss on Toll and a large profit on Asciano. Any clarification is greatly appreciated.
     
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