Morning Report Wednesday 18 February 2015
**Toll Holdings (TOL) agreed to a takeover offer by Japan Post for ~$5bn last night, ahead of reporting its earnings today (missing analysts' expectations). This will be a combination of $9.04 a share with a fully franked dividend of 13c a share. There a current reported short interest of 25.9m shares, obviously, TOL will experience a significant outperformance against the broader market today.**
Six major stocks of interest that reported to the market yesterday
We are experiencing a solid earnings reporting season with over half of companies beating the markets estimates of EPS (earnings per share). The combination of solid corporate news and historically low interest rates is combining to push the ASX200 to levels not seen since mid-2008.
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