Now it turns out that this is considerably more money than these ferries actually make,
More Quotes from Chris Corrigan:
Everything we have learned about Toll in the last seven months has confirmed our belief that Toll has lower quality assets and a higher risk earnings profile.Chris Corrigan
The support for cleaning this up, I have to tell you, is overwhelming. And it is about time we got on with the job of cleaning up the waterfront and making it a productive place for all Australians.
Chris Corrigan
The bid is ill-conceived, poorly structured and offers Patrick shareholders a diluted interest in the high-quality businesses Toll wants.
Chris Corrigan
Now he's being given the opportunity to buy back effective control (of Virgin) at 1.40 aud (a share), so it is an extraordinarily wonderful situation for him. I hope he hasn't danced on my grave prematurely.
Chris Corrigan
It's very difficult for me to make a judgement on that - it's a day-to-day proposition really, isn't it
Chris Corrigan
Far from being a serious bid to build an Asian-Pacific colossus, the bid is a crude maneuver to stop Patrick competing with Toll in Australia. Patrick doesn't need Toll.
Chris Corrigan
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A man can make himself put down what comes, even if it seems nauseating nonsense; tomorrow some of it may not seem wholly nonsense at all.
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