Forum Archive Index - November 2001

["m&j.bacon" <m&j.bacon@xtra.co.nz>]

Gerry:
These companies seem to have ideal synergy
Have you any idea of the success of the tender ?
Maybe with the Lib/Nat win they have a better chance of rationalizing
the union dominated distribution and port industries.
Also where again did you see the announcement would be before 30th
Nov

 
LANG CORPORATION LIMITED 2001-09-05 
ASX-SIGNAL-G HOMEX - Sydney +++++++++++++++++++++++++ 

MEDIA STATEMENT 
Toll Holdings Limited and Lang Corporation today announced they would
form a consortium to bid for National Rail and Freightcorp. 
The Federal, NSW and Victorian Governments last month announced they
would proceed with the joint sale of the two rail businesses and would
seek expressions of interest from the private sector.
 In a joint statement, the Managing Director of Toll Holdings
Limited Mr Paul Little and the Managing Director of Lang Corporation Mr
Chris Corrigan said, "The sale of Freightcorp and NRC represents a
unique opportunity to transform and grow Australia's railway services to
become a viable and effective alternative to road transport. "We
believe the consortium will bring together the management expertise,
financial strength and market knowledge needed to improve the efficiency
and competitiveness of rail operations nationally. "Toll and Lang
have complementary but different business strategies which, to be
successful, require a reliable, cost effective rail service able to
support customers who want national and international logistics
solutions. "Toll is NRC's largest intermodal customer and is
focussed on improving the efficiency of rail freight movement between the
capital cities and encouraging modal shift to rail from both interstate
and regional markets. "Lang is following a strategy of improving
rail links to the Ports so it can offer a seamless service for importers
and exporters. "Our clear objective is to dramatically improve
rail's share of domestic and international freight and to deliver very
significant efficiency improvements to existing and potential rail users.
"In recent years rail's share of the intermodal interstate freight
task has fallen to approximately 20% with the remainder held by road
transport. Road has enjoyed significant Government support over many
years with massive infrastructure spending and regulatory benefits such
as increased mass limits. "For rail to be re-invigorated there must
be dramatic improvements in the management and operation of above-rail
services and real commitment from Governments to improved infrastructure
management and performance."

Lang: Chris Corrigan 0418 677 701 

Toll: Paul Little 0418 335 


Discl: no holding TOL,LAC or LACO (yet)

At 21:07 9/11/2001 +1300, you wrote:
> Arising
> from:
>  
> http://www.sharechat.co.nz/archives/current/msg00034.shtml
>  
> Press reports indicate that there are 4 applicants for these tenders.
> As mentioned, LAC - and as a consequence LACO - stand to gain if the TOL / LACO combination wins.
>  
> It may not result in a $3 increase in share price but it could still be handsome!
>  
> LACO is at present $3.05. I don't believe that any expectation of a positive outcome of that tender is as yet built into the share price! 
>  
> There may be a slight fall in the share price, should LAC not succeed.
>  
> Gerry
> Readers are not asked to buy, hold or sell LACO. To do so will be at their own risk. There will be no repeat of this message. 
>  
>

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