Thank you for the information.
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Share price trashed today …apparently after Maersk reported gloomy news.
At least it didn’t close at days low of $57.01
Can we expect recovery in the shipping industry in 2025?
https://www.freightwaves.com/news/wa...deep-into-2024
https://finance.yahoo.com/news/ups-r...215119142.html
UPS and Fedex have volume reduction as well
Last numerous HYs MFT has outperformed estimates of the street ...Current consensus estimate is $ 1.19 ...fingers crossed
But all can expect very candid and honest update about future .
IMHO most investor friendly and straight talker company ...India operations already on with first operational office in Mumbai
What ever the short term brings ...most positive about MFT longer term ...wont be surprised it exceeds my expectations ...which are only double its SP in next 3 years ...:D
With a dip in between?
A small-ish shipping company with sea- and land freight operations in North Atlantic (Europe - USA) which I hold a few shares in, has just reported Q3.
Q3 YTD
Revenue -31% -23%
EBIDTA - 30% -20%
NPAT -41% -18%
Thought I'd share this here for a fun comparison for a different part of the World but MFT is heavily involved in Europe and USA, so it may give us some idea on what to expect from that part of our operation.
Blaming drop in international freight pricing and a significant drop in volume in Q3..
But interesting comment was that input costs, i.e. operational costs have gone down 31% as well, due to cheaper pricing of contracted freight services.
Sorry for the formatting above. Not sure what has happened. Looks totally different when I try to edit it. The two percentage numbers are for Q3 and YTD (first 3 quarters)