Fliway Listing

[Blendy]

Looking potentially at adding another Board member to deal with acquisitions, and ideally that person would add diversity (gender, ethnicity etc)

[Blendy]

Very nice morning tea - the meeting was at the Link offices in the Deloittes building so it's been catered by a city caterer. Fancy sausage rolls, fancy sandwiches and mini croissants. A++

[Joshuatree]

Thanks Blendy.S/P and volume flat in response atp..

[benjitara]

I've got to say driving around Christchurch the Fliway vans and trucks would have to be the worst looking vans on the roads. Most look like they're on their last legs and the company logo/ material covers are always dirty in appearance. Not the best look but then again they seem to be stagnating in other areas of their business too!

[tim23]

Good couple of days out of nowhere reasonable volume today too

[tim23]

Anyone else noticed a price spike out of nowhere?

[Under Surveillance]

Anyone else noticed a price spike out of nowhere?

Yes. Can't fathom it. Result being reported 25 August unlikely to support it.

[TheHunter]

Yang Kee getting a steal at a @$1.22, a shame the large proportion of shares still held by the family so will likely go ahead. Getting ripped off @ $1.22 in my opinion.

Short lived listing on NZX now selling to overseas holders.

Hmm.

[TheHunter]

Why even list @ $1.20 then sell out at $1.22. Earnings set to cover and so will SP. They are getting ripped.

Well played Yang.

[Beagle]

Over indulged ? rich kids pocketing the vast majority of the money to augment their already extremely comfortable lifestyle ? It'll have to make a really compelling case for itself on a valuation AND growth basis to tempt me. Disc Own MFT which has a long and highly credible track record and has earned its hard won reputation with a five year average EPS growth of 14% and therefore fully justifies its 2015 forward PE of 19 times earnings. I wonder what this newcomers average EPS growth has been over the last 5 years ? "Best of Breed regardless of price" Warren Buffett.
Forsyth Barr managing the issue...Hmmmm, who can forget Credit Sails, Feltex, South Canterbury Finance ?

Yeap, its been a "fantastic" success story...for the promotors, (this post from March 2015). Considering the gains in the NZX over the last 31 months a 2 cent gain on the float price on a takeover is really very pathetic and shareholders have every right to think they're the ones that have been taken for a ride, (not the freight itself).

It was always a third rate listing in my view and that post above was by no means my only one clearly articulating the opinion I hold. I made it clear I preferred MFT which I said at the time was worth $22.50 and note it has increased from ~ $15.50 at the time to $24.80 now, a 60% capital gain whereas Fliway shareholders get Jack.