I've had exposure to PFH through various businesses in the past. I got to know many of their drivers well. They always push for more money around xmas time. Long term drivers are taking home in excess of 100K, some earn 120K+ per year. 60+ hours per week to bring in that sort of cash and then you have T5 and Double time for some holiday periods. Relatively easy work but if they drop a shandy ( petrol station talk..diesel into a 91 underground tank sort of thing) you can kiss your job goodbye.
I've had exposure to PFH through various businesses in the past. I got to know many of their drivers well. They always push for more money around xmas time. Long term drivers are taking home in excess of 100K, some earn 120K+ per year. 60+ hours per week to bring in that sort of cash and then you have T5 and Double time for some holiday periods. Relatively easy work but if they drop a shandy ( petrol station talk..diesel into a 91 underground tank sort of thing) you can kiss your job goodbye.
Thanks for your view on things. Interesting and yes I agree about the shandy comment.
I would however like to know their base hourly rate as the company can put a spin on things. $100,000 per year is huge, but as winner said how many hours do they need to do to get that sort of money.
The family member I have involved with TLL says the company looks well after him, especially with COVID and he is happy, however TLL do need more drivers.
'We are pleased with our company’s progress to
date, with our first quarter results ahead of the
same time last year due, in part, to pent up demand
and seasonality as well as a positive recovery since
lockdown.
Based on this, and dependent on the timing of a
large windfarm project which is currently expected
to be undertaken in the current financial year,
the Board has confirmed its earlier guidance that
EBITDA for FY21 is expected to be at least that of
the FY20 post IFRS-16 result of $57.4m'
A Rough Interpretation:
1. We are back at work again & making favourable noises
2. Be grateful that you lot didn't get hit over the head for a Cap Raise
3. We are not yet back to spitting out a dividend
"The Board retains a prudent approach to cash management and no interim dividend has been declared. A final FY21 dividend will be considered subject to trading conditions and financial performance continuing to improve."
Looks like a long wait for patient holders - in meantime will SP slide below the buck and further south against the tide .. ?
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Originally Posted by ThaiJohn
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