MOV - Move Logistics (formerly TLL)

[winner69]

The ex long time Mainfreight man will fix them up …no worries

Like this bit. Maybe Mainfreight not focussed enough -

Craig said: “Businesses are telling us they want a strong alternative in the market; a provider who is focused on New Zealand customers, with a breadth of product and service capability, and who can move quickly to deliver a solution that is tailored to their needs. MOVE is well positioned to meet their expectations. We remain committed to delivering exceptional value to our customers, nurturing our talented team, and ensuring the long-term success and prosperity of our company.”

[kiwikeith]

https://www.nzx.com/announcements/417319

CONTINUING TO RESHAPE AND STRENGTHEN THE BUSINESS TO SUPPORT GROWTH
• FY23 revenue of $347.7m and Normalised EBITDA1 of $47.4m reflects investment in future growthinitiatives, moderating consumer demand in response to economic conditions, the ongoing Freightimprovement programme and weather events.
• Investment in future growth includes new trans-Tasman shipping service, fleet upgrade, technology andtalented people.
• New CEO commenced in February 2023 - indepth business review completed and legacy issues are beingaddressed.
• Initiation of Project Blueprint in Q423, a 12 to 18 month dual pathway programme to reshape andstrengthen the business, and drive organic growth.

Halfway down the press release it states the NPAT is a loss of $7.2m. It could prove to be a fantastic long term bet but I will watch from the sidelines from now.

[Rawz]

If anyone buys this because some ex MFT dude is running it well i wish you all the best

[nztx]

If anyone buys this because some ex MFT dude is running it well i wish you all the best

Why did he jump ?

[Getty]

The ex long time Mainfreight man will fix them up …no worries

Like this bit. Maybe Mainfreight not focussed enough -

Craig said: “Businesses are telling us they want a strong alternative in the market; a provider who is focused on New Zealand customers, with a breadth of product and service capability, and who can move quickly to deliver a solution that is tailored to their needs. MOVE is well positioned to meet their expectations. We remain committed to delivering exceptional value to our customers, nurturing our talented team, and ensuring the long-term success and prosperity of our company.”

Yes, well they got the delivering exceptional value part right, hence the $7.2M loss in doing so.

Mr Customer, what can we do to win your business?

Well, do more, and charge less of course!

Done!

I think Move and us will get along fine then!

[Rawz]

Yes, well they got the delivering exceptional value part right, hence the $7.2M loss in doing so.

Mr Customer, what can we do to win your business?

Well, do more, and charge less of course!

Done!

I think Move and us will get along fine then!

Exactly what i was thinking.. and how long will that strategy play out until shareholders get grumpy.

[Getty]

Exactly what i was thinking.. and how long will that strategy play out until shareholders get grumpy.

The strategy will play a lot longer I would suggest.

As for shareholders, depends whether they are short haulers or long haulers.


Move took over a lot of tired gear, with long lead times and expense to replace.

Then committed to leases on expensive warehouses that thanks to cyclones and predicted recession may be a lot emptier than anticipated.

[silverblizzard888]

Not a lot to expect from these guys yet, they have so many medium term issues to sort out that there was never going to be a quick fix. If you think about their business everything is signed on for a certain period of time like their leases and their customer contracts, they can't change much of that until times up, first they had to define the business strengths and where they could get their margins, then make changes to target the right customers and sign up on leases that suit their strategy, it was always going to take a good amount of time and the share price was going to take a hit inbetween.

They seem to have figured out what they want and where to go, but the change is still slow. Probably see some good financial changes during this financial year and then seeing it build fairly well into the next.Probably expect them to hit breakeven for FY24 and then if things go smoothly they should generate a profit in FY25.

[nztx]

The Stakeholders who tossed buckets full in to double paid in Capital in 2022 must be
very impressed that not even that has seen a turn around

To unleash potential may require some considerably better times & major fine tuning so
to deliver better than less than breakeven

Unfortunately it seems with value extracted on listing the ship, resources must have
then been limited/constrained - to require further tossed in to sure things up


Watching from the sideline here & fully expect SP to slide further

Many will recollect that dividends prior to suspension seemed to be rather miniscule
and nothing really exciting

Then the SP appeared to get a bit excited on Aussie interest, plus Ex MFY bods climbing in,
but the financials & profitability is the one area that was never recovered, while
others in the same sector appear to be fully recovered - in case of MFT & FRW

[winner69]

MOV shareprice flirting with 60’s today