Freightways - FRE

[minimoke]

Here's a share with no love.

But in todays announcment:
Revenue up
Profit before tax up
Net profit up
Final Dividend up

Share price down on opening

[macduffy]

Here, at least, is some good news.

https://www.nzherald.co.nz/business/...ectid=12148567

[minimoke]

Here, at least, is some good news.

https://www.nzherald.co.nz/business/...ectid=12148567

This si what is killing me. More good news. But still down over 1% today! The market is just mental at times.

[MauroNZ]

Is there anyone following this company? I wonder if this news are a concern.

http://www.sharechat.co.nz/article/a...to-fy2020.html

[percy]

Is there anyone following this company? I wonder if this news are a concern.

http://www.sharechat.co.nz/article/a...to-fy2020.html

Yes it is very much a concern.
When FRE state things have slowed down, we know the whole economy has slowed.
For FRE it means margins and growth are under pressure,together with pressure from their biggest customer.
Not a lot of wriggle room for FRE as they were priced for perfection.
Although the sp has fallen,perhaps it will fall further.

[MauroNZ]

Yes it is very much a concern.
When FRE state things have slowed down, we know the whole economy has slowed.
For FRE it means margins and growth are under pressure,together with pressure from their biggest customer.
Not a lot of wriggle room for FRE as they were priced for perfection.
Although the sp has fallen,perhaps it will fall further.

Thanks Percy, I think I read a couple of years from you about FRE but I wasn't sure.

[percy]

Yes years ago I recommend a friend buy in at IPO.Not much interest in the float so he got a fair few.Think everyone wanted Feltex.!
He has since died and his family trust retained ownership of his shares.
I am a trustee of his trust.
On Friday and yesterday we sold two thirds of the trust's FRE shares.
I think the IPO price was $1.60,but it was so long ago I may have that wrong.

[MauroNZ]

Yes years ago I recommend a friend buy in at IPO.Not much interest in the float so he got a fair few.Think everyone wanted Feltex.!
He has since died and his family trust retained ownership of his shares.
I am a trustee of his trust.
On Friday and yesterday we sold two thirds of the trust's FRE shares.
I think the IPO price was $1.60,but it was so long ago I may have that wrong.

Thanks Percy, I always learn something from your posts. I guess then not worth it at the moment to research.

[minimoke]

I bought in at IPO and they sit in my "set and forget" portfolio. $1.60 rings a bell. Its been a slow but steady growth stock with useful divvies along the way. Its a reliable enough company I'm not worried about its recent plunge. Its till well above the 12 month low. Will keep holding until retirement - at which point all shares get the spotlight cast on them.

[lissica]

I bought in at IPO and they sit in my "set and forget" portfolio. $1.60 rings a bell. Its been a slow but steady growth stock with useful divvies along the way. Its a reliable enough company I'm not worried about its recent plunge. Its till well above the 12 month low. Will keep holding until retirement - at which point all shares get the spotlight cast on them.

IPO price was $1.60. We've held since IPO- the first share I've owned and still own. Stepdad worked for them at the time.

Not too worried about their outlook. Freightways have always had a pessimistic statement- can't recall them saying anything but conditions being challenging.

I prefer that they under promise.