Freightways - FRE

[King1212]

Business is strong... revenue up...this is a hold

[winner69]

Business is strong... revenue up...this is a hold

...and I wouldn’t short it either

[sb9]

Thanks for that heads up. Went short on open.

Yeah, price looks vulnerable may test low $6s in the short term.

[JohnnyTheHorse]

...and I wouldn’t short it either

Just a quicky. Covered at 685.

[peat]

interesting to read logistics companies reports as a barometer of the much wider economy. FRE confirming the situation that recovery is moderately strong, but not ecstatic, and seen as bounceback

[dreamcatcher]

10 days ago was $6.75 with no div expecting low $6 otherwise not interested.

Happy with decision to sell 2 years ago $6.80 as SP hasn't moved.

[tango]

I was expecting better things. All the other courier companies had a massive surge in volume as people shopped online. FRE had increased revenue not converted to profit. I have to dig in to the accounts further to work out where the extra costs came from.

It's a hold from me but I will review it over the next month...

[King1212]

It is a hold and accumulate when SP is week. Glad they keep the dividend as the chance of raising capital is gone... great company to hold....

[peat]

Glad they keep the dividend

oh i see you mean they keep the dividend in the retained earnings - which means they cut the dividend.

[King1212]

Breaking $8 soon...brokers are bullish with FRE because of increase of online shopping and NZ covid under control now. Extended airfreight contract.