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01-10-2020, 05:35 PM
#301
Hopefully will break $8 this week.
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05-10-2020, 01:32 PM
#302
Uncle Jarden right again....man....they made me rich...
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05-10-2020, 02:04 PM
#303
Member
Originally Posted by King1212
Breaking $8 soon...brokers are bullish with FRE because of increase of online shopping and NZ covid under control now. Extended airfreight contract.
Nearly there, pushing up to $7.94 today. The Auckland Lvl 1 announcement giving a boost?
Last edited by CamNZ; 05-10-2020 at 02:05 PM.
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07-10-2020, 09:22 AM
#304
Highly unusual short stint.
Director retirement
7/10/2020, 9:09 am ADMIN
Malcolm Grimmond has decided not to stand for election at the Freightways’ ASM on 29 October 2020, citing personal reasons. Mr Grimmond had joined the Board of Freightways on 14 September 2020. The Board acknowledged Mr Grimmond’s decision and wished him the very best for the future.
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22-10-2020, 09:10 AM
#305
update is next week, 29th OCt....would FRE follows MFT?? Big chill is well positioned, extra freight contracts from government. SP is currently at the same level before they bought Big chill. so will be interesting to see the update next week.
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22-10-2020, 10:24 AM
#306
Originally Posted by King1212
update is next week, 29th OCt....would FRE follows MFT?? Big chill is well positioned, extra freight contracts from government. SP is currently at the same level before they bought Big chill. so will be interesting to see the update next week.
Yep, I sort of wondered as well why FRE is performing that pathetic compared to Mainfreight ... they are in the same industry and line of business - right?
Just compare how the market valued them the last 5 years ... just to remove any doubt - MFT is the blue line, Freightwise is orange ;
Attachment 12033
Freightwise gained over the last 5 years roughly 40%. Not bad, however Mainfreight gained throughout the same period of time 260%. Now - this is how a successful company with great management compares in a booming market with its poor cousin with average random management.
Have a look through Freightways books - they are indebted with debts (70% of their assets) reaching up to the nostril, their NTA is a material negative number (-$1.10 / share) and many of its enterprises are just loss leaders without any promise to bring in paying customers. Who in their right mind would start in a rapidly shrinking market a competing letter mail business (Dx-mail)?
Just to compare: Mainfreights liabilities are 58% of assets and their NTA is a positive $5.09 per share.
I think one of the other big differences is - Mainfreight considers themselves as a transport enterprise with the customer needs in the centre, while Freightways sees themselves more as an investment fund for whatever activity may or may not bring money in the transport business ...
Sure - they say every dog has its day, and at the moment it may or may not be Freightways, but I certainly would not bet too much money on that :
discl: hold MFT, don't hold FRE;
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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22-10-2020, 10:35 AM
#307
To answer that..simple....
MFT has expanded overseas..thier sp reflected to thier business
FrE only Australia n nz...and slowly expanding thier business
Saying that...sp never disappointing.. slowly up
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29-10-2020, 10:13 AM
#308
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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29-10-2020, 10:47 AM
#309
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29-10-2020, 10:51 AM
#310
$9 ish coming soon...big chill performed well! All other parts are well run n busy...
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