Freightways - FRE

[Jonboyz]

Tis a tight market looking for good value at the moment. FRE sp has been down this year with economy slowing, but maintains a good hold on the courier market and an okay dividend. Long-term, its business model looks pretty stable for continued growth.
Looks to be a reasonable investment - any thoughts?

[Not a holder but watching]

[Stumpynuts]

FRE acquiring Big Chill Distribution

https://www.nzx.com/announcements/343468

[macduffy]

As one would expect, the presentation reads well. Does anyone know Big Chill's position and reputation in the industry? Who are the competition?

Disc: Holding FRE

[jg8512]

As one would expect, the presentation reads well. Does anyone know Big Chill's position and reputation in the industry? Who are the competition?

Disc: Holding FRE

acquisition looks good, Freightways' performance in its core business not so good.

[percy]

As one would expect, the presentation reads well. Does anyone know Big Chill's position and reputation in the industry? Who are the competition?

Disc: Holding FRE

Big Chill have 200 trucks while Halls have 250.

[kiwi_crusader]

Big chill reputation in the industry is terrible, they’ve been getting a lot of work due to undercutting and looks like it’s come back to bite them in the backside with the increased transport costs.
They won the big Fonterra contract, then found out they under costed on many runs and tried to pick and choose but fonterra held then to their full contractual obligations. Their fleet is mostly leased and full of Indian employees with work visa’s running out and have high turnover in staff.

[percy]

Just posting to have this thread visible.
Yesterday's announcement read to me as they face a few challenges.

[percy]

Thanks Percy. Sorry I created new thread yesterday as I could not find one. How do I delete the unneeded duplicate thread? Any guidance appreciated.

Poor half year result from a company that has been a good long term performer over years. Information Management result very poor, express package weak growth.

Disc. Long term holder

Would not worry about it.Just send Vince a PM asking him to delete it.We have all done it.!.lol.

[macduffy]

Announcement of settlement for Big Chill and trading update. Sensibly, no stab at profit guidance offered.



http://nzx-prod-s7fsd7f98s.s3-websit...077/320120.pdf

[Marilyn Munroe]

I use their DX mail product as it was superior to Cullen Post until the current crisis.

My local DX mail drop off in the lobby of a solicitors office is now closed. Their help line directed me to a public post box which does not exist.

Cullen Post is my mail solution for now.

Boop boop de do
Marilyn