Freightways - FRE

**Valuegrowth** · 25-06-2023, 01:59 PM

https://www.agcs.allianz.com/news-an...c-outlook.html

Following the post-pandemic boom in container shipping, economic and geopolitical uncertainty and falling demand has hit freight rates. The cost of shipping a container between Asia and the US or Europe in April 2023 was more than 80% lower [1] than a year earlier. while some routes are now at pre-pandemic levels.

**winner69** · 17-08-2023, 06:09 PM

Anybody hold Freightways …or interested

Share price still trending down from high of 13 bucks

Long term Chart looks much the same shape as MFT one.

Maybe still see as too ‘expensive’ but that’s how sector seems to be valued

**X-men** · 17-08-2023, 06:21 PM

Used to hold it..sold before the market crashed...

Been looking at it...with inflation n high operation costs...it would eat up the margin profit...

They started to expand to Australia....

**Sideshow Bob** · 21-08-2023, 10:33 AM

https://www.nzx.com/announcements/416649

Revenue up 29%, net profit after tax up 7%.

Going for a dual listing on the ASX

**Filthy** · 21-08-2023, 11:01 AM

Originally Posted by Sideshow Bob

https://www.nzx.com/announcements/416649

Revenue up 29%, net profit after tax up 7%.

Solid result.

**Sideshow Bob** · 08-09-2023, 12:18 PM

Starts to trade on the ASX from next Thursday

https://www.nzx.com/announcements/417926

**X-men** · 08-09-2023, 05:46 PM

ASX is a shorter and trader paradise. SP could go up high and severely punished if financial forecast is not meet.

Ruthless....

**winner69** · 26-10-2023, 09:52 AM

I think outlook says in Q1 things are a bit tougher (more so than we expected) …….revenues up quite a bit on pcp but profit about the same

http://nzx-prod-s7fsd7f98s.s3-websit...554/405772.pdf

Another thing outfit where Directors want a pay rise ….+12.5%

**Muse** · 26-10-2023, 10:11 AM

"Whilst we will be trying to minimise its impact and adjust our cost base in a sustainable way, we now see a risk that EBITA will beat or below the level of last year."

Consensus doesn't show EBITA but up until today did expect a c.7.6% lift in NPAT. That'll be well off the cards now.

Just looked at market depth. Just one buyer. Whoo hoo go NZX!