MOV - Move Logistics (formerly TLL)

[Hawkeye]

Im sure we had a thread for these guys somewhere but I cant find it.
Does anyone have any gossip on these bad boys? I purchased some about a year ago, and they have gone up 50% but that was 6months or so ago. Since then they haven't released much news. With other logistic companies doing well right now (bar QEX) I was wondering if anyone had heard anything?

Cheers

[nztx]

Im sure we had a thread for these guys somewhere but I cant find it.
Does anyone have any gossip on these bad boys? I purchased some about a year ago, and they have gone up 50% but that was 6months or so ago. Since then they haven't released much news. With other logistic companies doing well right now (bar QEX) I was wondering if anyone had heard anything?

Cheers

Yep there was another thread .. looks like it's disappeared

TIL do appear a bit on the quiet side on reporting updates, but that may not be bad

Let's hope there's a final div coming up rather than currified again - like the March 21 Interim was ..

probably accounts for SP fall back to a buck with sub $1 approaching..

[flyinglizard]

https://www.nzx.com/announcements/374898


how do you think?

[Snow Leopard]

When I first saw that 20.8% I thought takeover coming...

...then I read on and thought probably not.

[flyinglizard]

Not takeover, but Chris Dunphy is an investment banker and MFT ex managing director. I guess that TLL will soon begin its acquisition journey. I do not think they are going to sell TLL to MFT, but to create another MFT. I cannot wait to do the adjustment of my portfolio.

[ThaiJohn]

$1.18, starting to move along. Something on the boil?

[Leftfield]

$1.18, starting to move along. Something on the boil?

Article in NBR (behind paywall). New major shareholder and Board member reckons that TIL will become a leader in the specialised Hydrogen transport market. (Hydrogen seen as the future for Truck transport industry as EV engines not suited.)

Still not for the faint hearted.... $307 mill in liabilities and $344 mill in assets. FY 20 NP of $2.0 mill v $4.3 FY19 (EPS 2.5 v 4.7)

At current SP P/E is 14.19

Going to be one to watch and possibly huge future potential as NZ/Aus look for clean/green options to shun diesel.

( Disc - don't hold just watching)

[ThaiJohn]

This caught my eye. Ex Mainfreight executive director appointed to the board of TLL. ( also not holding but very interested )

"TLL is also pleased to announce that Chris Dunphy, who is a former executive director of Mainfreight and general manager of Mainfreight’s international division, has been appointed to the TLL board with effect from 1 July 2021. Chris joined Mainfreight in 1993 and helped take it public in 1996. After ten years of senior management roles in Mainfreight, spearheading their global growth-by-acquisition strategy, Chris resigned as executive director in 2003 to pursue private investments in a number of freight, shipping and logistics businesses. TLL Chair Trevor Janes said: “We are delighted to welcome Chris as a director and shareholder of TLL. Chris brings a wealth of knowledge and experience in the transport and logistics industry in New Zealand and Australia to TLL, and we look forward to working with him to continue to grow TLL’s position in the New Zealand marketplace.”

[ThaiJohn]

This caught my eye. Ex Mainfreight executive director appointed to the board of TLL. ( also not holding but very interested )

"TLL is also pleased to announce that Chris Dunphy, who is a former executive director of Mainfreight and general manager of Mainfreight’s international division, has been appointed to the TLL board with effect from 1 July 2021. Chris joined Mainfreight in 1993 and helped take it public in 1996. After ten years of senior management roles in Mainfreight, spearheading their global growth-by-acquisition strategy, Chris resigned as executive director in 2003 to pursue private investments in a number of freight, shipping and logistics businesses. TLL Chair Trevor Janes said: “We are delighted to welcome Chris as a director and shareholder of TLL. Chris brings a wealth of knowledge and experience in the transport and logistics industry in New Zealand and Australia to TLL, and we look forward to working with him to continue to grow TLL’s position in the New Zealand marketplace.”

[flyinglizard]

I bought some yesterday with some spare cash, but it seems the big boy not happy with the 10% jump in price, too aggressive? If the price is going down to $0.95-$1.00, I will buy more and hold for at least 5 years. The half year presentation report says that TLL is looking for acquisition opportunity in Australia, specified in dangerous good sector (page18 & 19). By given Chris Dunphy's previous experience, he is the right person for this. TLL has very high debt ratio, where is the fund coming for acquisition? They just issued $8.2m of mandatory convertible notes in May to repay the bank loan.

Dual listed in ASX to have fund and acquire some Australian freight companies? Similar growth pattern as MFT?

TLL windfarm freight is a cool thing, as we witness all energy companies are actively engaging in this sector, maybe solar farm too.