Management is the difference between a crap company and an ok company. Leadership is the difference between an ok company and a great company. MFT don't rate management, they rate leadership and they are a truly great company.
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An update on my Truckometer;
I thought about one comment on how to interpret better and I think I found a way: Telemetry Locations = https://www.datawrapper.de/_/xiHx1/
2018 was an uneventful year in the trucking business from what I can see, Heavy Traffic was pretty consistent all year with minor seasonal movement. Unfortunately Waka Kotahi data does not publish back further so I cannot guarantee that point, but you can see from my original Truckometer how reliable 2018 was.
https://datawrapper.dwcdn.net/Dugrc/12/
However, making that assumption creates an opportunity to look at each year as a growth year from 2018, and if you take a look at my Truckometer index then you can see that not only was the YTD growth last year very good (resulting in extraordinary profit growth) but it has continued.
https://datawrapper.dwcdn.net/BuKLU/1/
Thanks Jonette. Very interesting stuff. It would be great if you had some permanent site/link where you published your Truckometer and updated it.... or do you already have such a site and I've missed it.
Nice work Jonette.
Has anyone heard if there will be a shareholder day this year? I think the next market update either there or a general release will confirm Jonette's forecast growth will see another satisfactorily special year.
They have already given 16 weeks update which was more then satisfactory but market still not interested as they keep doubting future growth of MFT which keeps delivering ...eventually market will give up being pessimistic and take it beyond $ 100 ...sooner then later imo ...next 6 months max
http://nzx-prod-s7fsd7f98s.s3-websit...075/375523.pdf
I did, but it was for my use while I developed my ideas, I have now moved it to a more public site, with a new Truckometer to GDP comparison - I developed it for use in the Property Investment space, but realised it may have value with MFT so its now available here:
https://jonette.co.nz/listings/marke...uckometer.html
I have one comment for you Jonette. This is from personal and anecdotal experience. The import shipping debacles are creating a huge amount of extra trucking unrelated to an increase in actual economic activity. Many ships are loading, and especially unloading at none-preferred ports. Example several container ships have unloaded their Auckland cargo at Northport, and many miss Auckland out and unload their Auckland cargo at Tauranga. This then produces a lot of extra (unnecessary) truck movements. Also the huge inventory build of many businesses has maxed out a lot of warehouses and much more is being stored offsite at 3PL contract warehouses, shuffled around from site to site, etc, again producing extra truck movements.
I am aware of that, but the stats are a simple comparison although with higher growth. Ie the trends are your friend.
I am picking up port traffic because I especially chose routes that would show it. You can pick out quarters where say the Auckland strike had an impact, but real changes are not that obvious in aggregate. BTW, I developed this as a GDP predictor which comes available months earlier than the RBNZ quarterly results - June will be published on 15th Sept, by which time I will have August data.
Hey thanks for the feedback, the more the better, this stuff gets hard without a critic.