Originally Posted by
iceman
Shipping costs have dropped rapidly in the last few weeks/months and container availability & shipping become more readily available. This is positive for MFT as it allows us to recoup some of the fast rate increases that could not be passed on to customers rapidly enough last year. Fuel costs have also rapidly decreased in recent weeks.
Slowing World economy is obviously a concern for freighting companies BUT, it also sorts the boys from the men and I think MFT is now a very strong, globally diversified player that can take advantage of economies of scale.
So I'm very confident MFT is chugging along very nicely.
The big thing for us Kiwi holders, is the exchange rate. ATM, looking back 12 months, the NZ$ is down against most of the income generating currencies for MFT.
We get roughly 1/3 of revenue in USD, which is up roughly 10-15% average through the year.
A$ roughly 1/4 of revenues. Up roughly 5-8% average last 12 months.
Euro will be the interesting one and difficult to forecast or guess what is happening with freight there.
But I am confident we will have a very good trading update soon and a good half year report in November. Expecting $1.00 divie :drool::drool: