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FTH closed R5.93 but the logistics space is getting hammered with fuel costs and the rand weakness. Reckon management needs to show earnings growth next quarter or this drifts lower, competition from the bigger boys like Barloworld is just too strong when margins get squeezed like this.
logistics space is brutal right now but FTH has real assets and contracts, not some moonshot biotech. load shedding killing everyone equally so thats noise. book value alone justifies way more than R5.93 if you actually look at the balance sheet instead of just panic selling when rand gets weak.
Fuel costs still elevated even with rand weaker, margins getting squeezed hard on the transport side. FTH's been struggling to pass that through to clients. Long-term view hasn't changed but near term looks rough til inflation settles and rates come down, probably another year out at best.
FTH sitting at R6.15, transport sector under pressure but logistics plays usually bounce hard once load-shedding eases and freight demand picks up. Catalysts moving forward, patience looks like a real good idea here.
Look, FTH got hammered but the logistics space in SA is broken, we need this stuff moving. Company's doing real work, real revenue, not some pre-revenue moonshot. Yeah balance sheet needs tightening but load-shedding and supply chain chaos means transport plays consolidate or die, and FTH's got the ops to stick around. Patience.
FTH sitting at R6.15 feels disconnected from what's actually happening in SA logistics right now. Load-shedding has forced every transport operator to rethink routes and fuel spend, which should be squeezing margins hard, yet the market's pricing this like it's already priced in. Compare that to what Grindrod's done with their fleet optimization, and you wonder if FTH's management has the same agility or if they're just absorbing the pain. Long term the fundamentals of moving goods around this country don't go away, but the next 18 months will separate the operators who adapt from the ones who
FTH jumping 6.39% today while the broader transport sector stays flat, suggests some company-specific momentum building. Worth comparing to Grindrod's recent moves - if FTH can maintain this energy while peers struggle, there's something brewing here.
FTH closed at R6.49 which is nowhere near where it should be given the logistics squeeze we're seeing across the board. Transport costs are brutal right now and if they can't pass that through to clients we're gonna struggle, but the balance sheet isn't broken so there's a floor here somewhere. Load shedding is killing everyone in this space but at least FTH isn't overleveraged like some of the other freight guys. Holding for now but frustrating as hell though.
Logistics play like FTH is boring but pays off when rand gets weak and volumes pick up, which they are. Last earnings showed operating leverage kicking in, margins improving off a lower base. Ngl at R6.49 its decent value if you believe transport demand stays sticky through the cycle.
Do you think FTH can actually grow revenue with load-shedding strangling transport volumes across the country. Logistics guys are getting squeezed hard right now, margins are thin. Where are they finding new contracts when half the economy is offline.
FTH's up 7% today and starting to look interesting against the broader transport pack, especially if logistics demand picks up. Revenue growth trajectory puts it ahead of some peers trading at similar multiples, though the sector's still fighting headwinds from fuel costs and fre
FTH up 6.56% on what exactly, a rumour? The transport sector's logistics headwinds haven't magically disappeared and at these valuations you're pricing in a recovery that may take years to materialise, if it comes at all.
frontier moving steady at r6.50, logistics play in sa is actually solid if you're not sweating the load shedding noise. compare that to other transport stocks and the dividend yield starts looking interesting for a 5 year hold ngl
FTH sitting at R6.50 is interesting if you believe SA logistics gets a bit of a lift when the economy stops being so sluggish. Transport stocks tend to move with GDP so if we get some stability on load shedding and freight volumes pick up, there's room to run. Been holding a small parcel, reckon it's more of a patient play than a quick flip though.
FTH sitting at R6.50 and honestly transport logistics is gonna do well once we sort load-shedding out, companies need their stuff moved. Been holding since R5.80 and the dividend yield ain't terrible either if they keep paying. Reckon we're early on this one compared to Grindrod and the rest of them.
FTH's logistics book is decent but the rand weakness is actually helping here, heavier USD exposure on contracts than most people realise. If you read the MD&A properly they mention the fuel surcharge mechanism which basically means margins stay sticky even when oil moves. At R6.50 you're paying single digit PE on an asset that's actually generating cash, not many transport stocks can say that.
FTH down nearly 7% today feels like panic selling on what's likely just short-term noise. The transport logistics play has solid fundamentals and this pullback presents a decent entry point if you believe in the sector's medium-term recovery.
Current R 6,10 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.