bizarre stance from AZJ to buy back- market didnt like the...

First 4 Last

Share
Profile

Follow
PJL100

1,235 Posts.

201

12/08/24

10:20

Post #: 75165081
Share

Originally posted by Hopeful9: ↑

Overall a pleasing result, despite 'Mr Market' sending the shares down A$0.18 to A$3.44 by 1002 AEST, with coal volumes slightly increasing and a good result in WACC.

The number of TEUs (6.1 metre container 'equivalent') carried by rail increased to 159,000 in FY 24, up 64 per cent.

AZJ however lost $63 million on this volume-sensitive business that is heavily dependent on the state of the economy. With union-favouring Albanese and Chalmers in charge, don't expect this to quickly improve!

MIN's forthcoming cessation of some operations in Western Australia isn't helpful to AZJ's performance in WA Bulk as it calls that operational segment, but that can't be helped. Generally AZJ seems to be winning slightly more contracts than it's losing or seeing end.

As a YAL sharehoilder, interesting to see that AZJ has a further 10-year agreement commencing in July 2024.

I didn't know AZJ had commenced small-scale trials of hauling imported motor vehicles by rail from Darwin. While it'd be best to find out from shipper lines what they thought of this, there are many delays at Australia's east coast ports of Melbourne, Sydney and Brisbane so perhaps car carrier ships may operate more efficiently if one or two were to call at Darwin only, reducing turnaround times on ex-Asia voyages.

Expand

bizarre stance from AZJ to buy back- market didnt like the dividend as well- but thought overall not bad considering what some analysts were saying.......

AZJ Price at posting: $3.44 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $3.16		Change 0.015(0.48%)		Mkt cap ! $5.513B

Open	High	Low	Value	Volume
$3.16	$3.17	$3.12	$4.370M	1.389M

Buyers (Bids)

No.	Vol.	Price($)
54	82460	$3.15

Sellers (Offers)

Price($)	Vol.	No.
$3.16	124294	82

View Market Depth

No.	Vol.	Price($)
50	71028	3.150
27	224018	3.140
19	242624	3.130
31	312356	3.120
16	120442	3.110

Price($)	Vol.	No.
3.160	123827	77
3.170	248970	41
3.180	213173	21
3.190	324196	20
3.200	135818	21

Last trade - 13.11pm 04/07/2025 (20 minute delay)

AZJ (ASX) Chart

bizarre stance from AZJ to buy back- market didnt like the...

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Kula picks up unexplored niobium play in Malawi, with surface samples logged

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

bizarre stance from AZJ to buy back- market didnt like the...

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Kula picks up unexplored niobium play in Malawi, with surface samples logged

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News