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A lot of emphasis will be on Parcel freight but will a new and inexperienced management team be able to deliver the growth experienced before it. The market is certainly available to drive that growth with the primary competitor in turmoil and other carriers exiting from over sized freight
Good results and an interesting collaboration with Amazon on Pass-my-Parcel service. Stock very cheap indeed on 7.0% yield on increased divident, 7.5x statutory EPS. Singificant valuation upside- fair value in the 200-220p range.
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