The state of the economy at the street level

[Dona Ferentes]

Don Watson Transport, one of the country’s leading refrigerated logistics operations, announced late last week it would make its final collections on 09 June before its final deliveries.

The Victorian-founded company had 300 staff and also ran a coldstores business in Sydney, Wodonga and Melbourne, which are due to be put up for sale.

“All employees (that are made redundant) will receive all of their entitlements in full in accordance with the terms of relevant legislation and enterprise agreements.”

The company’s 140 trucks and 170 trailers trucks would be sold in an “orderly fashion”, the memo stated.
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a decent family run - 77 years - business

 

[Garpal Gumnut]

Don Watson Transport, one of the country’s leading refrigerated logistics operations, announced late last week it would make its final collections on 09 June before its final deliveries.

The Victorian-founded company had 300 staff and also ran a coldstores business in Sydney, Wodonga and Melbourne, which are due to be put up for sale.

“All employees (that are made redundant) will receive all of their entitlements in full in accordance with the terms of relevant legislation and enterprise agreements.”

The company’s 140 trucks and 170 trailers trucks would be sold in an “orderly fashion”, the memo stated.
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a decent family run - 77 years - business

They will be missed. they mentioned one of the reasons their breakeven profit this year and significant loss last year was the distinct decrease in goods going to supermarkets affecting all truck businesses. Is this a canary for WOW and COL.

gg

 

[divs4ever]

Don Watson Transport, one of the country’s leading refrigerated logistics operations, announced late last week it would make its final collections on 09 June before its final deliveries.

The Victorian-founded company had 300 staff and also ran a coldstores business in Sydney, Wodonga and Melbourne, which are due to be put up for sale.

“All employees (that are made redundant) will receive all of their entitlements in full in accordance with the terms of relevant legislation and enterprise agreements.”

The company’s 140 trucks and 170 trailers trucks would be sold in an “orderly fashion”, the memo stated.
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a decent family run - 77 years - business

thanks for the heads up

i will be watching to see if LAU ( i hold LAU 'free-carried' ) buys this ( the more likely buyer ) or maybe KSC ( i hold KSC ) puts in an offer

 

[divs4ever]

They will be missed. they mentioned one of the reasons their breakeven profit this year and significant loss last year was the distinct decrease in goods going to supermarkets affecting all truck businesses. Is this a canary for WOW and COL.

gg

more likely WOW and COL ( i hold both ) sucked the profit out of the transport company

 

[Dona Ferentes]

more likely WOW and COL ( i hold both ) sucked the profit out of the transport company

then why do you hold LAU free carried or KSC held if they're so whatever.

EDIT ... Incidentally , don't reply. your commentary is nonsensical

 

[divs4ever]

then why do you hold LAU free carried or KSC held if they're so whatever.

EDIT ... Incidentally , don't reply. your commentary is nonsensical

probably because both pay ( fairly ) regular dividends ( and franking ) and a little capital gain , LAU up 74% , currently and KSC up 150% currently


LAU

Dividend Type	Dividend Amount ($)	Franked	Ex-Div Date	Pay Date
Interim	0.023	100.00%	03/04/2025	17/04/2025
Final	0.028	100.00%	27/09/2024	11/10/2024
Interim	0.021	100.00%	04/04/2024	19/04/2024
Final	0.030	100.00%	21/09/2023	06/10/2023
Interim	0.019	0.00%	30/03/2023	14/04/2023
Final	0.018	0.00%	21/09/2022	07/10/2022
Interim	0.014	0.00%	24/03/2022	08/04/2022
Final	0.005	0.00%	23/09/2021	08/10/2021
Interim	0.012	100.00%	25/03/2021	09/04/2021
Final	0.005	100.00%	24/09/2020	09/10/2020
Interim	0.010	100.00%	26/03/2020	09/04/2020

KSC

Dividend Type	Dividend Amount ($)	Franked	Ex-Div Date	Pay Date
Interim	0.080	100.00%	20/03/2025	03/04/2025
Final	0.080	100.00%	17/10/2024	04/11/2024
Interim	0.100	100.00%	21/03/2024	03/04/2024
Final	0.080	100.00%	18/10/2023	03/11/2023
Interim	0.100	100.00%	21/03/2023	03/04/2023
Final	0.050	100.00%	18/10/2022	03/11/2022
Interim	0.045	100.00%	21/03/2022	01/04/2022
Final	0.035	100.00%	18/10/2021	03/11/2021
Interim	0.030	100.00%	19/03/2021	01/04/2021
Final	0.030	100.00%	19/10/2020	03/11/2020
Interim	0.020	100.00%	20/03/2020	03/04/2020

nothing exciting happening here ( according to the fund managers )

 

[Dona Ferentes]

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EDIT ... Incidentally , don't reply. your commentary is nonsensical

As stated earlier, your commentary is nonsensical.

Back on Ignore. Have a nice life.

 

[Dona Ferentes]

...The second-largest expense category is health, which involves hospital services and community health services.

The third-largest expense is education, both school and tertiary. That’s followed by ‘general public services’, encompassing debt transactions and interest costs, and then public safety and defence.

Now, it’s hard to see the growth in the four largest expense categories decreasing much. An ageing population means more money going towards Aged Care and hospitals. NDIS seems to have a life of its own and while growth may slow, it’s an expense that almost certainly won’t go down. Meanwhile, education costs continue to increase well above the inflation rate and there’s no sign of that slowing down.

and then there's Defense

 

[qldfrog]

View attachment 201390

...The second-largest expense category is health, which involves hospital services and community health services.

The third-largest expense is education, both school and tertiary. That’s followed by ‘general public services’, encompassing debt transactions and interest costs, and then public safety and defence.

Now, it’s hard to see the growth in the four largest expense categories decreasing much. An ageing population means more money going towards Aged Care and hospitals. NDIS seems to have a life of its own and while growth may slow, it’s an expense that almost certainly won’t go down. Meanwhile, education costs continue to increase well above the inflation rate and there’s no sign of that slowing down.

and then there's Defense

And as all this is based on borrowing more anf more, as in Victoria or the USA, we will see ' general public services' for interest paid grow from 10 to 20% until it becomes the main expense...

 

[qldfrog]

We need a Doge https://www.afr.com/politics/federa...s-driving-higher-autism-rates-20250615-p5m7hk

 

[rcw1]

We need a Doge https://www.afr.com/politics/federa...s-driving-higher-autism-rates-20250615-p5m7hk

https://doge.gov/savings

ha ha ha ha

 

[qldfrog]

And look at the figures in these.
Only our eyes to cry

Australia is a R&D wasteland

Australia’s annual R&D spending has also fallen to only 1.68% of GDP, well below the OECD average (3%) and the lowest among developed nations. As a result, the Albanese government has launched a review into Australia’s R&D, which is analysed below by independent commentator and MB Subscriber...

www.macrobusiness.com.au

 

[divs4ever]

*** How do you kick-start R&D against that kind of indolence? ***

come up with a good idea that catches investor interest for a start

next cull projects that keep on improving/developing despite not yet having a commercial product that is make something the customer will BUY first and improve it using the resulting profits in newer versions

 

[Dona Ferentes]

The chief executive of Nyrstar Australia says the metal processor urgently needs to secure a government rescue package to ensure a future for its loss-making smelters in South Australia and Tasmania as the company’s Swiss owner weighs whether to close the plants within weeks.

Matt Howell, who took over as chief executive of Nyrstar Australia in January, has been locked in talks with the federal, South Australian and Tasmanian governments for months on assistance. The three governments are now close to a deal, with an outcome expected as early as this week...

Hundreds of millions of dollars are required for the rebuild of the Port Pirie smelter in SA, while a $400 million upgrade is needed at the Nyrstar smelter near Hobart. That plant had already secured $70 million of funding from the federal and Tasmanian governments, but work on that project was put on hold by the company late last year due to rising costs.

 

[Smurf1976]

The chief executive of Nyrstar Australia says the metal processor urgently needs to secure a government rescue package to ensure a future for its loss-making smelters in South Australia and Tasmania as the company’s Swiss owner weighs whether to close the plants within weeks.

Big problem there is a certain other country importing Australian ore and smelting it at a loss, making it extremely difficult for anyone to compete and depriving Australian smelters of an ore supply (and driving up the cost of what they can obtain).

 

[qldfrog]

Big problem there is a certain other country importing Australian ore and smelting it at a loss, making it extremely difficult for anyone to compete and depriving Australian smelters of an ore supply (and driving up the cost of what they can obtain).

Indeed but smelter means heat, a lot of it (pun intended), which means energy..and cost of energy is now over the roof here including for industry

 

[qldfrog]

And while it could be in the real estate thread

https://www.news.com.au/finance/real-estate/buying/construction-times-for-houses-have-grown-by-50-per-cent-in-the-last-decade-building-costs-53-per-cent-more-expensive-ipa-finds/news-story/c1f6a56269fa4526439602ac1e5d310c

Collapsing productivity ...
This is affecting every Australian.

 

[sptrawler]

And while it could be in the real estate thread

https://www.news.com.au/finance/real-estate/buying/construction-times-for-houses-have-grown-by-50-per-cent-in-the-last-decade-building-costs-53-per-cent-more-expensive-ipa-finds/news-story/c1f6a56269fa4526439602ac1e5d310c

Collapsing productivity ...
This is affecting every Australian.

I've just been to Namibia and the difference between Namibia in 2012, when I was last there and now is chalk and cheese.

Unbeliveable the the infrastructure and property improvements.
I casually asked the locals what has driven the change, they all said, oil discoveries, mineral exports and Chinese investment.

Australia may be in for a huge shock, in the not too distant future, which probably isn't before time, when you consider we are sliding down every indicator of the industrialisation index.

Meanwhile we focus on Donald, well I guess that saves us taking stock of our own situation. Lol

 

[qldfrog]

I've just been to Namibia and the difference between Namibia in 2012, when I was last there and now is chalk and cheese.

Unbeliveable the the infrastructure and property improvements.
I casually asked the locals what has driven the change, they all said, oil discoveries, mineral exports and Chinese investment.

Australia may be in for a huge shock, in the not too distant future, which probably isn't before time, when you consider we are sliding down every indicator of the industrialisation index.

Meanwhile we focus on Donald, well I guess that saves us taking stock of our own situation. Lol

You mean like that: https://discoveryalert.com.au/news/chinese-demand-guinea-bauxite-exports-2025/
No market cares about our self entitled net zero and 6 figures salary, the market is still there and plenty of mining fishes in the world

 

[frugal.rock]

regarding ' cheap b@stard ' i prefer frugal .. ( less keystrokes ! )

You rang?