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Move Logistics Group Ltd ASX:MOV

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

202420252026

30 Sep 2023 to today

Commentary Showing 2 of 8

DateManagerActionSummary

15 Oct 2026Naos Asset ManagementHeldNAOS Asset Management continues to hold Move Logistics (ASX:MOV), a New Zealand freight company that CIO Sebastian Evans ranks second or third in a market led by Mainfreight. NAOS notes Move Logistics was built by its founder but has struggled to integrate acquisitions. Evans believes it is probably the most undervalued stock in the portfolio, while acknowledging it also carries the highest level of risk, which he considers consistent with that valuation opportunity.

TurnaroundArticle

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31 Dec 2025Naos Asset ManagementHeldNaos Asset Management continues to hold Move Logistics Group Ltd because the fund believes the company remains on track to return to profitability in FY26, supported by Q1 FY26 loss narrowing by 68% year-on-year, cost-saving initiatives, and the expectation that Q2 and Q4 — historically the strongest quarters — will drive the business back to sustainable profitability. Naos Asset Management notes that the New Zealand economy has faced two consecutive years of negative growth, excess transport capacity post-COVID is gradually reducing as smaller operators cease trading, and any meaningful demand recovery from improving interest-rate-sensitive sectors such as construction and retail is likely to have a pronounced positive impact on MOV's earnings. Even following a more than 35% recent share price rise, the fund views the market capitalisation of approximately NZD $33 million as ascribing only minimal probability to the company generating sustainable NPAT in excess of NZD $10 million.

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First mention by manager

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Price at first mentionThe share price recorded when each of 1 managers first commented on MOV.

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About Move Logistics Group Ltd

Industrials, Road and Rail

MOVe Logistics (ASX:MOV) is a New Zealand freight and logistics company held by NAOS Asset Management as a turnaround investment. In December 2025, NAOS investment team members travelled to New Zealand to attend MOVe's annual general meeting and meet with its leadership, as the company released a first-quarter FY26 trading update. NAOS noted the first quarter is typically MOVe's weakest due to seasonality, and continues to monitor the business as it recovers from a difficult period under a new chief executive. MOVe Logistics operates in the Industrials sector within the Road and Rail industry, and Thesis Tracker has captured 7 comments from 1 fund manager, NAOS Asset Management. Headquartered in New Plymouth, MOVe Logistics provides road freight, warehousing, specialist heavy haulage, international freight forwarding and energy and fuel transport services across New Zealand.

Market cap: $22m
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%
52-week range: $0.14 to $0.29

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Move Logistics Group Ltd (ASX:MOV)?

Fund managers including Naos Asset Management and NAOS Asset Management have invested in Move Logistics Group Ltd (ASX:MOV).

What opportunities or catalysts do fund managers highlight for Move Logistics Group Ltd?

NAOS Asset Management's commentary centres on a recovery after several difficult years, with direct engagement with the leadership team and an expectation that trading improves beyond its seasonally weak first quarter.

What are the key risks to the Move Logistics Group Ltd investment thesis, according to fund managers?

NAOS notes the first quarter is MOVe's weakest because of seasonality, and the company has been through a challenging period with leadership changes, so execution of the turnaround and a soft New Zealand freight market remain key risks.

What does Move Logistics Group Ltd (ASX:MOV) do?

MOVe Logistics Group Ltd. provides comprehensive transport and warehousing services, headquartered in New Plymouth, New Zealand. Founded in 1869, the company operates through five core segments: International, focused on freight forwarding and shipping; Specialist, providing transport for oversized items; Freight and Fuel, managing nationwide general freight; Warehousing, handling supply chain capabilities; and Corporate, overseeing administrative functions. MOVe Logistics leverages regional strength to deliver integrated logistics solutions across diverse industries.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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