MFT - Mainfreight. Global Freight & Logistics

[alokdhir]

W69 ....SP moving towards 200 DSMA ...already over 200DEMA ....soon your short term golden cross will come ...if this momentum carries on ..

So buying in downtrend can also work ...if the company is right ...U bought ...so when to use TA and when not is also an wisdom and art !!

[Rawz]

W69 ....SP moving towards 200 DSMA ...already over 200DEMA ....soon your short term golden cross will come ...if this momentum carries on ..

So buying in downtrend can also work ...if the company is right ...U bought ...so when to use TA and when not is also a wisdom and art !!

Remember when I kept banging on about always good buying MFT under the long run 200dma. Only happened twice before this recent one. Still even now good buying…

[alokdhir]

Remember when I kept banging on about always good buying MFT under the long run 200dma. Only happened twice before this recent one. Still even now good buying…

Yes ...it works like charm for evergreen long term blue chips ...when they give rare great opportunities ...then they are most down from 200 DSMA

W69 called it perfectly that bottom will be close to $ 55 and it was bang on ...for me anything below $ 60 ...especially strong support of $ 57 was best buy time

[alokdhir]

I hope W69 is happy that finally SP closed over 200DSMA after sooo long ...uptrend should be CONFIRMED now ??

[alokdhir]

CUM 85 Cents fully imputed dividend today ...tmrw it goes ex ...maybe thats the buzz ...cant be its too small to entice dividend hunters

I believe FB has come out with some very positive report and they consider it as bluest of the blue chip on NZX

https://www.tradingview.com/symbols/NZX-MFT/technicals/

Cant get better technically !! W69 pls

[alokdhir]

its very possible that MFT is the most common pick in the Broker's picks coming out this weekend ...many maybe already in the know pre print

PS : Its way underperforming its US peer JBHT ...3% vs 15% YTD

[Muse]

its very possible that MFT is the most common pick in the Broker's picks coming out this weekend ...many maybe already in the know pre print

PS : Its way underperforming its US peer JBHT ...3% vs 15% YTD

DSV and Kuhne & Nagel are good ones to watch

Not au fait w/ the seasonality of freight rates but good to see an increase in container and air rates (freightos). Global container index on 20 october 2023 was $1,048 - up to $1,281 last week. Imagine we will see more of a lift w/ what is happening with major freight liners now avoiding the red sea (missile/drone attacks). Air freight up 23% over that period as well.

[winner69]

Suppose this news and reports of sky rocketing freight rates is good news for Mainfreight ….and bad news for the likes of retailers

Bloomberg reports that 180 container ships that were set to sail through the Red Sea and Suez Canal were either re-routed or stopped and told to wait for instructions.

[alokdhir]

Suppose this news and reports of sky rocketing freight rates is good news for Mainfreight ….and bad news for the likes of retailers

Bloomberg reports that 180 container ships that were set to sail through the Red Sea and Suez Canal were either re-routed or stopped and told to wait for instructions.

Heard on CNBC today that Container rates from China to east coast up from $ 2400 to $ 10,000 because of extra time and cost of avoiding Red Sea ...but it should be very short term imo ...as if it starts fuelling inflation in US then they can post their navy assets there for safety of ships ...but surely will perk up MFT revenues in the meanwhile ...politics will play a big part ...election year and its politics will decide the best way around it ...like u cant fight the FED ...similarly be aligned with election year politics for financial welfare ...

[winner69]

Heard on CNBC today that Container rates from China to east coast up from $ 2400 to $ 10,000 because of extra time and cost of avoiding Red Sea ...but it should be very short term imo ...as if it starts fuelling inflation in US then they can post their navy assets there for safety of ships ...but surely will perk up MFT revenues in the meanwhile ...politics will play a big part ...election year and its politics will decide the best way around it ...like u cant fight the FED ...similarly be aligned with election year politics for financial welfare ...

And Panama Canal is a bit dry and shipping restricted

WSJ reckons sail boats are the future