Mainfreight raved about ‘normalised’/‘normalisation’ in their report yesterday
Yes F24 is returning to normalised levels
Bit spooky but no worries
Printable View
Mainfreight raved about ‘normalised’/‘normalisation’ in their report yesterday
Yes F24 is returning to normalised levels
Bit spooky but no worries
Reported Operating Cash Flow was $186m …take off $81m of lease/rent and it was really only $105m
Spent $127m on capex
Free Cash Flow thus -$22m
Didn’t stop them paying out $88m in dividends
Jarden clients were net sellers last week ……#6 on their top sellers list
MFT share price still some way below 200MA ……time to be buying they say even though it hasn’t broken free of the current downtrend
First Baby Step was going over 30DSMA ...cud not do that for last 4 months ...rest will follow or not only time will tell ...can return to shell by dropping below 30DSMA but still its encouraging . When u are invested forever then hardly matters its now or after 6 months ...as long as u have faith in the company and their credibility to implement their future plans ...so far they have done better then their plans ...so I see no reason to doubt their capability . Market is also supporting that thought .
"Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Logistics industry.
Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth."
Simply wall street's take on MFT !!