Welllll that was the highest price it ever got to. I'm not sure you are going to get to that again in the near future.
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Bad luck if that was your only buy of MFT, to happen to be at the very top ever when condtiions for the business were extremely favourable and it had run ahead of itself. But I think long term investments on the NZX don't come much better than MFT and I am speaking from experience. A well run company with a significant international footprint in an industry it knows well.
https://www.google.com/search?q=mft+...hrome&ie=UTF-8
Just bad timing mate. MFT was heading towards $100 and the commentators were raving how proud they should be when they become a $100 share on the NZX
About the same time the other highflier in FPH was about $35 ..and has moved since in tandem with MFT
You know what will happen if you lose patience and sell now eh …but don’t take my advice
As it happens, MFT pretty much did get to $100.
$99.78 on 1st Sept, 2021 to be precise.
Funny how those key round numbers end up being big physiological magnets for market participants, with the SP often marginally exceeding or missing the Bulls Eye.
With consensus of $ 2.80 / $ 3.20 / $ 3.80 for next few years and also with the past record of MFT outperforming consensus ...Bullish times ahead
In next few years $ 100 will be conquered easily
FP report citing lack of negative trading update pointing to they meeting or exceeding market expectation is big bullish sign to get in before it jumps again after yearly results
Hey alokdhir ….you worry me when you go on a ramping spree like this morning
Makes me ask myself ‘what’s up, why is alokdhir doing this’
Minding you I’m ramping thl eh so can’t talk
https://www.nzx.com/announcements/431909
Shud help ...pretty reasonable results compared to what most were expecting ...they did increase PBT by $ 395.4 - 174.8 = 220.6 ie $ 45.8 increase over last half
Better then at least + $ 40 mil FB was looking for ...
Also shows improvement over last half ...maybe seasonal impact helped too !!
Nothing spectacular but pretty reasonable under difficult times and conditions ...
PS : Outlook is mixed but satisfactory for main markets like NZ / AUS ...so here also nothing to complain or SELL ...lol
Agree. I always like their reports. Not afraid to use "unsatisfactory" without any BS when they feel they should have done better. Despite the huge downturn after the 2 extraordinary years, we still made operating cashflows on $ 501 M, despite huge investments across the globe.
This business, despite dropping significantly from last 2 years highs, is growing at a decent rate.
As they say in the report "Despite these challenges, the peak freight congestion of 2022/2023 has provided a period of significant growth, new customers, and improvements for our business. The results of 2024 surpass the results of 2021 by a significant quantum."
Dividend same as last year and the business remains strong, despite the poor performance in USA & Europe.
A happy holder