I think I read in a previous report that they were expanding into the Ukraine. Was that happening or just a future plan? Mearly a drop in the bucket for MFT anyway but still.
Disc) Still holding
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I think I read in a previous report that they were expanding into the Ukraine. Was that happening or just a future plan? Mearly a drop in the bucket for MFT anyway but still.
Disc) Still holding
This was posted almost exactly a year ago. The price at the time was $10.45. Todays close was $14.90. That's a 43% increase in shareprice and dividends on top of that.
This stock gets very little coverage, I guess it's just not sexy enough.
Well done to all holders.
Global reach expanded = more complete product offering to customers.
Company projecting 85% of revenues to be earned outside of N.Z. by 2017.
Average EPS growth of 14% per year for the last 5 years.
Strong tailwinds from falling kiwi dollar and fuel prices.
Disc - I bought in recently.
Market doesn't seem to enthused with half year
Maybe just got ahead of itself
As man from salt says no downgrades, so no panic
http://www.4-traders.com/MAINFREIGHT...059/revisions/
Consensus view for 2015 prior to the above announcement was for 88 cps which on 99.57m shares ~$88m
Latest guidance suggests that analysts will be downgrading the stock. Current growth appears to have slowed materially from the 5 year average of 14% per annum EPS growth the company has previously enjoyed.
PT's post #422 was right....this investment isn't working for me so I'm out.
Better result than forecast. Seem to be sorting out the European side of the business
I think this will be another co posting good results.
Why, gv1? Has there been news since the March report?
Looks to me as though it's getting hammered like the rest of the markets.
Interesting to see how unhelpful (in fact, dead dodgy) the moving average crossovers have been since March.
Cheers.
No doubt the results will be good, OKish at worst
But share prices are generally driven by sentiment.
MFT could continue to grow profits but its PE might drop from close to 20 a while ago to something like 15 or if the world collapses even to 10
Isn't that process (general negative sentiment) playing out now .....PE down to 18 .....wouldn't be surprised to see MFT at $12 or less by Christmas