Satisfactory announcement
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Satisfactory announcement
I believe Peitro is referring to this http://nzx-prod-s7fsd7f98s.s3-websit...696/363902.pdf
And indeed it is, but a question of real interest goes to the numbers behind this statement "freight rates remain elevated."
DISC: Holder
The main words seem to be "elevated" and "satisfactory" and reading the report, I think those words describe yet another spectacular period quite nicely.
The staggering growth continues and for interest, we are seeing:
# new warehouses being built in Auckland, Hamilton, Perth, Melbourne, Adelaide, Sydney, on the lookout for a position in Brisbane, new branch starting in Jakarta, new larger sites in LA and Newark.
Finally the new branches in Dallas, LeHigh Valley(Pennsylvania) and Toronto are already performing satisfactorily. Not much to complain about in this update.
Can one of you more educated please help me with the PE ratio (assumed $90 sp)
Annualised npbt = 446 (assumed 10 months reported today)
Npat 321
EPS 3.2
PE 28.2
Elevated freight rates and supply constraints go hand in hand and lead to inflation and higher interest rates. People worry about higher interest rates and the share price goes down. MFT are making truck-loads of money off supply constraints but that might not last because eventually the supply constraint problem will be solved, so, something else to worry about? People worry too much. They are making truck-loads of money, all is good.