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Thread: MFT

  1. #481
    Reincarnated Panthera Snow Leopard's Avatar
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    Occaisionally I get PM's about some detail of my posts but even I have been surprised by requests to explain the bolded bit below:

    Quote Originally Posted by Snow Leopard View Post
    Nearly 15 years ago, 5th post in on this thread is me admitting to owning some MFT.
    As I recall I was poor in those days...
    By several posters.


    So think of me, in my Greek rental with a nice greek red wine in one hand and as the sun sets on a warm cloudless evening writing the post when this pops into my mind:



    Hopefully further explanation will be unnecessary.
    om mani peme hum

  2. #482
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    Quote Originally Posted by Snow Leopard View Post
    The SP has gone from $2.16 to $2.35 since Xmas and we have bids at $2.37 and sellers want $2.60 [:0]

    The third quarter has just ended and I have a suspicion that some know that the future is looking bright. I have had a target price of $2.50 for the end of year announcement (late May) based upon a NPAT for Mainfreight/Owens of $10M (MFT $12M, OWN -$2M), this would give a P/E of 24. I await the quarter results announcement to update the figures.
    Looking forward to the 2005-6 year then I am expecting a significant improvement on the NPAT, the SP to rise well above the market average, but the P/E to come back to something more realistic.

    It's looking good [8D]
    Wow PE 24 back then! That was expensive

  3. #483
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by kiora View Post
    Wow PE 24 back then! That was expensive
    You learn a lot over the years and I never bother with P/E ratios these days, whether they be current, historic or predicted future.

    Current value based on the predicted future performance of the company is a lot more fun to work out.

    I seem to recall I had dreams of it getting to $5 a share with five years then. But it hit $8 even quicker than that.
    om mani peme hum

  4. #484
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    Quote Originally Posted by Snow Leopard View Post
    You learn a lot over the years and I never bother with P/E ratios these days, whether they be current, historic or predicted future.

    Current value based on the predicted future performance of the company is a lot more fun to work out.

    I seem to recall I had dreams of it getting to $5 a share with five years then. But it hit $8 even quicker than that.
    Would you mind to tell a bit more of what you look for then ?. Thanks.

  5. #485
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    on fire again!

  6. #486
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    I wouldn't be surprised if these guys face a few headwinds over the medium term with global and domestic outlook, it could be a good opportunity to buy if price comes back.

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