sharetrader
Page 27 of 27 FirstFirst ... 172324252627
Results 521 to 534 of 534

Thread: MFT

  1. #521
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    3,467

    Default

    Yes a surprisingly good result. I did not expect them to trade this well through this COVID pandemic but April 20 is up on the previous period.
    I do like very much how they have dealt with staff and costs. They stopped hiring, eliminated casual labour as much as possible, froze annual pay reviews, banned new hirings and temporarily halved the salary of CEO and Board. Talk about leadership by a great example.

  2. #522
    Advanced Member
    Join Date
    Sep 2009
    Posts
    1,540

    Default

    Quote Originally Posted by iceman View Post
    Yes a surprisingly good result. I did not expect them to trade this well through this COVID pandemic but April 20 is up on the previous period.
    I do like very much how they have dealt with staff and costs. They stopped hiring, eliminated casual labour as much as possible, froze annual pay reviews, banned new hirings and temporarily halved the salary of CEO and Board. Talk about leadership by a great example.
    I agree,a company worth investing in

  3. #523
    Senior Member
    Join Date
    May 2017
    Location
    Wellington
    Posts
    503

    Default

    .
    "satisfactory"

    gotta love the writing style. 'yeah, there was this virus thing that had a wee bit of an impact on us. april 2020 was a bit crap, but May's looking better. we've taken a few steps to help ourselves, nothing to write home about really'

    Might have used the word 'stellar' myself...

  4. #524
    Advanced Member
    Join Date
    Sep 2009
    Posts
    1,540

    Default

    Quote Originally Posted by SylvesterCat View Post
    .
    "satisfactory"

    gotta love the writing style. 'yeah, there was this virus thing that had a wee bit of an impact on us. april 2020 was a bit crap, but May's looking better. we've taken a few steps to help ourselves, nothing to write home about really'

    Might have used the word 'stellar' myself...
    Stellar management SC most importantly

  5. #525
    Senior Member
    Join Date
    May 2018
    Posts
    539

    Default

    I have to say that spike just before the freeze caught me out. I listed mine with a couple of bucks stretch thinking we might get there tomorrow or the next day. Gone and profit banked before the close of play (maybe I should have held out for more mental debate).

  6. #526
    Advanced Member
    Join Date
    Aug 2012
    Posts
    2,285

    Default

    I see there is a disclosure that Fitts, The Europe CEO, has just bought a not insignificant 6000 more shares on market at a price of $39.99.

  7. #527
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Confined to Barracks
    Posts
    730

    Default

    Mainfreight todays biggest upward mover. Must be something they said at the Annual Bunfight.
    om mani peme hum

  8. #528
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    3,467

    Default

    Quote Originally Posted by Snow Leopard View Post
    Mainfreight todays biggest upward mover. Must be something they said at the Annual Bunfight.
    I was wondering why we saw such a jump today, the day after the AGM which was not broadcast online. Did some ST members join the meeting and care to comment ?

  9. #529
    Doggedly sniffing out more food Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    16,592

    Default

    https://www.nbr.co.nz/story/mainfrei...nding-recovery

    I don't subscribe any more as I think $35 a month is questionable value but apparently one of the brokers is really hailing their outstanding recovery.

    Disc: One of Kingfish's biggest investment positions and I have a few Kingfish warrants (KFLWF).
    Last edited by Beagle; 31-07-2020 at 06:14 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  10. #530
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    3,467

    Default

    Quote Originally Posted by Beagle View Post
    https://www.nbr.co.nz/story/mainfrei...nding-recovery

    I don't subscribe any more as I think $35 a month is questionable value but apparently one of the brokers is really hailing their outstanding recovery.

    Disc: One of Kingfish's biggest investment positions and I have a few Kingfish warrants (KFLWF).
    Same here. Did not renew my subscription so can't read it.

  11. #531
    Senior Member
    Join Date
    Dec 2019
    Posts
    619

    Default

    Lol i'm seeing a trend in people not renewing their NBR membership. I found they had 1 or 2 extremely good articles and the rest useless. How sad.

    I've subscribed to nzherald premium.. regretting it too

  12. #532
    Junior Member
    Join Date
    Apr 2020
    Location
    Epsom
    Posts
    1

    Default

    Get the app version of NBR for $15. Marginal value but better than the Herald so called Premium which is laughable.

  13. #533
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,256

    Default

    Quote Originally Posted by Snow Leopard View Post
    Mainfreight todays biggest upward mover. Must be something they said at the Annual Bunfight.
    Might be because of the much improved performance of their Aust division.

  14. #534
    Member
    Join Date
    Feb 2009
    Location
    Wellington
    Posts
    284

    Default

    Quote Originally Posted by macduffy View Post
    Might be because of the much improved performance of their Aust division.
    Are these figures old news? I am a bit too tired tonight to look it up.


    Mainfreight’s trading figures for the 17 weeks from April 1 to July 26 showed pre-tax profit of $53.2 million, up from $44.2m for the same period a year earlier.

    Revenue rose 8% to $1.19 billion.

    According to its trading update, the biggest revenue gains were in Australia and Asia, up 13% to $287.9m and up 41% to $51.8m respectively.

    Profitability in Australia gained 167% for a pre-tax profit of $17.9m for the period.

    Bowley said an key profit driver was Australia, “where robust revenue growth and very impressive margin expansion is evident”.
    Bowley said Mainfreight’s “ability to gain strength from adversity is an exception in its industry”.

    He upgraded his full year underlying net profit forecast to $167.6m, from the previous forecast of $124m.
    Last edited by longy; 31-07-2020 at 11:04 PM.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •