MFT - Mainfreight. Global Freight & Logistics

[Biscuit]

Have you? Has anybody?

Ah, Enron? Oh no, wait

[alokdhir]

MFT still pretty cheap in big picture of things


Share price could even hit 100 bucks by the end of the year

Being a holder of MFT / FPH since 2013 in equal proportions ....I have seen both doing well in turns but MFT is more steady and stable performer ...where as FPH moves a lot but FPH business is more secure and hard to replicate . MFT is based on quality of its management and their very stable deliverance of growth and profits while implementing or adding new geographies . Covid has helped both as it separated men from boys

MFT at $ 100 possible by year end IMHO

PS : FPH will always command higher multiples then MFT because of niche sector and hard to replicate business model ( More high tech and R&D ...patents and IP wealth )

[macduffy]

MFT at $ 100 possible by year end IMHO

Doesn't hurt to talk it up ? Or is this classed as ramping?

[Sideshow Bob]

Doesn't hurt to talk it up ? Or is this classed as ramping?

Maybe why the price has gone up 1% today!

Market cap only needs to go up another $2.4 billion for todays levels.....in the next 7 months.

Mind you, stranger things have happened.

[winner69]

75 —-> 76 —-> 80 —-> —-> 100

No worries

[alokdhir]

75 —-> 76 —-> 80 —-> —-> 100

No worries

Already 77 ...then 81 ...to 91 ... 100 almost there ...

[alokdhir]

Record results ...big surprise on revenue side ...NP 188.11 Mil ...close to my expectations of 190 Mil ...Market was expecting 183 Mil

Market revenue expected was around 3300 Mil ...they achieved 3544 Mil ..

[Leftfield]

Being a holder of MFT / FPH since 2013 in equal proportions ....I have seen both doing well in turns but MFT is more steady and stable performer ...where as FPH moves a lot but FPH business is more secure and hard to replicate . MFT is based on quality of its management and their very stable deliverance of growth and profits while implementing or adding new geographies . Covid has helped both as it separated men from boys

MFT at $ 100 possible by year end IMHO

PS : FPH will always command higher multiples then MFT because of niche sector and hard to replicate business model ( More high tech and R&D ...patents and IP wealth )

Well done..... you can't beat quality!

[porkandpuha]

Record results ...big surprise on revenue side ...NP 188.11 Mil ...close to my expectations of 190 Mil ...Market was expecting 183 Mil

Market revenue expected was around 3300 Mil ...they achieved 3544 Mil ..

Forbar preview yesterday estimated 190.5m but close enough. Nice result either way

[Biscuit]

Well done..... you can't beat quality!

Too true, my biggest NZX holding. Good result, profit before tax up up 27%, even Mainfreight management seem to think it is satisfactory:

"... we are bloody proud of our people who have delivered this record result..."