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  1. #521
    Dilettante
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    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
    Guru
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    Sep 2009
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    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
    CEO, NZ Shareholders Association
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    May 2017
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    Wellington
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    593

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    .
    "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
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    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
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    710

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    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
    Guru
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    Aug 2012
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    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
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    Mainfreight todays biggest upward mover. Must be something they said at the Annual Bunfight.
    om mani peme hum

  8. #528
    Dilettante
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    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
    ShareTrader Legend Beagle's Avatar
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    Jul 2010
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    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 05:14 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  10. #530
    Dilettante
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    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.

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