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  1. #441
    IMO
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    Always appreciate your insights forest.

  2. #442
    CEO, NZ Shareholders Association
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    May 2017
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    Wellington
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    Thanks forest...great insight. Appreciated.

  3. #443
    Senior Member
    Join Date
    Jan 2015
    Posts
    512

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    What happen at the end of day for mft today? Not complaining tho

  4. #444
    Aspiring to be an Awesome Bear
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    May 2016
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    I am surprised to see MFT dipping down, I thought it would go the other way

  5. #445
    Senior Member hardt's Avatar
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    Apr 2017
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    In a bubble
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    726

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    Quote Originally Posted by RupertBear View Post
    I am surprised to see MFT dipping down, I thought it would go the other way
    Trucking lobby were all over Nationals plan for better roads, Labour is feeding rail freight a big juicy bone by diverting billions of dollars from roading and into Rail.

    And there are plenty MFT warehousing staff earning minimum wage...

  6. #446
    Member
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    Jul 2016
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    33

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    Quote Originally Posted by RupertBear View Post
    I am surprised to see MFT dipping down, I thought it would go the other way
    What made you think it would go the other way?

  7. #447
    Aspiring to be an Awesome Bear
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    Quote Originally Posted by Harley View Post
    What made you think it would go the other way?
    Well my simplistic view was that it is a global company and it will benefit from a lower NZ dollar. Also Craigs have it listed as a potential winner under the new government. But the points raised by hardt make sense as well.

  8. #448
    CEO, NZ Shareholders Association
    Join Date
    May 2017
    Location
    Wellington
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    593

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    Hmmm...big drop today, now nearly $2 down on its peak.
    Australia not going as well as anticipated...???

  9. #449
    CEO, NZ Shareholders Association
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    May 2017
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    Wellington
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    Quote Originally Posted by SylvesterCat View Post
    Hmmm...big drop today, now nearly $2 down on its peak.
    Australia not going as well as anticipated...???
    Looks like Asia & US is the drag...wonder how the slightly reduced 1H result (vs expectations) will impact full year outlook...

  10. #450
    Member tobo's Avatar
    Join Date
    Apr 2007
    Location
    Auckland, NZ
    Posts
    451

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    MFT.JPG
    Decline was on decent volumes, but volumes much less now.
    Far below 30 and 60 day MAs but RSI not actually below 20%, so is it going to stop declining?

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