MFT - Mainfreight. Global Freight & Logistics

[BlackPeter]

Yes, hopefully there are better opportunities to come. But, I think it is useful to try to understand what is actually happening and why and therefore which shares are possibly being relatively mis-priced.

Absolutely. Think about what people want and need, even or particularly during any potential lock down - and access to medication, food, information, electricity and other essentials is probably at the top of the list.

Companies providing above (or are part of the required supply / transport chain) are likely to do well.

[Snow Leopard]

Mainfreight todays biggest upward mover. Must be something they said at the Annual Bunfight.

[iceman]

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 ?

[macduffy]

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.

[longy]

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.

[jimdog31]

This stock just goes from strength to strength. Anybody have a view on what they think the DCF value of this share is?

[peat]

This stock just goes from strength to strength. Anybody have a view on what they think the DCF value of this share is?

Shareclarity say $31.61 making their value gap = -33%.

So. overvalued they say....

[jimdog31]

Shareclarity say $31.61 making their value gap = -33%.

So. overvalued they say....

Thanks Peat - do you agree?