MFT - Mainfreight. Global Freight & Logistics

[Peitro]

Quick questions for those that are more in the know than me.

If MFT repeats its performance, zero growth.

Will bonuses invested in staff drop materially ($50M) resulting in a ($50M) increase in NP?

I don't believe zero or negative growth is possible, just thinking that the shareholders have effectively paid a one off step for the growth that has been achieved

[BlackPeter]

Quick questions for those that are more in the know than me.

If MFT repeats its performance, zero growth.

Will bonuses invested in staff drop materially ($50M) resulting in a ($50M) increase in NP?

I don't believe zero or negative growth is possible, just thinking that the shareholders have effectively paid a one off step for the growth that has been achieved

Hmm - you seem to operate on a total different wavelength than Mainfreight.

Shareholders (well, the board guided by an outstanding CEO) expressed with the last staff bonus their gratitude to a staff which achieved an amazing (Oops - satisfying) result under extremely difficult conditions.

I don't think that the majority of the bonus last time was subject to any growth conditions ... and I expect management to do this time as well the right thing - pay a bonus in their discretion if & where appropriate.

[Rawz]

MFT employee expense bill will always be higher than the previous year. (That’s a guess, I actually don’t know for sure, historically speaking.)

Simply because of wage inflation and the fact MFT is always expanding.

[Peitro]

"First 16 weeks’ performance pleasing"

Pleasing!

That is an upgrade and a half from satisfactory!

[alokdhir]

"First 16 weeks’ performance pleasing"

Pleasing!

That is an upgrade and a half from satisfactory!

PBT in 16 weeks up 82.9% ....thats Super Satisfactory !!!

MFT is the star of the day and of my portfolio too !!!

[winner69]

PBT in 16 weeks up 82.9% ....thats Super Satisfactory !!!

MFT is the star of the day and of my portfolio too !!!

Jeez keep that +83% up they will making about $650m or $6.40 per share

At $75.50 that puts them on a PE less than 12 ....jeez jeez

Why isn't MFT over 100 bucks ...today

[alokdhir]

Jeez keep that +83% up they will making about $650m or $6.40 per share

At $75.50 that puts them on a PE less than 12 ....jeez jeez

Why isn't MFT over 100 bucks ...today

All are not as smart as u ...so they will take their time to decipher that ...lol

But they also sounded slowing economies will hinder growth but will ease pressures too by less congestions etc

From their update its not looking any slowdown anywhere YET ...so front loading further hikes on cards ...then 3-6 months to see its effects

I think MFT will end up with final EPS of $ 4.25 or more ...still it should be $ 100 in 6 months time ...

[mikelee]

Hope you're right buddy, I'm still trying to break even from the $96+ that I paid for not that long ago.

[alokdhir]

After some more study of data of last year's trading update and final results ...it was up 97 % at AGM update of 17 weeks which translated to full year PBT growth of 86.5% .....This year's AGM update of 16 weeks is up 83% ....if rest all equal should translate to full year PBT growth of 70%

That will be astounding growth from new markets and new customers !!!

[iceman]

After some more study of data of last year's trading update and final results ...it was up 97 % at AGM update of 17 weeks which translated to full year PBT growth of 86.5% .....This year's AGM update of 16 weeks is up 83% ....if rest all equal should translate to full year PBT growth of 70%

That will be astounding growth from new markets and new customers !!!

They just keep on delivering these astonishing numbers. I don't think the slowing economies around the World will have much negative effect on MFT as it will ease congestion and allow MFT to provide a quicker service. The CAPEX and growth around the World with new warehouses will ensure ongoing fast growth, like we've seen this year with the "Americas".
One of NZ's best companies without a doubt.