MFT - Mainfreight. Global Freight & Logistics

**Muse** · 28-07-2022, 10:25 PM

Originally Posted by iceman

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.

astonishing, fantastic, amazing, gobsmacking, bewildering, perplexing....so many synonyms to choose from. What a performance. I wouldn't have tipped that growth rate after dozens of guesses. Plenty of cautionary language in the presso but none the less adding customers and growing the footprint. It is amazing what a superb company, with a superb management team, with a coherent growth plan, sound capital structure can do in sublime operating conditions. It won't always be this way, but for now it is, and appropriate to stand back and be in awe of what they are achieving at this moment in time.

**kiora** · 29-07-2022, 01:28 AM

Ditto. I'm awe as well .
In spite of high fuel prices hitting it out of the park!
One of those shares I never bought because seemed to expensive ,daaa !

Interesting reviewing how they achieve this?
What is their moat?

**alokdhir** · 29-07-2022, 06:19 AM

Originally Posted by kiora

Ditto. I'm awe as well .
In spite of high fuel prices hitting it out of the park!
One of those shares I never bought because seemed to expensive ,daaa !

Interesting reviewing how they achieve this?
What is their moat?

Their biggest Moat is their execution skills ...people skills especially with staff ...so motivated that they do everything like its their own business . Vision to replicate their winning strategy in new countries one after another ...

I see them having $ 10 Billion revenue in 5 years

This year's eps targets will get upgraded soon from 3.75 to 5+ ...imo

So at forward p/e of just 30 ...which is justifiable as they growing more then 20% YOY ...1 year target should be $ 150

**Bjauck** · 29-07-2022, 06:59 AM

Originally Posted by kiora

Ditto. I'm awe as well .
In spite of high fuel prices hitting it out of the park!
One of those shares I never bought because seemed to expensive ,daaa !

Interesting reviewing how they achieve this?
What is their moat?

What a performer since their float in the late 1990's! I had thought they would be a plodding "old economy" business. Oops! At least they are a expensive company that actually turns a profit. It is not based on a wing and prayer. I have taken the risk before of buying an expensive company that had yet to be profitable....

**Peitro** · 29-07-2022, 07:35 AM

If I can accumulate a further parcel today at $75-$77 I will be very happy.

My expectations were consolidation of growth this year of ~10% NPBT @ $540M, revised now to that these ambitious bunch of so & so's could reach the $600's (which is 'only' 23% growth)

**alokdhir** · 29-07-2022, 07:56 AM

If someone suggests a stock split to them ....It will be very useful to realise its full potential for shareholders ...more retail participation ...better liquidity etc

Hopefully they read this forum ....100 to 1 will be most liked by shareholders

**kiora** · 29-07-2022, 08:14 AM

Originally Posted by alokdhir

Their biggest Moat is their execution skills ...people skills especially with staff ...so motivated that they do everything like its their own business . Vision to replicate their winning strategy in new countries one after another ...

I see them having $ 10 Billion revenue in 5 years

This year's eps targets will get upgraded soon from 3.75 to 5+ ...imo

So at forward p/e of just 30 ...which is justifiable as they growing more then 20% YOY ...1 year target should be $ 150

I totally agree
Fantastic management in a competitive industry.
It all starts at the top
It is so simple but how come so few companies can do it???
What are management schools teaching these graduates?

So often we see the effects of CRAP management WTH !