MFT - Mainfreight. Global Freight & Logistics

[Snow Leopard]

Well a nice end to the day. $3.06 on lightish turnover. No sellers have come along to fill the gap below $3.30.

At the moment the concensus full year (Mar-06) profit is about $27m
so we are now trading on a forward P/E of 10.9, not bad for a growth company. $3.30 would be a P/E of 11.7.
Will be interesting to see if the bids keep sneaking up or a few more adventurous sellers appear.
The first quarterly announcement is due at the end of the month.

[Futurz]

quote:Originally posted by Paper Tiger

Well a nice end to the day. $3.06 on lightish turnover. No sellers have come along to fill the gap below $3.30.

At the moment the concensus full year (Mar-06) profit is about $27m
so we are now trading on a forward P/E of 10.9, not bad for a growth company. $3.30 would be a P/E of 11.7.
Will be interesting to see if the bids keep sneaking up or a few more adventurous sellers appear.
The first quarterly announcement is due at the end of the month.

The 1st Quarter result is out on the 19th August. I had a small punt on these last Friday with this result in mind. Got in at $2.90 so I'm up about 7% already. [8D]

Fingers crossed for a good result

[limegreen]

The market seems to think the result will be good. Another happy day for those overweight in Mainfreight

[Snow Leopard]

Time to bring the thread back upto the front page.

Ended the day up 6.55% moving from $2.90 to $3.09 with 20,000+ shares changing owner at that latter price.
Quite a step up, but somebody thinks it is a good move.

[Snow Leopard]

This has to be one of the most positive announcements from Mainfreight in a long time. They usually have the word dissappointing somewhere. However there are three "declined"s (but only one is really relevent) to offset the "improved"s and "increase"s.
[quote]quote:
MFT
19/08/2005
QUARTER

REL: 0930 HRS Mainfreight Limited

QUARTER: MFT: Mainfreight First Quarter Release

MAINFREIGHT GROUP LIMITED

Financial result for the three months ended June 2005 (Unaudited)

The Mainfreight Group is pleased to report a net profit after taxation of
$4.229 million for the first three months of the 2006 financial year. This
represents a $4.441 million increase when compared to the same period last
year.

Excluding divested Owens business units, total sales grew $12.947 million, an
increase of 6.5%.

Consolidated revenues (sales) declined to $213.409 million from $222.657
million as a result of divested business revenues of $22.195 million.

This much improved Group performance reflects comments provided in the annual
report and at our annual meeting held in late July. All divisions again
contributed positively to this increase.

Highlights continue to include the improving performance of the Australian
Domestic operations and increasing profit contributions from our Australian
and US International business units. Further, our Owens investments continue
to improve their contributions to our consolidated result with an improvement
of $3.687 million at EBIT level to $1.279 million.

The New Zealand Domestic and International operations continue to provide
strength and profitability as expected.

Divisional Performance

Divisional performances include relevant Owens businesses and are quoted in
New Zealand dollars.

New Zealand Domestic
EBIT improved to $4.591 million, an increase of 43.6% largely as a result of
Owens Transport improvements and the ongoing strength of our core domestic
activities.

Total domestic revenues declined to $65.131 million from $66.533 million, due
solely to Owens Transport eliminating unprofitable revenue streams. Revenues
within "Mainfreight only" businesses continued their increase by a further
5.7%.

New Zealand International
EBIT improved to $0.489 million from $0.016 million. Contributions to this
improvement have come from Owens Coolair and Mainfreight International.

Revenues declined overall by $2.161 million as seasonal perishable volumes
impact.

Australian Domestic
EBIT improved to breakeven levels compared to a deficit last year of $1.388
million.

Revenues continue their improvement with an increase of 13.9% to $23.142
million. Excluding the contribution from Owens Transport Pty Ltd, revenues
increased by 25.4%.

We continue to see positive results from our Australian domestic operations
as the second quarter progresses and expect our target of profitability for
the full year to be achieved.

Australian International
EBIT continues its improvement increasing to $1.928 million, up 124.4%.

Revenues are improved by 15.8% to $70.053 million, largely due to the
increased contributions of the Owens Project and Pacific Island freight
businesses of Pan Orient Pty Ltd.

It is this business which has gained a number of "Project" related contracts,
including the Goro-Nickel contract in Noumea.

As advised at our Annual Meeting, the benefits of the Goro-nickel contract
will begin to flow during our second quarter.

Project activity has a fixed term duration and revenues will fluctuate
accordingly.

Core international activity continues to improve profit contributions and we
expect this to continue for the remainder of the year.

USA International
EBIT continues also to improve from $0.101 million to $0.537 million.
Revenues grew 23.9% to $21.459 million. Again our improvements in this
region are satisfactory and we expect further increasing returns throughout
the year.

Associates
Satisfactory retu

[Futurz]

Have to agree PT, very positive stuff Although it was expected and forecast by most in the industry.

A couple of small buyers lining up at $3.15 so it's looking good[8D]

[Futurz]

Last at $3.40[]

Go you good thing!!!

[limegreen]

Why oh why did I not pick this for the 2005 competition[?] Fortunately, I'm not so foolish in real life

Updated to smile some more[8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D][8D]

[Snow Leopard]

Some of us did pick it
Mind you I also chose Feltex

Disc: In real life lots of MFT, and no FTX anymore.

[limegreen]

I also picked FTX.

Disc: Also no more FTX. Thank Allah, I mean Phaedrus.