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  1. #1521
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    Quote Originally Posted by mikelee View Post
    Running out of patience with the stagnant SP really, I paid well over $90 for mine.
    Welllll that was the highest price it ever got to. I'm not sure you are going to get to that again in the near future.

  2. #1522
    Dilettante
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    Quote Originally Posted by mikelee View Post
    Running out of patience with the stagnant SP really, I paid well over $90 for mine.
    Bad luck if that was your only buy of MFT, to happen to be at the very top ever when condtiions for the business were extremely favourable and it had run ahead of itself. But I think long term investments on the NZX don't come much better than MFT and I am speaking from experience. A well run company with a significant international footprint in an industry it knows well.
    https://www.google.com/search?q=mft+...hrome&ie=UTF-8
    Last edited by iceman; 31-03-2024 at 11:50 PM.

  3. #1523
    Speedy Az winner69's Avatar
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    Quote Originally Posted by mikelee View Post
    Running out of patience with the stagnant SP really, I paid well over $90 for mine.
    Just bad timing mate. MFT was heading towards $100 and the commentators were raving how proud they should be when they become a $100 share on the NZX

    About the same time the other highflier in FPH was about $35 ..and has moved since in tandem with MFT

    You know what will happen if you lose patience and sell now eh …but don’t take my advice
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #1524
    Quiet Observer
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    Jun 2005
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    New Zealand.
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    As it happens, MFT pretty much did get to $100.

    $99.78 on 1st Sept, 2021 to be precise.

    Funny how those key round numbers end up being big physiological magnets for market participants, with the SP often marginally exceeding or missing the Bulls Eye.
    Success is a journey AND a destination!

  5. #1525
    Investments
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    Sep 2020
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    New Zealand
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    With consensus of $ 2.80 / $ 3.20 / $ 3.80 for next few years and also with the past record of MFT outperforming consensus ...Bullish times ahead

    In next few years $ 100 will be conquered easily

    FP report citing lack of negative trading update pointing to they meeting or exceeding market expectation is big bullish sign to get in before it jumps again after yearly results

  6. #1526
    Speedy Az winner69's Avatar
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    Hey alokdhir ….you worry me when you go on a ramping spree like this morning

    Makes me ask myself ‘what’s up, why is alokdhir doing this’

    Minding you I’m ramping thl eh so can’t talk
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #1527
    Investments
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    Quote Originally Posted by winner69 View Post
    Hey alokdhir ….you worry me when you go on a ramping spree like this morning

    Makes me ask myself ‘what’s up, why is alokdhir doing this’

    Minding you I’m ramping thl eh so can’t talk
    Only time will tell if thats called ramping or sane thoughts ...me is much simpler person then u mate ...yours most cant understand if the stock will go up or down lol

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