MFT - Mainfreight. Global Freight & Logistics

[Snow Leopard]

Weathering the storm with remarkable resilience.
It would seem that your sale was perhaps a little premature rmbbrave, looking back with the benefit of hindsight.
[Arhh, tis a wonderful thing, the hindsight. Tis a pity it always comes late.]

As one or two of you may have worked out I am a dedicated Mainfreight fan, but I must admit even I am surprised by how well the old Share Price is doing.

Disc: still holding for the long term and celebrating regularly, hic!

[Snow Leopard]

$3.40 at the end of week, SP down , but OBV up [^], over the week.
If you want to draw short term lines ( less than a year ) then you should be out
If you are longer term then maybe you are still in.
Purr-sonally: long term: I still think it has legs: Short term: who knows?

[Snow Leopard]

Got to bring good ol' Mainfreight back up to the front of the queue.

$3.20 down since last post , but OBV has risen [^].
It's not just me who likes this one, you know.

[Snow Leopard]

What no conversation about good old Mainfreight in my absence?
Pre-half year announcement rally is in progress.
Of course the question is:
Is it justified [?]

Stay tuned for the answer .

[Snow Leopard]

The Paper Tiger Monologue continues:

Obviously the world took my last post as a sign to sell given that the price went south from 3.33 all the way down to 3.19 (on little volume)
But today it ends at 3.37, the half year result approaches, the econony has been booming [8D], much stuff has needed shifting , but fuel costs have been high .

So, are you with me on this?

[k1w1]

I'm hovering around this share at present PT,

Are you out of Fletcher Building and NZR which I have had the priviledge of co-owning with you on past occasions ?

[Snow Leopard]

I have my FBU, I think that the market is currently undervalue-ing this one, they should improve their results over the next few years and I see no reason to sell.
I most recently bought NZR and then sold the next trading day. which in retrospect was a really smart move. It would seem that NZR is bouncing around all over the shop, I guess the day to day SP is being dictated by the crude oil price which is a silly game to play. Longish term I am not sure what is the the "right price" for this one, and thus I am not willing to hold.

[k1w1]

I looking forward to reminding you of your comments on the NZR thread at a later date.


For your assistance, crude oil price has nothing to do with NZR profits, which correlate directly to the Singapore refiners margin and the $US/$NZ exchange rate. The higher they go, the larger the profits.

I am positioning on the basis that both of them will remain at present levels or above.

You cant find a source for me that gives a daily of the margin can you PT ?

[Snow Leopard]

Half Year is out. [^]

[scamper]

o dear, well, who cares really...
the last time mft was at 340 i sold half my holding because it was on the way down! i've done this before because i've never quite believed that mft either deserves its price, or can fight off outside influences such as energy costs.
happy to be proved wrong, again.