MFT - Mainfreight. Global Freight & Logistics

**Snow Leopard** · 14-02-2006, 09:30 PM

end of day $3.90, recent rise on <s>bugger all</s> not a lot of volume but heh any uptrend remains intact.
So will the third quarter results justify this optimism?
Stay tuned folks

**limegreen** · 14-02-2006, 10:03 PM

quote:Originally posted by Paper Tiger
So will the third quarter results justify this optimism?

It's just as well we have such a well-regulated and reputable market [:o)], so there's never any chance of insider buying...

**limegreen** · 21-02-2006, 04:41 PM

More than usual buying pressure today. Tealady confident of a good result[?]

**Snow Leopard** · 21-02-2006, 07:08 PM

Not much more than unusual.
The tealady is always confident and is considering introducing a new range of buns and doughnuts.

**limegreen** · 21-02-2006, 10:06 PM

I didn't mean heavy volume. Merely, that if I'd sold out today, it wouldn't have been the largest trade...

**Snow Leopard** · 22-02-2006, 10:03 PM

3Q result announced today, Mainfreight being a company who is very willing to front up every 3 months.
You can read the actual announcement here and further commentary here here.
I know what a lot of you are thinking "Oh no, Paper Tiger and Mainfreight, change the channel".
What you need to consider is the changing balance between the profit contribution of domestic and foreign.
So do you think that the Nz ops will hold their own or decline and will overseas operations continue to improve?

I will say that I think that the professional analysts are expecting a little too much as a full year result for 2006 and too little for 2007.

Anyway at the end of the day, I have done exceptionaly well over the last couple of years with the buy and hold strategy, and the trading company has done slightly better with a trading strategy on MFT. I do not yet think that the party is over.

Disc:

**Bob Marley** · 23-02-2006, 10:26 AM

I agree with you PaperTigerMon. MFT keeps on trucking along mon and I am more upbeat about its global operations after yesterday's comments mon. I think MFT's future is in expanding its global logistics operations mon. Bob is now predicting FY06 NPAT of $29m mon, putting MFT on a modest PE of 13x mon with good overseas growth prospects mon.

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