MFT - Mainfreight. Global Freight & Logistics

[gv1]

[QUOTE=Toulouse - Luzern;441376]From the first few paragraphs of the MFT release below to the NZX I calculate a 50.79% improvement. (E&OE)

"After abnormals, a net surplus of $41.83 million was recorded, compared to
$27.74 million for the same period last year."

Thanks,gotta ya, its the abnormals. It looks good then, SP doesn't reflect that though. Expect next few good years, especially US economy is improving.

[Mista_Trix]

I gather they were a but disappointed in overseas performance

Essentially all the increased profit came out if nz ......rest of world just hanging in there

Stil a + sign is better than a - one eh PT

Given the last report was wayyy worse than everyone expected, showing some positive signs is a good thing.
Especially when its still a sh*tstorm over in Europe.

[born2invest]

Anyone read the Mainfreight book released recently? It's a pretty good read.

Ready, Fire, Aim is the title.

Mainfreight buying businesses that are struggling and turning them around has been their strategy since they made their first purchase of another business so the Europe business struggling isn't a big deal. This happened in Australia for almost a decade until they sorted it out.

Because they charge a premium for better service than other trucking companies, it takes a while to build up that reputation in new markets.

[nextbigthing]

Meanwhile, MFT keeps quietly trucking on up in the background....

Disc Hold.

[Beagle]

Not much interest shown on this forum for this company but I have it on my watchlist due to its relativly inexpensive PE ratio and some growth prospects but couldn't help noticing the heavy and sustained selling pressure coming on today with more than double the normal daily volume and slipping a considerable 75 cents (5.43%). It crossed my mind to catch a falling knife at $13.00 but my sixth sense told me to stay out at this stage.

Feels a bit "fishy" to be dropping that much on no news and on much higher than normal daily volume. thoughts anyone ?

[jmsnz]

And for a private investor with a longer term horizon, how would that make a difference to the prospects of the company itself?

As a relatively unskilled investor, I Mr Market an odd person sometimes.

[Beagle]

MFT deleted from MSCI small cap index. ATM and MELCA added. XRO deleted but upgraded to global standard instead of falling off.

Hope that helps!

Thanks mate

[nextbigthing]

Great result. Great company. Could be in for a big year ahead if Europe sorts itself out. Can't believe this result hasn't had a mention. Not as sexy as that PEB lady I guess. She wears too much makeup anyway.

Disc; Hold.

[Beagle]

Great result. Great company. Could be in for a big year ahead if Europe sorts itself out. Can't believe this result hasn't had a mention. Not as sexy as that PEB lady I guess. She wears too much makeup anyway.

Disc; Hold.

Agreed and wish I'd bought at $13.00.

[nextbigthing]

Thoughts on the 2014 AR?