MFT - Mainfreight. Global Freight & Logistics

[hamish]

If anyone ever gets a chance.. Listen to Don Braid speak in person.. This may help illuminate why they do so well. Have heard him 3 times, goosebumps eveytime. Comes across to me as deep intimate knowledge of the business they are in along with the culture to succeed. Hoping to hear him again in 2021

[Louloubell]

If that is the choice given I would go for EBO. 😜

[ThaiJohn]

Touching 70 bucks with few sellers

[iceman]

Touching 70 bucks with few sellers

Speeding ticket coming from NZ RegCo ??

[Pricey]

Need them to slow down - happy for them to keep going once the 2021 Stock Picking competition starts!

[Swala]

Need them to slow down - happy for them to keep going once the 2021 Stock Picking competition starts!

Absolutely agreed!

[winner69]

Businessdesk notes Bruce Plested, Mainfreight shares were worth $1.07 billion on Thursday.

Well done Bruce

Also rubbed Richard Prebbles nose in the dirt - pointed out he once had 550,000 shares - but sold most during the GFC around $5 - if he still had them they be worth $37m - but stillholds a few currently worth $6m (Prebble a Director)

[CraftyBeer]

Businessdesk notes Bruce Plested, Mainfreight shares were worth $1.07 billion on Thursday.

Well done Bruce

Also rubbed Richard Prebbles nose in the dirt - pointed out he once had 550,000 shares - but sold most during the GFC around $5 - if he still had them they be worth $37m - but stillholds a few currently worth $6m (Prebble a Director)

Bought into the IPO at .95 in 1996 and sold a year later at 1.55 to help with buying a house. Only a few (not as 'few' as Prebble lol) but definitely should have put those ones away in the bottom drawer. An amazing performer.

[Bjauck]

Bought into the IPO at .95 in 1996 and sold a year later at 1.55 to help with buying a house. Only a few (not as 'few' as Prebble lol) but definitely should have put those ones away in the bottom drawer. An amazing performer.

That was still a good return for the period you owned the shares though. IPOs carry a risk. Plus there was still a risk of change in personnel etc and a chance it may have underperformed. I guess we can't (and shouldn't) put all our shareholdings in the bottom drawer.

[CraftyBeer]

That was still a good return for the period you owned the shares though. IPOs carry a risk. Plus there was still a risk of change in personnel etc and a chance it may have underperformed. I guess we can't (and shouldn't) put all our shareholdings in the bottom drawer.

Yes very true. We also sold Telstra at the time for over $10 - it's all swings and roundabouts.