MFT - Mainfreight. Global Freight & Logistics

[BlackPeter]

Dividend due shortly. Once it goes ex I think I'll jump in.

Interesting strategy ... why would you wait for Ex? I guess we could have a discussion about whether $80 for MFT is too dear, but what impact would have the small dividend (Cum or Ex) on its SP? Do you expect SP to drop more than the amount of the dividend after Ex? This is not what normally happens to MFT - typically quite the opposite.

Discl: grew into my largest NZX holding ...

[ThaiJohn]

Just a situational thing. I don't chase divvys.
I believe it will reach $100 p/s by end of year.

[winner69]

Expensive or whatever — I think it was Mark Lister from Craig’s who said that MFT having such a high price is a ‘badge of honour’

[BlackPeter]

Expensive or whatever — I think it was Mark Lister from Craig’s who said that MFT having such a high price is a ‘badge of honour’

Hmm - personally I prefer to make investment decisions independent from other peoples assessments of "honour".

Too many discredited "honorables" around. These days honour is a pretty meaningless term, really.

MFT is a well run company and got in the current environment a big shot into the arm given the Covid related transport mess. Any company still able to move freight is able to command a premium on their prices (and I recon as well share price).

How long this premium will last is anybody's best guess - and I am not pretending that I know more about the future Covid development and its impact on transport than anybody else. However - at some stage we will come back to normal - whatever this is. Competition will grow in any industry with super margins and margins (and price premiums) will drop again.

But anyway - still holding, i.e. I must think as well that for MFT the best is still to come (borrowed this phrase from Sir Angus).

[alokdhir]

ASM on 29th July ...what expect to hear ? Also what are short term SP trends ? Any thoughts ....please share

[BlackPeter]

ASM on 29th July ...what expect to hear ? Also what are short term SP trends ? Any thoughts ....please share

Well, this is what I would expect:

Things going really well. Company is paying lots of taxes and proud to do so. Major focus to green up their buildings - and yes, margins are great in a world where reliable transport is sought after and hard to find. Their product clearly can command a premium in todays world ;

[flyinglizard]

http://nzx-prod-s7fsd7f98s.s3-websit...427/351230.pdf

good result, the industry runs well.

[winner69]

http://nzx-prod-s7fsd7f98s.s3-websit...427/351230.pdf

good result, the industry runs well.

Like the use of 'satisfactory'

- Expect half-year to be satisfactorily improved on prior period
- Full-year result should be satisfactory

[alokdhir]

Well, this is what I would expect:

Things going really well. Company is paying lots of taxes and proud to do so. Major focus to green up their buildings - and yes, margins are great in a world where reliable transport is sought after and hard to find. Their product clearly can command a premium in todays world ;

What I expected happened today ....stock up 5% and maybe some more tomorrow . Maybe time is coming for it to consolidate around 79-80 levels after that but best long term buy ever

[iceman]

A stunning performance once again from this great company. Happy holder.