MFT - Mainfreight. Global Freight & Logistics

[daveypnz]

Should hopefully find a floor around here @ the 50 day ema/10 week ema

[mikelee]

Only topped up yesterday and I see it's gone sub $90 this morning.
Oh well, I expect the logistic business to be doing very well for at least another 2 years, so not too worried atm.

[JohnnyTheHorse]

Hourly RSI down to 15 so I have built a short term trade position this morning.

[iceman]

A lot of selling pressure here for the last couple of weeks and the exuberant gains back in September have been largely reversed, which I find surprising given the way the company appears to be tracking very nicely on all fronts. Having said that, we are still up around 25% for the first half of the financial year so pretty pleased with that.

[daveypnz]

She's looking real ugly on the chart, looks headed for the 100ma.

[alokdhir]

Looks like going toward 80-82 range soon ....But will be great buy around that ...

[Biscuit]

Looks like going toward 80-82 range soon ....But will be great buy around that ...

Sure looks like its got a bit of downwards momentum at the moment but if it overshoots down to 80-82, which I doubt, it won't stay there for long. We are only a few weeks from the interim results. Top of my list for accumulation next week.

[Valuegrowth]

https://www.hellenicshippingnews.com...d-u-s-plunges/

[mikelee]

I'm not too concerned about plunging shipping cost, unless it's so low that overheads can't be covered. Freight forwarder's margin is probably more or less still the same and the difference just passed on to the shipper. Lower cost might reflect less waiting time too, so it's win-win for all. Definitely looking forward to the interim results to give the SP a boost, so have been topping up since SP hit the low 90s.

[Rawz]

SP down a bit more today. Still looks expensive on a historical P/e of 46

The Kingfish qrtly update said it even got too pricey for them and they sold some down. Must have been expensive for those long term holders to flog some off