MFT - Mainfreight. Global Freight & Logistics

[JeffW]

This year not yet known ...no announcements I could find ...maybe late Nov ???

November 11th per NZX.com

[mikelee]

surprised to see the SP on a downward slide with potential dividend on the way

[777]

surprised to see the SP on a downward slide with potential dividend on the way

]

With a dividend yield of .87% I doubt the dividend would be a consideration in any buy/sell decision.

[winner69]

Goodness gracious me - MFT share price in the mid 80's

Down 15% from the august high .... that's a big correction

The way analysts think we are likely to see some adjustment downwards of their targets ....exp that guru who has a $107.50

Question - will share price recover half year announcement?

Harbour / Jarden seemed to time the trimming of their holding well in September

[alokdhir]

Goodness gracious me - MFT share price in the mid 80's

Down 15% from the august high .... that's a big correction

The way analysts think we are likely to see some adjustment downwards of their targets ....exp that guru who has a $107.50

Question - will share price recover half year announcement?

Harbour / Jarden seemed to time the trimming of their holding well in September

After a big run up this is normal correction...maybe 80-82 possible ...but this is good place to get in IMHO

[Sideshow Bob]

Service announcement from today:

Mainfreight Service Announcement Freight Volumes 4 November 2021 Good afternoon Peak Season Update As we head towards the Christmas period, we are facing a different set of challenges than last year when COVID-19 Alert Level 1 settings across New Zealand allowed us to trade through and manage traditional high season freight volumes. This year, increased COVID-19 restrictions, an exceptional upswing in home deliveries as businesses shift to online trading, and major inter-island freight disruption are all factors that are slowing down supply chains. We would like to remind all customers, as we head towards Christmas, it is prudent to allow an additional 1-2 working days to transit times. Inter-island Freight Today we have been advised by KiwiRail that the Aratere has suffered a mechanical issue that will impede inter-island sailings. The situation is compounded with the Kaiarahi already off-service with gear box issues since September, leaving one fully functional ferry for KiwiRail, plus Bluebridge services. We believe KiwiRail is exploring an option to commission an alternative offshore vessel to replace lost capacity across the Cook Straight. However, should this eventuate, the timing is unlikely to be soon enough to alleviate high season volumes. We recommend early communication with your receivers. Please liaise with your local branch, who will be able to advise details of altered inter-island transit times as they emerge. Other Contributing Factors Our Warehouses are also experiencing challenges, as shipping and offshore manufacturing delays result in large numbers of containers arriving at irregular intervals with inbound inventories, creating pressure to fulfil back orders and discharge large batches of containers. Our teams wish to thank our customers for their continued understanding. We expect the reopening of retail and other businesses residing in COVID-19-restricted areas will additionally create further resupply challenges and urgency. The supply chain is finite in capacity including resources, and we ask for an allowance of time as our teams manage this eventuality. Our Air & Ocean teams wish to convey their appreciation for the ongoing support in difficult times as they design solutions to navigate global port congestion, equipment shortages and space constraints. Summary To help, we ask that customers: Book early – When we receive consignment note uploads and freight early in the day, we can plan more effectively and improve segregation, linehaul capacity, etc. Adjust transit expectations – Where possible, please communicate with your customers/receivers around when they need product. Whilst our aim is to get consignments to receivers in line with expectations, there will be delayed shipments. To avoid over-promising and under-delivering, it is important that transit tolerances are extended for reasons outlined earlier. Urgent Shipments – Please advise urgent consignments through to our customer services team. They can provide available service options and tracking. Home deliveries – Home deliveries slow down any network, as seen with most courier operators. Simply providing us with a receiver’s mobile/text number allows improved communication to complete deliveries. Inter-island movements – Delays are imminent, and we will look to provide further updates as more information comes to hand.

[winner69]

After a big run up this is normal correction...maybe 80-82 possible ...but this is good place to get in IMHO

Sort of like the comment you read in the media ..... a bit like down because of some profit taking

Is 15% a 'normal' correction?

[BlackPeter]

Sort of like the comment you read in the media ..... a bit like down because of some profit taking

Is 15% a 'normal' correction?

Correction?

MFT cgart.JPG

SP just touching the EMA 100 - this is just a normal text book uptrend where SP got a little bit ahead of itself.

[nztx]

did someone say $100 by Christmas time ?

At this rate - it may be just in time for 2 for $100

be a nice Chrissy present

as all the boys & girls want their MFT shares cashed up, so they have some dosh to fling around at The Warehouse

[iceman]

Correction?

MFT cgart.JPG

SP just touching the EMA 100 - this is just a normal text book uptrend where SP got a little bit ahead of itself.

Nice chart thanks BP. Puts it into perspective. Can’t see why any holder of this fine company would be panicking