MFT - Mainfreight. Global Freight & Logistics

[mikelee]

yeah, I used to balked at paying over $20 a share for banks, so never imagined that I'd one day pay almost 5 times that to invest in a freight company

[alokdhir]

$ 3.30 EPS for $ 100 SP is pretty fine on valuations ....but if done stock spilt of 10 to 1 then it can be SP of $ 12 easily ...maybe they will consider it after achieving their $ 100 goal. IMHO

[iceman]

Now we know why Plested sold a few back in June https://www.oneroof.co.nz/news/40527
Well deserved.

[maclir]

Now we know why Plested sold a few back in June https://www.oneroof.co.nz/news/40527
Well deserved.

The property had been earmarked for development but Plested told Gulf News that he intended to protect the land.
“I just think it’s one of most beautiful properties on earth. It’s very special, and we would like to leave it very much in its natural state,” he said.
Plested has been a vocal critic of plans to develop a marina on the island and has overseen the restoration of native bush at his property in Pie Melon Bay.

[maclir]

If you're interested in the detail of the company, not the financial focus but on the ground operations, there's a link to the latest in house magazine here

https://www.mainfreight.com/en-nz/ma...-december-2021

[mikelee]

Though the SP was finally going to break the $95 barrier this week, but guess not likely to happen even by year end.

[Rawz]

MFT will probably do what FPH did after their big run up. Trade in a range for a good 12 months. Maybe $88 to $95 til end of next year

[alokdhir]

https://www.newshub.co.nz/home/new-z...-breaches.html

Reason for recent selling ...

[Biscuit]

https://www.newshub.co.nz/home/new-z...-breaches.html

Reason for recent selling ...

Hard to see any real implications for MFT, no further action being taken.

[BlackPeter]

https://www.newshub.co.nz/home/new-z...-breaches.html

Reason for recent selling ...

Hmm - yes, does not quite fit into Mainfreights story of a caring team, doesn't it? Still - sounds they rectified the problem already and appears the claims are anyway a bit overblown ...

MFT SP had a stellar rise since since Covid minibear ... and I don't see a break of the uptrend - do you?

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