MFT - Mainfreight. Global Freight & Logistics

[alokdhir]

https://www.nzherald.co.nz/business/...WCMSNMCWC4ZJM/

With such articles in the media ...I think a push towards $ 100 is imminent ....lol

[winner69]

I first bought Mainfreight shares decades ago after hearing our Supply Chain Manager telling the exec team that he had really screwed Mainfreight on freight rates and other services ...... two years in a row he said that ....... and I had to tell him in front of the exec team he better do better because Mainfreight keep reporting 'significantly improved margins in NZ'

So customers think they are screwing Mainfreight but Mainfreight boast higher margins - good reason to buy some eh

[Shareguy]

Good storey Winner69. Agree with you Alokdhir $100 coming soon. Then a share split 10/1.

[mikelee]

Hope it's not too late to top up at $90 today.

[Charlie]

'This period prior to Christmas is likely our biggest freight tonnage period in our history' from the newsletter .
Whats not like about this ,
They seem to care about their workers

Five Things to Do Better in 2022
1. Always try to maintain a hopeful outlook. Nothing is better for your well-being than having hope.
2. Covid-19 restrictions have seen a large amount of bureaucracy placed upon us. Let’s make sure we don’t follow the same path. ( page 3 )

great stuff.
Merry Christmas to all ..

[Jonette]

Mainfreight appears to be facing headwinds this week. Apart from Omicron Covid and Interest rates, is anybody aware of any specific driver for MFT of the lower share price?

[mikelee]

I'm wondering the same. As long NZ only goes into "RED" but not locked down, it shouldn't affect freight movements too much.

[winner69]

I'm wondering the same. As long NZ only goes into "RED" but not locked down, it shouldn't affect freight movements too much.

....unless a lot of truck drivers get sick ...and like in Australia there's no forklift drivers to load the trucks

But current share price weakness possibly punters reducing exposure to highly valued stocks

[Sideshow Bob]

But current share price weakness possibly punters reducing exposure to highly valued stocks

Or just had a stellar run with MFT and taking a little off the table.....

I've got my forklift license....no worries here!!

[777]

Floating down with the rest of the markets, both domestically and internationally.