MFT - Mainfreight. Global Freight & Logistics

[iceman]

MFT suspending it's Russia operation and closing the Ukranian office. Good on them.

GENERAL: MFT: Mainfreight Limited - Network Update 09:39a.m.
MFT
09/03/2022 09:39
GENERAL
NOT PRICE SENSITIVE
REL: 0939 HRS Mainfreight Limited

GENERAL: MFT: Mainfreight Limited - Network Update

9 March 2022

MAINFREIGHT LIMITED - NETWORK UPDATE

Mainfreight Limited (NZX: MFT) advises our logistics services into and out of
Russia have been suspended with immediate effect.

Our Ukraine office has been closed as a result of the current conflict. Our
people are safe and those wanting to leave the country are being assisted
with transport and relocation into our other European operations.

Ends

Don Braid
Group Managing Director

[Beagle]

Suspending operations doesn't cut it in my opinion. Got to make Putin pay an enormous price for what he's doing. Just shut down operations permanently and stop doing any business within or to and from Russia. Many other companies like BP and countless others are completely exiting Russia so why hasn't Mainfreight done the right thing ?
Their response looks weak and pathetic and is only the very bare minimum.
The real question is, Is it ever going to be acceptable to do business in Russia again while Putin is in power ? https://www.nzherald.co.nz/world/rus...2272FWSBB2C4M/

[MauroNZ]

Suspending operations doesn't cut it in my opinion. Got to make Putin pay an enormous price for what he's doing. Just shut down operations permanently and stop doing any business within or to and from Russia. Many other companies like BP and countless others are completely exiting Russia so why hasn't Mainfreight done the right thing ?
Their response looks weak and pathetic and is only the very bare minimum.
The real question is, Is it ever going to be acceptable to do business in Russia again while Putin is in power ? https://www.nzherald.co.nz/world/rus...2272FWSBB2C4M/

In that line Coca-cola should stop being drunk as well as Starbucks.

[Sideshow Bob]

If nothing else with Russia getting shut out of SWIFT, then flow of money in and out of Russia will be much more challenging, and problematic for corporations. I would expect that the flow of freight will slow dramatically also.

[winner69]

Director Kate buys 15 more shares

Directors buying always a good sign

[Sideshow Bob]

Director Kate buys 15 more shares

Directors buying always a good sign

Probably cost more to put out the announcement....

[Charlie]

Seems a bit of a silly purchase and announcement, 15.?
people just see ‘director buys shares’ and up she goes !
PE still up there.......

[winner69]

Seems a bit of a silly purchase and announcement, 15.?
people just see ‘director buys shares’ and up she goes !
PE still up there.......

And she had written permission to buy them during a closed period

[Peitro]

Was this just a delayed Divi reinvestment

Some big sellers at the end of the day

[nztx]

Was this just a delayed Divi reinvestment

Some big sellers at the end of the day

they may be regretting selling out . given today's close

$2.42 rise for the day doesn't look too shabby

like roughly 2 & 1/2 times the Cash Div for the last year - isn't it ?