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  1. #321
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    Quote Originally Posted by Paper Tiger View Post
    One wonders if some idiot is going to have a go at the $10 barrier.
    12.08pm 304 shares bought for $10
    No it wasn't me

  2. #322
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    Quote Originally Posted by Hoop View Post
    12.08pm 304 shares bought for $10
    No it wasn't me
    I would short MFT at $10.00

    Look at TOL in Australia - equally as impressive business, management and growth prospects yet 50% lower valuation.

    MFT is a great company but over valued.

  3. #323
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    Mft got as high as 10.60 in a steady uptrend since the last post

    Got technically knocked about with this recent insane global flash panic attack.

    Stellar 3 month report out today as was forecast to the market last month.
    Outlook is more of the same

    MFT gone to 970 up 8 from red to blue .....one of the very few blue spots on the NZX atm

    https://www.directbroking.co.nz/Dire...spx?id=2862998
    Last edited by Hoop; 11-08-2011 at 10:20 AM.

  4. #324
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    ooops! the sp is plunging. Why? Scamper doesn't know...

  5. #325
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    Read this recently, maybe the writer has a point?:

    http://*************nz.blogspot.com/...?q=mainfreight

  6. #326
    percy
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    Quote Originally Posted by karen1 View Post
    Read this recently, maybe the writer has a point?:

    http://*************nz.blogspot.com/...?q=mainfreight
    Thanks for the link.Fair comment.

  7. #327
    Speedy Az winner69's Avatar
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    Did MFT say soemthing to upsaet Mr Market today .... down 10%

    Whatsup .... where is whatsup by the way .... always enjoyed his posts

  8. #328
    Senior Member Toulouse - Luzern's Avatar
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    It seems the market expected more:

    Perhaps an answer to the drop is in the details of the release ...

    Extract from News release today on the Directbroking site:

    MFT
    14/02/2012 08:46
    QUARTER

    REL: 0846 HRS Mainfreight Limited

    QUARTER: MFT: Mainfreight Result Nine Months to December 2011

    Financial result for the nine months ended December 2011 (Unaudited)

    Mainfreight is pleased to report a record net surplus after taxation and
    abnormals of $46.75 million for the first nine months of the 2012 financial
    year; an increase of 34.9% on the previous year's result of $34.65 million.
    Excluding abnormals ($0.51 million after tax) the increase was 36.4%.

    EBITDA performance was also at a record level for a nine month result
    breaking $100 million for the first time, an increase of 50.9% to $101.02
    million.

    This is despite a poorer-than-expected third quarter performance where
    freight volumes and returns only matched the prior year levels. December
    trading, in particular, was below our expectations.

    For more info:

    http://www.directbroking.co.nz/direc...?id=3010382for
    Last edited by Toulouse - Luzern; 14-02-2012 at 12:34 PM. Reason: add link correct spelling

  9. #329
    Reincarnated Panthera Snow Leopard's Avatar
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    Cool Volatility: The spice of life

    It would seem that the money that pulled MFT up from $9.42 was banking on something special results-wise

    and now they are disappointed.

    best wishes
    Paper Tiger
    om mani peme hum

  10. #330
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    Quote Originally Posted by SparkyTheClown View Post
    Just bought in today at the new low prices. One of New Zealand's best run companies - happy to take advantage of what I think will be temporary low prices based on a single quarter's mixed results.
    If i held (which i dont) think i would of been selling up to. Freight volumes not likely to pick up for quite some time , especially in europe. Think they did well to keep the pot boiling for as long as they have. The amount there stock has gone up in the last year or so there bound to be decent correction. Think you brave buying today

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