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30-05-2011, 12:29 PM
#321
Originally Posted by Paper Tiger
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
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30-05-2011, 07:08 PM
#322
Member
Originally Posted by Hoop
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.
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11-08-2011, 11:16 AM
#323
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 11:20 AM.
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09-12-2011, 12:42 PM
#324
Member
ooops! the sp is plunging. Why? Scamper doesn't know...
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09-12-2011, 01:16 PM
#325
Member
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09-12-2011, 01:34 PM
#326
Originally Posted by karen1
Thanks for the link.Fair comment.
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14-02-2012, 12:27 PM
#327
Did MFT say soemthing to upsaet Mr Market today .... down 10%
Whatsup .... where is whatsup by the way .... always enjoyed his posts
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14-02-2012, 01:30 PM
#328
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 01:34 PM.
Reason: add link correct spelling
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14-02-2012, 01:51 PM
#329
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
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14-02-2012, 05:26 PM
#330
Originally Posted by SparkyTheClown
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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