MFT - Mainfreight. Global Freight & Logistics

[alokdhir]

I am sure that Freight volumes will be up both in Q3 and (likely, due to it being the future) Q4 - and this is what any truckometer will show as well.

More interesting would be in my view the question whether margins can keep up; I am sure that the ridiculous high diesel prices as well as increased payrates start to bite the industry.

If the demand is good then I believe MFT will be in a position to pass on Diesel / other additional costs as fuel surcharge or simple CPI adjustments to freight costs

Now will be the test of good management vs average managements ....as passing additional costs is a tricky job ...like a game of poker !!

[iceman]

Shipping costs have dropped rapidly in the last few weeks/months and container availability & shipping become more readily available. This is positive for MFT as it allows us to recoup some of the fast rate increases that could not be passed on to customers rapidly enough last year. Fuel costs have also rapidly decreased in recent weeks.
Slowing World economy is obviously a concern for freighting companies BUT, it also sorts the boys from the men and I think MFT is now a very strong, globally diversified player that can take advantage of economies of scale.
So I'm very confident MFT is chugging along very nicely.

The big thing for us Kiwi holders, is the exchange rate. ATM, looking back 12 months, the NZ$ is down against most of the income generating currencies for MFT.
We get roughly 1/3 of revenue in USD, which is up roughly 10-15% average through the year.
A$ roughly 1/4 of revenues. Up roughly 5-8% average last 12 months.
Euro will be the interesting one and difficult to forecast or guess what is happening with freight there.

But I am confident we will have a very good trading update soon and a good half year report in November. Expecting $1.00 divie

[whatsup]

Back to Jan 2021 atm !

[iceman]

Back to Jan 2021 atm !

Yield shooting up :-)

[Ggcc]

Back to Jan 2021 atm !

Don't stress the bottom of the market has not been reached yet. It is not just MFT heading down quick. Longterm it will always head up. Just keep adding more shares to your portfolio if you feel these prices are what you like.

[BlackPeter]

Shipping costs have dropped rapidly in the last few weeks/months and container availability & shipping become more readily available. This is positive for MFT as it allows us to recoup some of the fast rate increases that could not be passed on to customers rapidly enough last year. Fuel costs have also rapidly decreased in recent weeks.
Slowing World economy is obviously a concern for freighting companies BUT, it also sorts the boys from the men and I think MFT is now a very strong, globally diversified player that can take advantage of economies of scale.
So I'm very confident MFT is chugging along very nicely.

The big thing for us Kiwi holders, is the exchange rate. ATM, looking back 12 months, the NZ$ is down against most of the income generating currencies for MFT.
We get roughly 1/3 of revenue in USD, which is up roughly 10-15% average through the year.
A$ roughly 1/4 of revenues. Up roughly 5-8% average last 12 months.
Euro will be the interesting one and difficult to forecast or guess what is happening with freight there.

But I am confident we will have a very good trading update soon and a good half year report in November. Expecting $1.00 divie

I agree, but you need to stick with the lingo.

I do expect a satisfactory trading update ;

[Peitro]

Shipping costs have dropped rapidly in the last few weeks/months and container availability & shipping become more readily available. This is positive for MFT as it allows us to recoup some of the fast rate increases that could not be passed on to customers rapidly enough last year. Fuel costs have also rapidly decreased in recent weeks.
Slowing World economy is obviously a concern for freighting companies BUT, it also sorts the boys from the men and I think MFT is now a very strong, globally diversified player that can take advantage of economies of scale.
So I'm very confident MFT is chugging along very nicely.

The big thing for us Kiwi holders, is the exchange rate. ATM, looking back 12 months, the NZ$ is down against most of the income generating currencies for MFT.
We get roughly 1/3 of revenue in USD, which is up roughly 10-15% average through the year.
A$ roughly 1/4 of revenues. Up roughly 5-8% average last 12 months.
Euro will be the interesting one and difficult to forecast or guess what is happening with freight there.

But I am confident we will have a very good trading update soon and a good half year report in November. Expecting $1.00 divie

Completely spot on in every point, the 1/3 Revenue from USD would have grown with increased capacity in the states... Bring on the November update

[winner69]

should put a rocket under the share price

Updated numbers for first half of year

• Estimated revenue for the 26 weeks has improved. 32.5% to $3.01 billion
• Estimated profit before tax for the 26 weeks has improved 65.8% to $301.7 million

http://nzx-prod-s7fsd7f98s.s3-websit...953/381463.pdf

http://nzx-prod-s7fsd7f98s.s3-websit...953/381625.pdf

[Rawz]

Wow amazing! Good stuff MFT

[BlackPeter]

should put a rocket under the share price

Updated numbers for first half of year

• Estimated revenue for the 26 weeks has improved. 32.5% to $3.01 billion
• Estimated profit before tax for the 26 weeks has improved 65.8% to $301.7 million

http://nzx-prod-s7fsd7f98s.s3-websit...953/381463.pdf

http://nzx-prod-s7fsd7f98s.s3-websit...953/381625.pdf

Quite satisfactory, isn't it?