Fisher Funds selling down (a little)
Microsoft Word - SSH-Ceasing-14.04.2021-MFT (nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com)
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Fisher Funds selling down (a little)
Microsoft Word - SSH-Ceasing-14.04.2021-MFT (nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com)
What is the consensus about MFT FY21 results coming up ...
They did write in 6 monthly report that expect a much better result ahead ...so expecting 20% eps growth !
Mainfreight will release its full-year results for the 2021 financial year to the market on 26 May 2021. It is our expectation that this full-year result will be much improved on the year prior.
Most likely over 210 M base case ...
Dont let BP get to u ...he doesn't like High backwards PE stocks ....But quality of earnings and management matters to market ...ATM didn't have both and result was at first hurdle they failed
On the other hand MFT used the pandemic troubles to consolidate their position further ...same FPH is a manufacturing company ...to ramp up output to double levels in such short time got them Company of the year award ...They got opportunity they managed to cash it fully ...Great management both MFT and FPH ...thats why maybe markets gives them higher PE multiples
The law of large numbers makes it difficult, if not improbable, that MFT can surpass last year's numbers by 20%. I reckon +10% will be great!