MFT - Mainfreight. Global Freight & Logistics

[alokdhir]

Was reports of institutions selling stocks like MFT SPK being sold to take part in IFT raise

Maybe thT the reason

But some institution was buying also ...maybe they liked MFT more then IFT or had enough for both ...who knows what goes on ...

[winner69]

But some institution was buying also ...maybe they liked MFT more then IFT or had enough for both ...who knows what goes on ...

Maybe they weren't in IFT and helped their mates out by taking the stock being sold

[alokdhir]

After seeing today's KFL nav report ...it seems they sold 3% of their holding last week ...maybe they want to flip IFT and come back as MFT is not going anywhere soon ...

[Jenny Ruth]

Hi all. My latest column published on my Substack, Just the Business, takes a look at the retirement benefit Mainfreight wants to pay departing director Richard Prebble. You can find it here: https://justthebusinessjennyruth.substack.com/

[mike2020]

After seeing today's KFL nav report ...it seems they sold 3% of their holding last week ...maybe they want to flip IFT and come back as MFT is not going anywhere soon ...

I actually wondered if people were selling kfl to buy ift.

[alokdhir]

After seeing today's KFL nav report ...it seems they sold 3% of their holding last week ...maybe they want to flip IFT and come back as MFT is not going anywhere soon ...

Did KFL do same as sell SUM to buy RYM rights ...sell MFT for IFT rights ? ....MFT finally over $ 72 hurdle ?? ...not yet ...need two closes with vols maybe

[daveypnz]

Price still popping despite going ex-div. Any reason for the big run up?

[kiora]

I was wondering too as brought a few for a trust @ $69
Freight rates up
5 Analysts say worth $80.45
Jarden buying?
Not at very large volumes yet?
https://www.marketscreener.com/quote...MITED-6492059/

Certainly popped past 20 D & 90 D

https://stocknessmonster.com/charts/mft.nzx/

Onwards & upwards

[maclir]

I was wondering too as brought a few for a trust @ $69
Freight rates up
5 Analysts say worth $80.45
Jarden buying?
Not at very large volumes yet?
https://www.marketscreener.com/quote...MITED-6492059/

Certainly popped past 20 D & 90 D

https://stocknessmonster.com/charts/mft.nzx/

Onwards & upwards

Somewhat depressing news from ANZ Truckometer "Theheavy traffic index slumped markedly in June (figure 2), with the 5.2% fallunprecedented outside of lockdowns. Up until June, the data has held upmuch better than anecdotes about the state of the freight sector, but storiesabound of very light truck loadings. Some of the monthly fall could just bedata volatility, but it adds to the pile of indicators suggesting Q2 GDP couldmake for ugly reading"


https://www.anz.co.nz/content/dam/an...r-20240711.pdf

[alokdhir]

" Ran into Don Braid recently at the coffee shop. Said words I liked "normalising supply chains", "improving" Got the impression that it's upwards from here.

Disc/ My largest holding on the NZX currently "

As posted on other channel by Shareguy ...very informative poster !