MFT - Mainfreight. Global Freight & Logistics

[winner69]

Marketscreener ….analysts forecasting npat (pre-abnormals) to up in F25

By how much hard to work out as they just as confused as me with the $69m abnormal in F24

[winner69]

See 33% voted NO to giving Prebble the $120,000:hand out on his retirement

Well done those 33%

[Leemsip]

when times get tough, Mainfreight drop prices to get more business...... This is super sensible and enables them to keep volumes and staff high, but impact at the bottom line. Must be awful for their competitors
Just a great company building out their network worldwide and investing across the board.

Hopefully will head down into the $50's as currently over priced for this recession IMO

[Ricky-bobby]

Start of many profit hits to come from the market I recon… it’s tough out there. Everyone I’m talking to are keeping the lights on but not making any money. Cashflow is key for the next 12 months

[Leemsip]

Yeah agree.....
Survive 2025 is the mantra...

Paradoxically we should see some shares doing great as the market anticipates interest rate reductions..... Not MFT though IMO

[winner69]

From ft.com

Trucking industry shows signs of life after long downturn in US

They say demand picking up ….double digit growth last couple months

Good for Mainfreight

Share price heading to guru analysts targets of 80 bucks plus

Will get there quicker if Kingfish decided to up the ante

[kiora]

Someones got it wrong then?

"Forsyth Barr lowers Mainfreight to neutral from outperform"

https://businessdesk.co.nz/article/m...rom-outperform

[alokdhir]

Someones got it wrong then?

"Forsyth Barr lowers Mainfreight to neutral from outperform"

https://businessdesk.co.nz/article/m...rom-outperform

Brokerages are reactive to historic data ...FB's downgrade is based on trading update provided during ASM while W69 is talking about current / very recent events so can be more up to date !!

But it should not matter ...its just a question of time MFT starts rolling again