MFT - Mainfreight

[winner (n)]

Mainfreight NPAT history on chart

Back to pre-covid trend .....possibly expect +15% pa from here

That's pretty good

Also highlights how mad the world was during the pandemic ...but it generated heaps of one off profits eh

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[Basil]

^Thanks Winner.  That's and excellent image that beautifully encapsulates what I believe many of us on here have known for quite some time, that being, the huge gains from the Covid era would be temporary. 

[BlackPeter]

Oh dear.

Anybody seen what happened to Mainfreights shareprice? Don crushed it. And no, I am not talking about the amazing CEO of this great company, I am talking about Don the idiot throwing handgranades frem the rosegarden of his residence into the wheels of global trade.

Glad I sold my parcel out a couple of months ago. I had some inkling ... Trump in January, stockmarkets tanking in February, bear market in March and depression starting in April?

On the bright side ? Even Adi's 1000 years lasted only twelve ... and just imagine, what opportunities this will create for the future. Buy Mainfraight some day again around $30 like in the good old Covid recession? Maybe even cheaper? Who knows.   

[Basil]

Trump in January, stockmarkets tanking in February, bear market in March and depression starting in April?

What's interesting is that some people have started to fancy their chances of being a bottom picker in this market.  I wonder how many realize that the last time there was a huge trade tariff war was the early 1930's and a great depression is exactly what happened, followed by a huge world war. I really hope history doesn't repeat....sadly it has an uncanny habit of doing exactly that.  Just as well this time its different...or can we be sure of that ?
KW's advice seems best at this time.  Don't buy shares in a downtrend with no idea of when that downtrend will end.

[Auto Rower]

What's interesting is that some people have started to fancy their chances of being a bottom picker in this market.  I wonder how many realize that the last time there was a huge trade tariff war was the early 1930's and a great depression is exactly what happened, followed by a huge world war. I really hope history doesn't repeat....sadly it has an uncanny habit of doing exactly that.  Just as well this time its different...or can we be sure of that ?
KW's advice seems best at this time.  Don't buy shares in a downtrend with no idea of when that downtrend will end.

I have to agree , President Trumps main objective is war with china not just a trade war he wants to crush them & remain the dominant world superpower, hegemonic is the buzz word at the moment.
We will have to pick sides as the world is changing and trummpie will demand allegiance or more tariffs the main reason for the tariffs is leverage .

[Mr Cashflow]

For some reason MF  stock has shown weakness lately.  Even Asian shipping stocks were hard hit. Given the global uncertainty,in the short run this sector could underperform the market.

[Cod]

For some reason MF  stock has shown weakness lately.  Even Asian shipping stocks were hard hit. Given the global uncertainty,in the short run this sector could underperform the market.

Agreed.
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[Shareguy]

FY25 PBT is expected to be ahead of market consensus of $375m, with the US operation at around 7% of FY25 group PBT.

Craigs had forecast $371m PBT so it's a slight positive.

Has been great buying lately in my opinion for long term holders.

Craigs forecast EPS FY25 $2.62


https://www.nzx.com/announcements/450909

[Shareguy]

SHIPPING - Scrambling to gauge how President Trump's tariffs are flowing through the global economy, investors are seeking early signs in data from ports, truckers and railroads. Ryan Petersen, chief executive of Flexport, a San Francisco-based freight forwarder, said China-to-U.S. bookings have declined 60% since April 9. Petersen said that for the first time since his company was launched more than a decade ago, Vietnam is a bigger origin point. And ocean carriers have been cancelling sailings across the Pacific Ocean to the U.S. Almost 30% of such journeys were cancelled for the week ended May 4, according to Flexport. At the Port of Los Angeles, imports are expected to fall 35% this week compared with a year ago. "That's going to have a huge impact on the logistics industry," Petersen said. "Consumers probably won't see this until later." https://www.wsj.com/business