Showing posts with label Mainfreight Ltd. Show all posts
Showing posts with label Mainfreight Ltd. Show all posts

Thursday, May 10, 2018

Share Investor: Mainfreights Don Braid with Corin Dann





An interesting 15 mins or so with Don Braid that I initially missed.

You can see him start to get annoyed by Corins move to the negative with his questions.

Don is ALWAYS positive!!

Enjoy.

Don Braid says they are also trying to move to electric fork lifts and make greater use of solar power in their buildings.

Meanwhile, despite headline business confidence being weak in many surveys at the moment, Mr Braid says he's feeling optimistic about the economic outlook for New Zealand and he doesn't know why other businesses are grumpy.

He says for the transport sector the new government is actually providing more stability by being mode natural when it comes to transport infrastructure.




Mainfreight @ Share Investor

Share Investor Interview: Mainfreight's MD Don Braid
Stock of the Week: Mainfreight Ltd
Questions to Mainfreight's MD Don Braid
I'm Buying: Mainfreight Management delivers the goods
Mainfreight Annual Report Packs a Punch
Analysis - Mainfreight Ltd: FY Profit to 31/03/09
Mainfreight VS KiwiRail: The Sequel
Long VS Short: Mainfreight Ltd
Why did you buy that stock? [Mainfreight Ltd]
Mainfreight 2008 Annual report worth reading
KiwiRail will cost Mainfreight
Mainfreight keeps on truckin
A rare breed
Share Investor's 2008 stock picks





Share Investor  2018













Monday, April 3, 2017

Is Mainfreight Worth 30 Bucks Per Share?

Image result for 30 dollar note nz


Related image

I don't know about you but I have been watching the upwards trend in share price of Mainfreight Ltd [MFT.NZwith much interest.

First of all its no surprise to me why its up.

Its well run, self critical and critical of others where its business is being affected and very few announcements to the market.

Lets have a look at some essential figs.

2017

*Net Reported Profit  88 mil
*Price Earnings Ratio (P/E) 23.29
*Earnings per Share (EPS) 96.24
*Net Tangible Assets per share 329.21c
*Total Net Div Paid (last full financial year) 40c
*Div Yield 1.6%
*Market Cap 2,275,000,000



*2016


*Net Reported Profit   88 mil

*Price Earnings Ratio (P/E) 22.65
*Earnings per Share (EPS) 96.24
*Net Tangible Assets per share 329.21c
*Total Net Div Paid (last full financial year) 40c
*Div Yield 1.79%
*Market Cap 2,079,000,000

*Dec 30



2011


*Net Reported Profit  26 mil

*Price Earnings Ratio (P/E) 13.92 
*Earnings per Share (EPS) 47.88
*Net Tangible Assets per share 1.86
*Total Net Div Paid (last full financial year) 19c
*Div Yield 2.24%
*Market Cap 880,000,000


Source - Morningstar


Since Dec 30 2016 when the share price was $20.71 the share has packed on nearly 2 bucks to be trading at $22.60 currently.


It is trading at these record levels largely because of positive sentiment and it is because it is a great company.


I don't have any motivations either way, i'm keeping this stock until the day I die with a possible big payoff when the vultures circle and they will but either way I don't think it will be enough to tempt the heads of Mainfreight.


It certainly won't tempt me. You would have to be talking well north of $50 to get me to release these.


I'm enjoying this run and feel this May's profit announcement will be a stunner.


The global logistics biz can be a hard beast at the best of times but I feel - the second feel in as many sentences -  that Mainfreight have finally got their ducks in a row.


Can't wait until 30th May. 




Mainfreight @ Share Investor

Read the MFT 2011 FY Presentation

Is Mainfreight Worth 20 Bucks Plus a Share?
Share Price Alert: Mainfreight Ltd 2
Mainfreight's European Acquisition a Good Move
Share Price Alert: Mainfreight Ltd
Investing in the Stockmarket: Timing your Purchase
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Mainfreight 2008 Annual report worth reading
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A rare breed
Share Investor's 2008 stock picks

Discuss MFT @ Share Investor Forum
Download Mainfreight Company Reports







Share Investor 2017





Friday, December 30, 2016

Is Mainfreight Worth 20 Bucks Plus a Share?


Image result for 20 4 note nz


The last time we visited Mainfreight Ltd [MFT.NZ] it was worth just over 10 bucks, just 6.5 years latter it is worth $20.71.

We should look at a few facts first to dispel any myths surrounding the company.


2016

*Net Reported Profit   88 mil
*Price Earnings Ratio (P/E) 22.65
*Earnings per Share (EPS) 96.24
*Net Tangible Assets per share 329.21c
*Total Net Div Paid (last full financial year) 40c
*Div Yield 1.79%
*Market Cap 2,079,000,000


2011

*Net Reported Profit  26 mil
*Price Earnings Ratio (P/E) 13.92 
*Earnings per Share (EPS) 47.88
*Net Tangible Assets per share 1.86
*Total Net Div Paid (last full financial year) 19c
*Div Yield 2.24%
*Market Cap 880,000,000


Source - Morningstar


The figures obviously speak for themselves.

The 2 sets of figures make the 2016 figures look good by comparison. 

I'm not going into the many other sets of figs like net/debt equity or the net margin as a % but they are generally within the range of a good corporate citizen.

Mainfreight would not operate any other way.

If you want to delve into these find another blog - I'm no longer capable of doing such things. 

Except to say if they ever break with tradition and find another way of reporting profit, I'm outta here.

I don't think that's going to happened any time soon because it seems ingrained deep within the Mainfreight culture that flim flam and politically correct nonsense does not exist.  

Good.

The company are looking set to tap that 3 billion sales mark within the next 5 years and there are all sorts of lofty figures that they have as a company as aspirations to set.

Now they just have to achieve these.

Not easy.

But logistics isnt easy and its not supposed to be.

Every client that they have is picked apart and put back together again to see if there is a more efficient way of doing things.

They seem to (and I say seem because I've only seen them operate at a distance not actually operate) really genuinely care about every client, like they are all on the same team.

I genuinely think this company could be a big player within the global logistics community within the next 10 years.

It really is up to them if there share price goes up from here - they are not going to split the shares.

Is it worth 20 plus bucks a share?

Sure, if you believe the company is on an every increasing arc of successfulness.

But if your like me you'll wait for that nervous investor who sells out, that big overseas institution who decides to leave NZ. 

The price then drops then your in like a robbers dog if this company has been on your radar for some time.

Your welcome.


Mainfreight @ Shareinvestor


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Share Investor 2011-2017

Tuesday, November 10, 2015

Mainfreight: 10 Billion in 10 years

Christmas Pest IT - Mainfreight

Tis merely a blip in the ocean one could say about today's announcement of profit for the Mainfreight Group [MFT.NZ]

Which mean all the expense was done in the previous half, new or extended warehouses in Auckland, Hamilton, Christchurch, Melbourne, Brisbane and the revenue failed to come in the second half - its already picking up in October and November.

Its just a matter of time and time has already added about NZ$100 million to revenue.

Revenue in New Zealand rose 5.9 percent to about $271 million and earnings before interest, tax, depreciation and amortisation fell 3 percent to $29 million, but the company doesn't expect overhead and wage costs will need to rise further as volumes increase.

In Australia, sales rose 5.2 percent to A$248.6 million, while Ebitda fell 14 percent to A$13.2 million. The performance of its domestic transport business in Australia "was well below our expectations", contributing to the "less-than satisfactory" 26 percent drop in first-half Ebitda.
"Overhead cost increases, a declining gross margin and poor sales growth were all factors affecting the result," it said.

It should concentrate on sales growth for the following half.

In the Americas, its Mainfreight USA business lifted first-half sales by 16 percent to US$155.4 million, while Ebitda fell 13 percent to US$4.96 million. Its air and ocean business recorded 32 percent sales growth and 27 percent earnings growth. That was offset by weaker earnings from domestic operations, where sales rose 2.9 percent and Ebitda dropped 37 percent, reflecting expansion of its line-haul routes and new logistics warehouse facilities in Los Angeles, Dallas and New Jersey.

This is part of the cost that I mentioned earlier and a really exciting part of the growth seeing these towns come under the Mainfreight wing. Just like New Zealand did all those years ago. You will see untold growth coming from these areas, especially Dallas, which I have an interest in.

Mainfreight reported improved results in Europe, with sales edging up 0.7 percent to 130.8 million euros and earnings gaining 14 percent to 5.9 million euros. It posted an improved performance from its European forwarding and transport operations, helped by a turnaround in its Belgian business. Its logistics operations "continue to show progress, and it noted "good momentum" in air and ocean. Those trends were expected to continue through the second half.

The Euros always have been an anathema to me but they will eventually come right, Mainfreight will tell you themselves they paid way too much for it.

I believe the Mainfreight business is in fine form, just going over one of the many bumps in the road on the way to the 10 billion in 10 years.


Mainfreight @ Share Investor


Mainfreight's European Aquisition a Good Move
Share Price Alert: Mainfreight Ltd
Investing in the Stockmarket: Timing your Purchase
Stock of the Week: Mainfreight Ltd
Mainfreight Ltd: 2011 1st quarter Profit Analysis
VIDEO: Don Braid with Paul Homes on the Economy
Mainfreight Ltd: Full Year 2010 Profit Analysis
Long Term View: Mainfreight Ltd
Share Investor Interview: Mainfreight's MD Don Braid
Stock of the Week: Mainfreight Ltd
Questions to Mainfreight's MD Don Braid
I'm Buying: Mainfreight Management delivers the goods
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Analysis - Mainfreight Ltd: FY Profit to 31/03/09
Mainfreight VS KiwiRail: The Sequel
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Mainfreight 2008 Annual report worth reading
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A rare breed
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Discuss MFT @ Share Investor Forum






c Share Investor 2015





Saturday, December 10, 2011

GUEST POST: Business Leader of the Year Winner - Don Braid

Something this Mainfreight Ltd [MFT.NZ] shareholder has known for years - He is the best leader of a business in New Zealand. Well done herald for recognising this and congratulations Don.

By Christopher Adams 5:30 AM Saturday Dec 10, 2011
Dogged determination, drive and eternal optimism - they're all qualities Don Braid exudes.

Mainfreight's straight-talking group managing director has an infectious zest for business.
Even Europe's ongoing economic turmoil fails to dampen Braid's optimism, despite the Kiwi logistics operator having spent more than $200 million buying a Netherlands-based freight firm earlier this year, giving it a European footprint for the first time in its more than three-decade history.

Since the acquisition of the Wim Bosman Group the eurozone has spiralled to the brink of economic disaster, but 52-year-old Braid says doing business on the debt-ravaged continent is nothing other than an "exciting" prospect.

He points out that 172 million people live within a 350 km radius of Wim Bosman's headquarters in's-Heerenberg, on the Dutch-German border.

"You can imagine what they need to eat, drink and use," says Braid in the boardroom of Mainfreight's building in Otahuhu. "That gives us an enormous amount of opportunity."

And he should know, having spent his entire working life in the freight industry.

After leaving Timaru Boys' High School Braid joined the New Zealand Shipping Corporation as a clerk in 1976. His father was a truck driver, but he says that didn't influence his career decisions.

"I probably wasn't qualified enough to go to university," Braid says. "I think I've always enjoyed business, from an early age, so to be involved like I am today has been great. I'm pleased I didn't do anything else."

Mainfreight shareholders would be similarly pleased.

In the decade Braid has spent at its helm, the company has become a global logistics player with operations on every populated continent apart from Africa.

In the 12 months to March 31, Mainfreight - which has been one of the top performing stocks on the NZX this year - posted record sales of $1.34 billion. The company is on track to go close to the $2 billion mark in its current financial year, Braid says, having already posted an almost $900 million revenue for the six months to September.

Bruce Plested, the firm's executive chairman who founded the company in 1978 with $7200 and a 1969 Bedford truck, recalls the day in 1994 when Braid - then a Freightways Group employee - had the job of pitching its Daily Freightways business to Mainfreight, which it acquired that year.
"Don gave this glowing account of [Daily Freightways] and I kept looking at him and thinking 'what a lot of bullshit'," Plested says.

"But I was fascinated that he could present this picture of a skeleton of a company ... and present it so brightly."

Braid, who joined Mainfreight through its purchase of Daily Freightways, says the company hasn't let the last few years of economic upheaval dull its ambitions.

"You need some energy and you need to be on the front foot," he says. "If you allow the recession to roll over the top of you there's a great chance it will."

While many of its NZX-50 peers have entered a period of stagnation, Mainfreight - it seems - thrives on hard times.

It has largely grown earnings and revenue since 2008 and tripled its share price between early 2009 and today.

"I think we're a better business because of adverse economic conditions, there's no doubt about that," he says.

Braid has been a beneficiary of the meteoric rise in Mainfreight's share price. He owns a 3 per cent stake in the firm, worth about $29 million.

The firm has earned a reputation within the market for being slickly-run.

New Zealand Shareholders' Association corporate liaison Des Hunt says Braid is one of the most effective listed company bosses in this country.

"He never talks about himself and always talks about long-term goals," Hunt says. "He never moans about the currency and is always positive."

Plested says that within a few months of the firm's acquisition of Daily Freightways, which became Daily Freight under Mainfreight ownership, he came to recognise Braid's strengths.

"He's sporting and tough and makes decisions quite fast," Plested says. "He implements things very well and you don't have to remind him about anything you're trying to achieve. He's got plenty of charm if he wants to have it ... and his leadership skills just stand out - people want to stand next to him."

Braid goes to great lengths to stress that the company's success is the result of the efforts of its entire, 5167-member "team" around the world.

"It's not about what I've done - it's about what we've done and what the business has done," he says.
Use of the word "staff" is banned within the company - one of a range of idiosyncrasies particular to the logistics firm.

Braid recalls with horror the memory of listening to a chief executive refer to her workers as "FTEs" - full-time equivalents - during a radio interview.

"I just think that's disgusting," he says.

Private parking spaces are also banned at Mainfreight - the group managing director has to find himself a spot in the carpark each morning after he drives through the front gate.

Offices are outlawed, even for Braid, whose desk is situated in the corner of a large, open-plan room occupied by the company's national team.

And analysts have been warned that they "won't get a second interview" if they make that mistake of calling Mainfreight a "trucking company".

Kiwis know the firm largely through its blue trucks that ply our highways, but the company also utilises sea, train and air freight to transport goods around the world.

"It's just a little rule that we've had because if they [analysts] keep calling us a trucking company they clearly haven't done their research."

Weekly operational reports are posted on the wall of the company cafeteria in Otahuhu, where all team members, including Braid, eat at a single, long table.

"There's no bureaucracy or hierarchy or superiority in the business. We're trying to break all that down."

Braid says the company strives to be de-centralised through giving responsibility to all individuals in the business and letting them make decisions.

Mainfreight people, he says, don't "live in question marks".

Like most Kiwi business leaders, Braid is self-effacing and doesn't fancy talking to journalists about his life outside the company.

"I don't think any of those things are really of interest to this," he says. "We need to try and paint the picture around Mainfreight here and what Mainfreight is, that to me is of more interest than whether I like rugby or cricket.

Why we chose Don Braid for top honour

Mainfreight's Don Braid rose above a solid field of finalists to be named New Zealand Herald Business Leader of Year.

His company has been a shining example of success amid tough global economic conditions.
Braid has earned a reputation within the market as a straight talker and one of the most effective NZX-50 bosses.

While many companies have been battening down the hatches this year, Mainfreight has been on the acquisition trail - purchasing a Netherlands-based freight business which operates in Belgium, France, Romania and Poland and Russia.

The company posted record earnings and revenue for its last full year and has continued to break records this financial year.

Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year.
The firm's shares have been one of the best performing stocks on the NZX, returning more than 20 per cent in the year to date.

Forsyth Barr analyst Rob Mercer said the market had confidence in Mainfreight after it managed to grow revenue and market share and outperform its peers during the global financial crisis.

Other finalists were: Briscoe Group managing director Rod Duke, NZX chief executive Mark Weldon, ex-Fonterra chief executive Andrew Ferrier, Xero founder Rod Drury, LanzaTech chief executive Jennifer Holmgren, Ngai Tahu Holdings Corp chief executive Greg Campbell, TZ1 founding chief executive and former Microsoft New Zealand chief executive Helen Robinson, Farmers/Whitcoulls owners David and Anne Norman and Ryman Healthcare chief executive Simon Challies.

Disc I own MFT shares in the Share Investor Portfolio


Mainfreight @ Share Investor

Share Price Alert: Mainfreight Ltd 3
Mainfreight's European Aquisition a Good Move
Share Price Alert: Mainfreight Ltd
Investing in the Stockmarket: Timing your Purchase
Stock of the Week: Mainfreight Ltd
Mainfreight Ltd: 2011 1st quarter Profit Analysis
VIDEO: Don Braid with Paul Homes on the Economy
Mainfreight Ltd: Full Year 2010 Profit Analysis
Long Term View: Mainfreight Ltd
Share Investor Interview: Mainfreight's MD Don Braid
Stock of the Week: Mainfreight Ltd
Questions to Mainfreight's MD Don Braid
I'm Buying: Mainfreight Management delivers the goods
Mainfreight Annual Report Packs a Punch
Analysis - Mainfreight Ltd: FY Profit to 31/03/09
Mainfreight VS KiwiRail: The Sequel
Long VS Short: Mainfreight Ltd
Why did you buy that stock? [Mainfreight Ltd]
Mainfreight 2008 Annual report worth reading
KiwiRail will cost Mainfreight
Mainfreight keeps on truckin
A rare breed
Share Investor's 2008 stock picks

Discuss MFT @ Share Investor Forum

Download Mainfreight Company Reports


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c Share Investor 2011


Friday, December 2, 2011

Share Price Alert: Mainfreight Ltd 3



Mainfreight Ltd [MFT.NZX] had a great 2012 first half result announced at the beginning of November and since then the share price has rallied from around $9.75 to close at $10.48 yesterday - a rise of just over 7%.

The share price has rallied from $7.25 12 months ago and touched an all-time high of $10.75 in August and at yesterday's closing price gives this stock a rise of well over 40% in a market that has been flatish.

The thing is, as good as the November result is and indications from management that things are looking good for the next quarter, the share price really has gotten away from the realities of the short to medium term prospects for the company.

While the company is doing well right now the European banking crises and the fallout from that cannot be discounted and new investors in Mainfreight, in my humble and not so humble opinion have not factored this in.

International trade is likely to be impacted from the Euro situation, how badly we don't know, but this will clearly have an impact on logistics operators like MFT and their recent acquisition of European logistics company Wim Bosman Group will probably be the hardest hit.

I must add that the company is the best run NZX listed company in New Zealand and has done well to manage through the last 3 years of economic turmoil but the share price is well over valued and will pull back at some stage.

I am contemplating selling my holding for a good 120% plus gain over 4 years and buying back at a latter stage.

Watch for a pull-back to below 6 bucks on an international trade slow-down.


Disc I own MFT shares in the Share Investor Portfolio

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From Fishpond.co.nz


Every Bastard Says No: The 42 Below Story

Buy Every Bastard Says No - The 42 Below Story, by Geoff Ross & Justine Troy & more @ Fishpond.co.nz

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c Share Investor 2011


Friday, August 12, 2011

Mainfreight Ltd: 1st Quarter to June 2011 Profit Review

Mainfreight Ltd [MFT.NZX] 1st quarter results to June 30 2011 have been nothing short of spectacular, even if you strip out the contribution from the Wim Bosman Group

Not only has the recent acquisition of Wim Bosman Group proven to be a winner but the company has also grown organically across most geographical areas of operation.

The company booked a net profit of $14.22 million for the first three months of the 2012 financial year; an increase of 109% on the previous year’s result of $6.82 million (excluding abnormals the increase was 115%). This was on revenue of $449.86 million up 43% from $315.25 million in the comparable quarter last year. Revenue excluding Wim Bosman contributions saw sales improve 5% to $331.04 million.

The fact that the company did so well during a global economic downturn is once again down to good cost controls and great management of the business from the top down to be able to grab the extra business that they have.

Key Points

* Net profit of $14.22 million for the first three months of the 2012 financial year, an increase of 109% on the previous year’s result of $6.82 million (excluding abnormals the increase was 115%)

*Revenue increased by 43% to $449.86 million, from $315.25 million in the comparative period last year. Excluding Wim Bosman contributions, sales improved 5% to $331.04 million.

* With the exception of Asian operations Mainfreight has experienced growth momentum for all their business operations.

* Wim Bosman Group acquisition proven a good fit in the first 3 months of inclusion within the Mainfreight group and management confident of building on the gains made for this quarter compared to the 2010 comparable period.

The company has given a nod to the market that this first quarter result is in line with their expectations and the commentary provided at the MFT AGM in late July.

July and August have continued to trade well and management expect the 2012 financial year to be an improvement on 2011.

You can not get much better than this.

9.8 out of 10

Disc I own MFT shares in the Share Investor Portfolio


Mainfreight @ Share Investor

Read the MFT 2011 FY Profit Presentation

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Is Mainfreight Worth Ten Bucks a Share?
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Why did you buy that stock? [Mainfreight Ltd]
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Share Investor's 2008 stock picks

Discuss MFT @ Share Investor Forum
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c Share Investor 2011