Long Term View: Mainfreight Ltd

In this series of posts I am going to be looking at stocks listed on the NZX in relation to their returns to shareholders over the life of their listing -what shareholders would now see in their back pockets if they had invested in the company IPO.

The calculation of returns includes dividends and tax credits.

Mainfreight Ltd [MFT.NZ] has been exceptional to its shareholders in terms of returns since its IPO in 1996 at $1.00 and its subsequent listing in June of that year and even better for its owners when founded in 1978. 2 bonus share issues, plus $NZ 1.33 (approx, adjusted for the bonus issues) in net dividends (see chart above) paid and tax credits at an average of 30% , gives MFT a slightly more than 830% return (see chart below for the share price percentage gain against the average of all NZX indexes) over the 14 year listing, an approximate annual net return of just under 60%.

This is approximately a 600% better return when compared to the average of all NZX indexes.


Disclosure: I own MFT shares in the Share Investor Portfolio.


Long Term View Series

Auckland International Airport
Air New Zealand
AMP Ltd
Briscoe Group Ltd
Contact Energy Ltd
Delegats Group Ltd
EBOS Group Ltd
Fletcher Building Ltd
Fisher & Paykel Appliances
Fisher & Paykel Healthcare
Freightways Ltd
Goodman Fielder Ltd
Hellaby Holdings Ltd
Metlifecare Ltd
Restaurant Brands Ltd
Sky City Entertainment Group Ltd
Telecom NZ Ltd
Telstra Corp Ltd
The Warehouse Group Ltd

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

Discuss MFT @ Share Investor Forum

Download Mainfreight Company Reports


Recommended Amazon Reading


The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
Buy new: $14.95 / Used from: $7.50
Usually ships in 24 hours




c Share Investor 2010

Jane Diplock Q & A Interview

Further to a story I posted last week about the Securities Commission and the board's conflicts of interest and general all round ineffectiveness we had the head of the SEC Jane Diplock, being interviewed by Paul Holmes on Q & A last Sunday.

There were crocodile tears and sympathy from Jane for those that got ripped off by Finance Companies/fund managers/investment advisers, like Lombard, Hanover, Blue Chip, Five Star, ANZ, Money Managers, Glegg & Co, Capital & Merchant Finance, Strategic Finance, Nathans Finance and all the individual dogs associated with these companies and more.

But enough of the hand wringing. Those people want justice and that is what the SEC is there for. All we got was this wet dream:

"Paul, I think if you asked me what keeps me awake at night, it is precisely that people have lost this money, and that people's hopes and dreams have been destroyed and the fact that they've lost the capacity; very, very intelligent people who'd saved for their retirement are facing enormous challenges as a result of this disaster. And frankly that's the thing that motivates me and worries me more than anything, and that's why we need to take action to bring the people to book who actually cause these collapses. " Jane Diplock, Q & A April 18, 2010

Enough of the sympathy Jane, we actually want you to do something but instead you spend most of your time overseas when you should be here managing this mess in a more effective and timely manner.

Your public utterances are meaningless unless you back them up with evidence leading to prison sentences and reparations and so far you have failed on both counts.

Q+A: Panel discusses Jane Diplock interview (5:28)

Related

Transcript of Interview
Securities Commission
Q & A
Full list of finance failures

Related Share Investor Reading

Securities Commission needs a clean out
Are you experienced?
Sky City share offer confusing and unfair for small shareholders
Sky City CEO doubles down
More Moola Please!
Sweetheart deal for Fletcher Building's friends makes small investors sick
What 11 years of Stockmarket investing has taught me
Nuplex rights decision a dilemna for shareholders
NZX sneaks out embarassing carbon disclosure after dark
The NZX continues to lose ground with retail investors
Bruce Sheppard: Mark Weldon - "The Sherrif of Nottingham"

Discuss this topic @ Share Investor Forum - Register free


From Fishpond.co.nz



Buy Bird on a Wire: The Inside Story from a Straight Talking CEO & more @ Fishpond.co.nz




c Share Investor 2010

Share Investor Q & A: Reader Questions to Xero's Rod Drury

After I wrote this small piece the other day about my interpretation of Rod Drury's interview on Radio New Zealand's Nine to Noon about his company Xero Ltd [XRO.NZ] he left a comment refuting some of what I said.

He kindly mentioned if I wanted to email him about questions I might have that could illuminate my mind on his company I was free to do so.

He also agreed to do a Share Investor Q & A to give his side of the story.

I know little about Rod and where he is going with Xero but he has many fans out there in techland and they are insanely loyal about the company, its products and its people and this will be my chance to get to know him and his company better. I am open to conversion!

I have some questions in mind to put to him but I would like to know what you guys think.

Leave your questions for Rod here, which is the comments part of this post, and I will include the best ones in the Q & A.

Cut-off time for questions is end of Tuesday 20 April, so don't dawdle.

NB - the interview will be posted here shortly so please stay tuned. There are more questions asked than I thought there would be and as Rod is a busy beaver he will need some time to answer in a manner that he sees fit.


Share Investor Q & As

Xero's Rod Drury
Mainfreight MD Don Braid
Burger Fuel Director Josef Roberts
Sky City CEO, Nigel Morrison
Sky City Entertainment: CEO Nigel Morrison discusses 2010 HY

Xero @ Share Investor

Share Investor Interview: Xero's Rod Drury
Xero Ltd: Download full Company Analysis
Rod Drury on Xero and Growing Business
Xero set for surprise to the Market?
Love Xero?
Share Investor's 2010 Stock Picks
Stock of the Week: Xero Ltd

Discuss Xero @ Share Investor Forum

Listen to Rod Drury Interview

Download Xero Company Reports


Recommended Amazon Reading

Xero For Dummies (For Dummies (Business & Personal Finance)) by Heather Smith Buy new: $26.68 / Used from: $12.37 Usually ships in 24 hours

c Share Investor 2010