Is Mainfreight Worth 30 Bucks Per Share?

Editors Gloating note: I have republished this in honour of the precedent set yesterday. Long may it continue.


I don't know about you but I have been watching the upwards trend in share price of Mainfreight Ltd [MFT.NZ] with 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
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 @ Shareinvestor 








c Share Investor 2017

Hallenstein Glasson: What Do I Do?

Hallenstein Glasson Holdings Ltd is a stock I haven't looked at here since Jan 23 2017.

In case your wondering I now operate from here.

I have owned this particular stock this time for 7 years.

I write this particular column this time because of the recent rise in share price from just under 4 bucks at the beginning of the year to finish yesterday at $6.03.

People like me have loved this stock for years. It is well run by a bunch of penny pincers and has no debt.

As of writing its still paying a net 6.23 % div, which is the MOST on the New Zealand market.

It looks like it is finally making head way and they have got all their ducks in a row.

Online they are doing exceptionally well and Glassons and Hallensteins, their two brands have not really done any better.

They have in fact got a mate who is buying up Hallensteins shares 1a for the past 3 weeks and he now owns - buy my calculations - around 10% of outstanding shares. 

Which makes him the 2nd largest shareholder after Tim Glasson.

I own this stock because it pays me well over a 20% pa return and I have no problem keeping it.

You would have to give me somewhere north of $7 bucks to get rid of it.

You would own it first for its still good return and for the fact that some other chap about 2000 miles from here is interested too.

DYOR. 



Hallenstein Glasson @ Share Investor


Hallenstein Glasson: Sold By Days End?
Share Price Alert: Hallenstein Glasson Holdings Ltd 3
Share Price Alert: Hallenstein Glasson Holdings Ltd 2
Share Price Alert: Hallenstein Glasson Holdings Ltd
Hallenstein Glassons Ltd: Should I stay or should I Go?
Mixed Retail Outlook
Long Term View: Hallenstein Glasson Holdings Ltd
The History Of: Hallenstein Glasson Holdings Ltd
Hallenstein Guidance not indicative of wider retail recovery
Stock of the Week: Hallenstein Glasson
Hallenstein Glasson Australian expansion needs expert execution
Why did you buy that stock? [Hallenstein Glasson]

Discuss HLG @ Share Investor Group 




c Share Investor 2018

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How ANZ and ING squandered 800 million
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This book is downloadable now free from  Share Investor Group

c Share Investor 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




c Share Investor  2018