Mainfreight Ltd: Top returns for the last 10 years

An interesting graph from today's Mainfreight Ltd [MFT.NZX] annual meeting that I will one day attend when I am not working and I believe was held at a flash South Auckland Winery.

The text of the meeting is essential reading for Mainfreight co owners like myself and investors who have not plunked down their shekels for a piece of this company will get some insight into how the company has done over the last year and where they will be going over the next 12 months and more.

Interestingly the meeting has highlighted the performance of MFT as an investment and over the last 10 years to 31 March 2011 the company has come out on top with a near 30% annual return.

Out of the 9 companies on the graph I hold 5, so I am pretty chuffed, especially the placement of Ryman Healthcare Ltd [RYM.NZX] at number 3.

I am betting MFT and RYM will be near the top over the next 10 years.


Disc I own MFT shares in the Share Investor Portfolio


Mainfreight @ Share Investor

Read the MFT 2011 FY Profit Presentation

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Share Investor's 2008 stock picks

Discuss MFT @ Share Investor Forum
Download Mainfreight Company Reports



From Fishpond.co.nz - Every Bastard Says No: The 42 Below Story





c Share Investor 2011

2011 NBR Rich List

The 25th annual 2011 NBR Rich List (see detail at NBR )was out this morning and revealed the usual bunch of multimillionaires with a few additions to last year and some notable omissions from the 2010 list.

Graham Hart topped the list with a $6 billion plus fortune and there was an inclusion for the second time by Rod Drury, CEO of Xero Ltd [XRO,NZ] whose wealth has increased to 72 million from last year.

The usual entry of old money from the likes of the Myers, Todds, Fay, Richwhites and Spencers also continue to eek out places in the top ten.

Priminister John Key was ranked near the bottom with $55 million in wealth.

Once again I am not on the list this year but will keep trying.

The Full List

HART Graeme

$6.5b

CHANDLER Richard

$4b

TODD family

$2.7b

CLEARY Eamon

$2b

CHANDLER Christopher

$1.5b

ERCEG Lynne

$1.5b

FRIEDLANDER Michael

$900m

JENNINGS Stephen

$900m

GLENN Owen

$900m

GOODMAN family

$850m

MYERS Sir Douglas

$800m

RICHWHITE David

$725m

FAY Sir Michael

$725m

SPENCER family

$650m

COOPER Peter

$600m

JACKSON Sir Peter

$560m

GOODFELLOW family

$540m

GIBBS Alan

$420m

FARMER Trevor

$400m

JONES Sir Robert

$400m

NORMAN Anne & David

$400m

CAMERON Jan

$380m

GREEN Hugh

$350m

TINDALL Sir Stephen

$325m

GOUGH family

$310m

MORGAN Sam

$305m

COPSON John

$300m

DUKE Rod

$300m

GILTRAP Colin

$300m

TALLEY family

$300m

FULTON family

$295m

LEVENE Sir David

$280m

STEWART family

$270m

BURR Adrian

$250m

RICHARDSON family

$250m

HILL Sir Michael

$245m

WYBORN Mark

$240m

COOK Cliff

$235m

DRINKROW family

$220m

HEATLEY Craig

$220m

HORTON family

$220m

KERR George

$220m

LANE Gary

$220m

WATSON Eric

$220m

MANSON family

$210m

SIMUNOVICH family

$200m

DOUGLAS family

$190m

MACE Christopher

$190m

TEECE David

$190m

VELA family

$190m

HOGAN family

$180m

PLESTED Bruce

$180m

FOREMAN Diane

$175m

BRIERLEY Sir Ron

$170m

STEVENSON family

$170m

BAYLEY family

$165m

CHRICHTON Neville

$165m

GALLAGHER family

$160m

WILLIAMS Tim

$160m

DELEGAT Jim and Rosemari

$150m

HOLDSWORTH John

$150m

HICKMAN Kevin

$135m

GREGORY Cameron

$135m

FISTONICH Sir George

$130m

BAGNALL Andrew

$125m

ROBINSON family

$125m

WOOD Tim & Nic

$120m

REID Michael

$120m

MCLAREN Don

$120m

KIRKPATRICK James

$120m

CUSHING Sir Selwyn

$120m

BARFOOT family

$120m

THOMPSON family

$120m

WALLACE Sir James

$110m

WALLACE Sir James

$110m

TURNER family

$110m

OUTTRIM Steve

$110m

MULLER David

$110m

GIESEN family

$110m

COLMAN Barry

$105m

CAUGHEY family

$105m

HIGGINS family

$100m

PYE Wendy

$100m

MORRISON Lloyd

$100m

LOWE family

$100m

HULJICH family

$100m

HOPPER family

$100m

HOGAN Sir Patrick

$100m

STANFORD Nigel

$95m

McCAW Phil

$95m

INGER Glen

$95m

HARVEY family

$95m

ABBOTT Richard

$95m

PERRY family

$90m

MILLS Phillip & Jacqui

$90m

EDGAR Sir Eion

$90m

CARTER Philip

$90m

ADAMS Paul

$90m

TITCHENER family

$85m

SKEGGS family

$85m

SAX John

$85m

SAVAGE Roy

$85m

PEACE Brian

$85m

JARVIS Terry

$85m

BULLIVANT Vaughan

$85m

FOSTER Robert

$85m

ANDERSON Ron

$85m

RICHTER Mark

$80m

MARRIS family

$80m

HOLYOAKE Noel

$80m

DAVIES John

$80m

BRADLEY Richard

$80m

HYNDS family

$75m

GLASSON Tim

$75m

YEALANDS Peter

$75m

ULLRICH Gilbert

$75m

THOMAS Barry

$75m

SMITH Nick & Julian

$75m

PAYKEL family

$75m

NIGHTINGALE family

$75m

DRURY Rod

$72m

SINGLETON Lester

$70m

ROGERS Lionel

$70m

MCVICAR family

$70m

IZARD Richard

$70m

HOGGARD Kerry

$70m

FLETCHER family

$70m

BURDON Philip

$70m

BABICH family

$70m

AVERY Graeme

$70m

WALLIS family

$70m

VAN DEN BRINK family

$70m

TIMPSON Tony

$70m

SMITH Andrew

$70m

WALKINGTON Nigel & Rosemary

$65m

MAIRE Sir Peter

$65m

HADDLETON Guy & Sue

$65m

GRAHAM Neil

$65m

COON Christopher

$65m

BAKER Grant

$65m

ALPE Chris

$65m

MILLAR Ken

$60m

JORDAN Neville

$60m

JEFFERY Alistair

$60m

BALCOMBE-LANGRIDGE Richard

$60m

GIBBONS family

$55m

KEY John

$55m

RYDER John

$50m

HENRY Simon

$50m

BUTTERFIELD John

$50m

BEDOGNI John

$50m

NBR Rich List @ Share Investor

2010 NBR Rich List
2009 NBR Rich List
2008 NBR Rich List

From Fishpond.co.nz



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




c Share Investor 2011

Labour Voters better off under Key

I wrote a post about our priminister John Key back in July 2008 that his success should be celebrated rather than used against him in a political way as it has been with the Labour Party, the rabid left media and Labour's mates in the unions.

No matter what you think of his politics John Key is a man that the "right" and "left" should aspire to be like. From humble beginnings living in State house with just his Mum bringing him up, to running a country that has had the worst global economic conditions for more than 70 years, natural disasters by the score and an opposition mired in the controversy of leadership challenges, sex scandals and the promise of economy wrecking massive high tax rates for all if it is lucky enough to be voted in this November, John Key has risen above the chaff and made what I think is a pretty good job of managing New Zealand Inc.

While I dont agree with most of his left of centre policies, his management of our economy has been laudable in the light of MMP politics and the Nats want to cosy up the the racism and welfarism of the Maori party that has had impacts in relation to keeping the huge unaffordable welfare net some have become used to. He has in short out leftied the sniveling left's socialist agenda the Labour party have tried to occupy and also managed to continue to capture the National vote to boot. No mean feat.

Mr Key is a likable man, for sure, but the reason for his current popularity goes deeper than that. Across the political sphere people can see that he has made a success of himself and even the rabid left media in this country from time to time see that admirable quality in him as a fighter, a quality that all of us as New Zealanders can relate and aspire to. To make a success of oneself no matter where one comes from and no matter what sort of family background that an individual is born into. This is a quality that supersedes politics and with Key as a shining example of this as our leader, the inspirational qualities of what he has achieved are clearly positive for us as a people and a good way forward for the future.

On this alone even those who traditionally vote for Labour and the left in general would be better off voting for Key. Policies that incentivise working rather than welfare and lower taxes for those who want to earn more are clear positives for the economy and our country and a good long-term future. Keys experience in knowing how an economy runs is in stark contrast to the Labour parties Robin Hood snatch and grab and a propensity to misunderstand even basic economics if it means there is a vote in it.

Labour have lost their way and its policies of envy and greed in the form of taxing those who work to give to others who don't and the growth of a much bigger Government is the last vestige of Socialism which the country needs and I believe wants to leave behind.

Let us celebrate the success of people like John Key, rather than being petty and envious. Remember if he can get where he has from his background of deprivation, anyone can.

That is what we should be voting for come November 26.

NEW - From Fishpond.co.nz | Think Bigger, By Michael Hill

Darren Rickard 2011