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.
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c Share Investor 2011
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