Mainfreight

Snapshot: Mainfreight – beyond rational now?

There hasn’t been any update since mid-December from New Zealand’s Mainfreight, but nonetheless its value on the stock exchange reached yet another record high on 31 December: NZ$70 apiece.
For an implied market cap of US$4.93bn.
Which, in a nutshell, implies what exactly on a relative/fundamental basis?
For one thing, the increasingly growing forward disconnect between value and yield – one, respectively, too high the other too low? Pass, this is a high-quality …

The post Snapshot: Mainfreight...

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Supply chain radar: Mainfreight quietly rocks

Here’s a quick and dirty update for New Zealand’s Mainfreight. During today’s trading session, its stock hit another record high of NZ$63.
Brilliant – even more so for us when you consider what follows.
Keeping momentum while most 3PLs struggle to hang close to previous highs, the company softly updated the market on Monday via its December newsletter…
… which thankfully can be found here – it’s always good to read/learn more about …

The post Supply chain radar: Mainfreight quietly rocks...

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On the wires: ‘Monumental’ Mainfreight – healthy, all-organic & delicious

“Mainfreight is pleased to announce our half-year financial results to 30 September 2020 which are in line with the guidance issued in October, and a satisfactory improvement on the same period in the prior year.” – Mainfreight, 10 November 2020 (sourced from here; more here)
I was almost lost for words with New Zealand’s Mainfreight (MFT) after sifting through its interims – not even a sentence supplier helped out today, initially.
Then ‘monumental’ sprang to my …

The post On the wires:...

https://theloadstar.com/on-the-wires-monumental-mainfreight-healthy-all-organic-delicious/

Supply chain radar: Yet another wonderful dawn with WiseTech, Mainfreight & Kerry

Waking up early in the morning, European time, before trade subsides in Asia Pacific is such a pleasure when the performances of three public companies listed out there, all prominent on our radar, stand out. Even more so in days like these when a rising tide lifts all boats.
First off, Australia’s WiseTech (WTC), which hasn’t received a great deal of attention for some time. With its annual general meeting coming …

The post Supply chain radar: Yet another wonderful dawn with WiseTech,...

https://theloadstar.com/supply-chain-radar-yet-another-wonderful-dawn-with-wisetech-mainfreight-kerry/

Snapshot: Mainfreight’s rally – written in the stars

Here’s a short take for our shameless self-promotion corner: maybe you remember one of our latest updates concerning New Zealand’s Mainfreight (MFT) – it is here: “Taking a page out of Mainfreight’s book“.
In particular, these Premium remarks dated 4 August are well worth a reminder: “in short, the party may have just started for the multiples arbitrageurs.”
Enough said? Yes and no.
Since then, the stock breached another record high this week on …

The post Snapshot: Mainfreight’s rally – written...

https://theloadstar.com/snapshot-mainfreights-rally-written-in-the-stars/

M&A radar: Grab some popcorn with Mainfreight in Asia

From afar, New Zealand has always seemed like an almost mythically attractive place.
Lush, prosperous and tolerant, it has none of the alarming wildlife common to its northern neighbour, and appears to outsiders to be very competently run, not least during the Covid-19 crisis.
Little surprise, then, that it is also home to a play-it-safe logistics company – Mainfreight – which, on the face of things, smartly outperforms the global industry and …

The post M&A radar: Grab some popcorn with...

https://theloadstar.com/ma-radar-grab-some-popcorn-with-mainfreight-in-asia/

Supply chain radar: ‘Distraught?’ Exposure in the dog days of summer

Barring the really weird action of New Zealand’s Mainfreight stock last Friday, briefly down ~ 10% at one point the day after its full annuals were published…
… and a breakout moment that for Australia’s WiseTech has turned sour after a solid rally since mid-March…
…. Hapag-Lloyd’s rollercoaster remains unbeatable out of all those happy supply chain players on our radar.
Sigh
When, changing hands just below €70, I wondered if its stock was only halfway …

The post Supply chain radar:...

https://theloadstar.com/supply-chain-radar-distraught-exposure-in-the-dog-days-of-summer/

On the wires: Mainfreight up 11% – signed, sealed, delivered

Please find here the preliminary full-year results released by New Zealand’s Mainfreight today. More details can also be found here, in what is a short update as we extensively covered the company in recent times.
In a nutshell, this is a cash flow machine with core, trailing free cash flow yield at 4.3% and totally manageable net leverage. The balance sheet and P&L were in good order too, as expected.
Want more?
Read this.
Then, …

The post On the wires: Mainfreight up 11% – signed, sealed,...

https://theloadstar.com/on-the-wires-mainfreight-up-11-signed-sealed-delivered/

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