MFT - Mainfreight Ltd

[Bongo666]

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http://www.mainfreight.com/

KiwiRail under price pressure.docx

MFT - Annual Report 2009.pdf

[Bongo666]

Mainfreight continues to rightly pressure KiwiRail to do the right thing and stop their predatory pricing and subsidising from the taxpayer.

Mainfreight managing director Don Braid said KiwiRail was asking for money from the Government when it could be earning more by charging a major customer the same as other customers.

"KiwiRail needs every cent it can get and here it is with poor negotiation abilities. They are missing out on valuable revenue that should be being paid by an Australian transport provider." See attachment below for full article

Don has had a public go at this twice before since KiwiRail was bought back buy the taxpayer a year ago.

Either sell it or give private business a fair go

[Lavender Lover]

Originally posted by Bongo666 » Fri May 15, 2009 11:27 pm

Stuff.co.nz has just done a poll on who is the saviest CEO in New Zealand.

Of the 5 John Fellet from Sky Television came out at number one.

I voted for Don Braid, CEO of Mainfreight.

Braid has grown the business from a small one truck company into a global enterprise that is ready to comptete in a serious global way.

He doesnt suffer fools gladly, is honest straightforward, fosters a GREAT company culture and doesnt bullshit like alot of NZ CEOs.

I am a shareholder

See stuff story:

http://www.stuff.co.nz/business/opinion ... nniest-CEO

Picked up a few thousand MFT today. I like the long term picture and could get some more if the mood and my wallet takes me.

Ahhh, too much time so little money!

[Bongo666]

Check out my analysis of Mainfreights latest profit result Lavender Lover. They are facing tough times. Their debt has increased substantially over the last year.

[Bongo666]

The news today that the trucking industry will soon be able to load 6 tonnes more onto their tonnages means good news for Mainfreight and other trucking companies and great news for productivity in New Zealand.

[Bongo666]

2009 Mainfreight Annual Report 6.5 MB

The latest Mainfreight Annual Report is worth a read just for MD Don Braids comments alone. It packs a punch !

[Bongo666]

I couldn't resist buying more shares yesterday. 1875 @ $4.20.

My dad was a truckie, what can I say...

[Bongo666]

The Mainfreight Share Investor Interview with MD Don Braid will be coming next week....

[Bongo666]

With a more than 30% rise since I bought more of this stock a few months back at $4.20 I dont see how that is sustainable in the short to medium term. Over cooked

[Maya]

I bought a few thousand below the $4 mark and am sticking this one away in my bottom draw for the long haul

Some of you boys out there are just too impatient

[Mustang Lover]

Maya, they should do well again as the economy recovers. I have held since IPO back in the 1990s and I am more than happy to continue holding as long as current management stay.

[Stocky]

Looks like the worst could be over for MFT. The last quarter staged an awesome recovery. Will it continue?


DISC: MFT holder