Comment / Mainfreight – a healthier Bolloré Logistics

ID 180741 © Grinerswife | Dreamstime.com

For the past year, month after month, New Zealand’s Mainfreight (MFT) has been a ghost trade  – its underlying business, as usual, firing on all cylinders.

But changing market conditions are taking their toll.

Trade 

The invisible hand of Mr Market has led its stock to trade in an ever-narrowing range up to the present.

From mid-August to mid-October 2022, MFT fell from a closing price of NZ$80 to NZ$65; then rose – as a brighter outlook was painted during Investor Day by management ...