A Spirited disaster
The perils of transport infrastructure
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134716396
© Denys Bilytskyi
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Dreamstime.com
If you have closely followed recent developments concerning Auckland’s Mainfreight (MFT), as we duly have…
… you’d know that yesterday, 9 November, was crucial for its would-be value-accretive narrative. And as so often happened in the past on results day – this time it was the turn of fiscal H1 24 to the end of September – Mainfreight delivered the goods, sealing a majestic rally (click to expand the table above) after several mixed sessions when it was looking for direction. ...
Comment on this article
chris dunphy
November 12, 2023 at 12:27 amMFT tracks DSV and their respective dominance in home markets means that they will track the strength of these economies. NZ is in recession, politicians & economists can argue whether this is technical or otherwise, but demand is down and confidence remains low. This will make it hard for MFT to outperform.