Latest news with #Mainfreight
NZ Herald
7 days ago
- Business
- NZ Herald
Mainfreight rebounds, Gentrack takes a hit as NZX trades flat
'So people will be going: 'Is that growth rate that we've got built in really achievable if your existing customers are churning off?'.' Going in the other direction was Mainfreight, which rose 0.96% to $60.07 on volumes amounting to more than $5m in volume traded. Mainfreight shares fell 10% last week after the business told attendees of its annual shareholders' meeting that it had a 'slow and disappointing' start to the financial year. Robertshawe noted an NZX disclosure notice on Friday that showed managing director Don Braid had bought 10,000 shares for just above $58 per share. 'That's got to be an endorsement,' he said. 'That was a disappointing result, but he's viewing this as a cyclical problem rather than any change to the long-term plan, and he's backing it with his own money.' Announcements In an update for the three months to July 27, Briscoe Group said second-quarter sales rose 2.07% to $192.9m compared with the same period last year. Managing director Rod Duke said a bounce in the homeware segment, up 3.97% in the quarter, followed a weak start to the financial year. Shares were unchanged at $6.01. Forsyth Barr equity analyst Paul Koraua said the result was a 'good improvement'. However, because the share price has risen nearly 15% since the company was added to the NZX 50 index in June, the investment case has changed. A month ago, Forsyth Barr set its target price for Briscoe Group at $5.95 and downgraded it to 'underperform' from 'neutral'. Rakon shares dipped 2.47% to 79 cents after former executive and shareholder Brent Robinson said he would not support Mark Bregman, Lisbeth Jacobs and Jon Raby to join the board at its scheduled meeting later this month. Rakon said its 12.19% shareholder, Taiwanese company Siward Crystal Technology Co and its board appointee, Jung Meng Tseng, were also against the independent board appointments, which included Bregman becoming chair. M&A Action Tourism Holdings (THL) shares rose 0.49% to $2.06 after it told the market that an unsolicited indication of interest from a consortium to buy it for $2.30 a share was an 'opportunistic and undervalued offer'. 'Based on careful consideration and external analysis, the board has come to the view that the value of the company is well north of $3.00 per share,' it said. In June, it received an indication of interest from a consortium comprising BGH Capital and the family interests of Luke and Karl Trouchet, directors of the company. '[THL] want to get people interested, doing their due diligence and becoming interested in the company, but they're not going to sell it less than what they think it's worth,' Robertshawe said. 'They'll be hoping that BGH and the insider reassess what bid they can pay, and that it's materially higher than $2.30, but this could take a long time to play out.' Staying with acquisitions, prospective SmartPay buyer Shift4 Payments obtained the necessary consent under the Overseas Investment Act for its proposed acquisition of SmartPay. The scheme of arrangement, under which Shift4 would acquire all the shares in Smartpay for $1.20 per share in cash, is now one step closer to completion. SmartPay shares gained 1.79% to finish the day at $1.135.
Yahoo
02-08-2025
- Business
- Yahoo
Group MD & Director of Mainfreight Donald Braid Buys More Stock
Investors who take an interest in Mainfreight Limited (NZSE:MFT) should definitely note that the Group MD & Director, Donald Braid, recently paid NZ$58.15 per share to buy NZ$581k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Mainfreight Insider Transactions Over The Last Year In fact, the recent purchase by Donald Braid was the biggest purchase of Mainfreight shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of NZ$59.50 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Mainfreight share holders is that insiders were buying at near the current price. Mainfreight insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction! View our latest analysis for Mainfreight Mainfreight is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Does Mainfreight Boast High Insider Ownership? I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Mainfreight insiders own 20% of the company, currently worth about NZ$1.2b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. So What Do The Mainfreight Insider Transactions Indicate? The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Mainfreight. Looks promising! Of course, the future is what matters most. So if you are interested in Mainfreight, you should check out this free report on analyst forecasts for the company. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
28-06-2025
- Business
- Yahoo
The Trend Of High Returns At Mainfreight (NZSE:MFT) Has Us Very Interested
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. And in light of that, the trends we're seeing at Mainfreight's (NZSE:MFT) look very promising so lets take a look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Mainfreight: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.25 = NZ$799m ÷ (NZ$4.1b - NZ$852m) (Based on the trailing twelve months to March 2025). Therefore, Mainfreight has an ROCE of 25%. That's a fantastic return and not only that, it outpaces the average of 11% earned by companies in a similar industry. Check out our latest analysis for Mainfreight Above you can see how the current ROCE for Mainfreight compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Mainfreight for free. The trends we've noticed at Mainfreight are quite reassuring. Over the last five years, returns on capital employed have risen substantially to 25%. Basically the business is earning more per dollar of capital invested and in addition to that, 84% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed. To sum it up, Mainfreight has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 88% return over the last five years. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist. On a separate note, we've found 1 warning sign for Mainfreight you'll probably want to know about. If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
RNZ News
13-06-2025
- RNZ News
SH3 at Awakino reopens after mudslide, delays expected
A lower speed limit is in force on a section of the main highway north of New Plymouth after a large mudslide. Contractors have been clearing lanes at Awakino on State Highway 3 after the slip happened on Thursday afternoon. Motorists are being told to expect delays and allow for extra travel time. Contractors were also clearing several smaller slips on SH3 between Tongapōrutu and Piopio which came down in the wet weather overnight. NZTA advised motorists to delay travel and avoid the area if possible. SH1 was the alternative route, and drivers would need to allow for longer travel times. FINAL UPDATE 4:20PM SH3 Awakino is now OPEN under STOP/GO traffic management. Take extra care. ^SG Mainfreight's New Plymouth branch manager Kayne Newman said having the main route north shut wasn't ideal but it had workarounds in place. "We're still able to get around the long way go down to Whanganui and come back up, but instead of being able to come down and go back in one run they have to come down here and have their [10-hour] break here and go back the long way." Newman said trucks that were due to head north stayed in New Plymouth to wait for the road to reopen but freight heading south from Auckland and Hamilton to Taranaki were taking the long way via Whanganui and doubling back up to Ngāmoutu. The owner of the Awakino Hotel, Sean Jeffares, had been told the mudslide was still moving and that truck drivers didn't expect to be able to head north anytime soon. "I just heard before from a truckie that apparently the slip is still moving slowly, so they haven't really touched it and it's going to be a while." Jeffares said the hotel had experienced a spike in booking after the road closed. "The truckie stayed here last night with a bunch of other truckies probably about five some sleep in their trucks as well and lots of random people and we were busy anyway because of Field Days." The mudslide that has closed SH3 at Awakino in Waitomo. Photo: Supplied / NZTA Jeffares said had been told there were trucks lined up at the mudslide because they were unable to turn around while motorists were using alternative routes north via Marakopa or turning off toward Ohura before getting to Awakino. Anna and three colleagues were headed to Auckland from New Plymouth for a conference. A long day on the road had just got that much longer. "We turned back at Mōkau and are headed back and going to turn off towards Mt Damper and head north from there." Photo: Supplied / NZTA Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
13-06-2025
- RNZ News
SH3 still closed at Awakino after mudslide as crews work to clear road
SH3 Awakino is closed south of Awakau Rd due to a large mudslide. Photo: NZTA SH3 remains closed today south of Awakau Road at Awakino in Taranaki after a mudslide came down on the road surface yesterday. The New Zealand Transport Agency Waka Kotahi (NZTA) said contractors were working to clear the road and it was anticipated it would be open to single-lane traffic under stop/go controls by the end of the Friday. UPDATE 9:40AM The closure area has been extended, with SH3 now being CLOSED between Awakino Gorge and Mokau. The road is likely to remain closed for several hours for slip assessment and ongoing debris clearing. ^JP Contractors were also clearing several smaller slips on SH3 between Tongapōrutu and Piopio which came down in the wet weather overnight. NZTA advised motorists to delay travel and avoid the area if possible. SH1 was the alternative route, and drivers would need to allow for longer travel times. Mainfreight's New Plymouth branch manager Kayne Newman said having the main route north shut wasn't ideal but it had workarounds in place. "We're still able to get around the long way go down to Whanganui and come back up, but instead of being able to come down and go back in one run they have to come down here and have their [10-hour] break here and go back the long way." Newman said trucks that were due to head north stayed in New Plymouth to wait for the road to reopen but freight heading south from Auckland and Hamilton to Taranaki were taking the long way via Whanganui and doubling back up to Ngāmoutu. The owner of the Awakino Hotel, Sean Jeffares, had been told the mudslide was still moving and that truck drivers didn't expect to be able to head north anytime soon. "I just heard before from a truckie that apparently the slip is still moving slowly, so they haven't really touched it and it's going to be a while." Jeffares said the hotel had experienced a spike in booking after the road closed. "The truckie stayed here last night with a bunch of other truckies probably about five some sleep in their trucks as well and lots of random people and we were busy anyway because of Field Days." Jeffares said had been told there were trucks lined up at the mudslide because they were unable to turn around while motorists were using alternative routes north via Marakopa or turning off toward Ohura before getting to Awakino. Anna and three colleagues were headed to Auckland from New Plymouth for a conference. A long day on the road had just got that much longer. "We turned back at Mōkau and are headed back and going to turn off towards Mt Damper and head north from there." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
