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Some Clues from Mainfreight Ltd (MFT) from yesterdays AGM...

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    Some Clues from Mainfreight Ltd (MFT) from yesterdays AGM presso.

    - Building new 34,108 sqm Hazardous Facility - all classes on city Fringe Auckland, NZ

    A nod to the recent DGL aquistision of Australian Petro Chemical Storage, the title of this thread.

    - Completed a new 55,000 sqm Sydney warehouse in Moorebank which is temp controlled / hazardous goods capable.

    Which stated " 70% utlized with more inquiry than we can handle"

    Obvious read thru to DGL.

    - Current Trading Environment (15 Weeks: 1 April - 14 July 2024) AU revenue +17.5% and profit before tax + 7%. With "satisfactory growth across Australia.."

    Obvious read thru to DGL.

    - Good momentum in Australia – expect Australia to become our biggest profit earner.

    Obvious read thru to DGL.

    DGL: Easiest near term double on the ASX currently imo.

    GLTA.



 
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