How to Buy Mainfreight Shares (MFT) | Finder NZ

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How to buy Mainfreight shares (MFT)

How you can buy MFT shares on the NZX in just a few minutes.

Mainfreight logo

Mainfreight is an Auckland-based transport company with a global presence. Shares in the company (MFT) are listed on the New Zealand Stock Exchange (NZX) — keep reading to find out how you can invest in Mainfreight.

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How to buy shares in Mainfreight on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Mainfreight. Find the stock by name or ticker symbol: MFT. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mainfreight reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Mainfreight, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Mainfreight. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Mainfreight overview and background

Established in Auckland in 1978, Mainfreight soon grew to become the country’s largest freight network. The company started investing in Australian operations in the late 1980s, was listed on the NZX in 1996, and expanded its operations into Asia and the United States by the turn of the century. It also developed a European footprint by acquiring the Wim Bosman Group in 2011.

Today, Mainfreight offers a wide range of transport, logistics and supply chain solutions via its global network. That network includes 280 offices worldwide and a team of over 8,000 people across New Zealand, Australia, Asia, the Americas and Europe.

Performance and company results

In November 2020, Mainfreight announced its financial results for the six months ended 30 September of the same year. Key results included:

  • Revenue of $1.609 billion (an increase of $108.39 million or 7.2%)
  • Profit before tax of $102.26 million (an increase of $19.42 million or 23.4%)

The company said these results were due to the strong performance of its operations in Australia and New Zealand, and its continuing progress in Asia.

Key details

NameMainfreight LimitedIndustryLogistics & Transport
Ticker symbolMFTISINNZMFTE0001S9
TypeOrdinary sharesDate listed on NZX14 Jun 1996
End of financial yearMarchChairmanBruce G Plested
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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