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MXI - MaxiTrans Industries

Discussion in 'Stocks I-P' started by Seneca60BC, Oct 14, 2006.

  1. skc

    skc Goldmember

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    20120329 MXI.PNG

    Forgot to attach a chart...
     
  2. Gringotts Bank

    Gringotts Bank

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    I feel reasonably comfortable buying this today.

    Yesterday's announcement is quite amazing.
     
  3. skc

    skc Goldmember

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    $12m NPAT which is ~6.52cps. H1's earning was 3.3cps so basically not that different to the market's expectation back in Feb.

    But considering it is mining related, the share price has probably outperformed your average mining services by 25% of late.
     
  4. Country Lad

    Country Lad Off into the sunset

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    Surprising there has not been more comment on this one, probably because it is not a mining spekkie.

    One of those boring safe little industrial companies outperforming the rest of the market by good mangement and foresight. Steadily up 250% over the past 11 months. I got in a little late at 56 in May.

    mxi P+F 19 Oct 12.gif
     
  5. Country Lad

    Country Lad Off into the sunset

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    This could very well be about to break out again. Good company, and there is the possibility of an upbeat report.

    I have been in and out of this one and still have some from 60 cents. Will be in again if it breaks.

    Cheers
    Country Lad

    mxi 22 Jan 13.gif
     
  6. tinhat

    tinhat Pocket Calculator Operator

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    Quite a bounce today. Up 15% so far. Once the share price settles down it could be range bound for a while. Not sure if we have seen the bottom yet either - a wedge is forming on the weekly chart. On the fundamentals I think this company is more likely to perform rather than disappoint. I haven't owned it but it could be a good dividend stock. Wish I had bought it a year or two ago.
     
  7. Country Lad

    Country Lad Off into the sunset

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    I was well and truly stopped out of this one in March. Lost interest as it continued in downtrend. I quite like the company and agree it will come back. Right now it appears that the market has woken up that the fall in share price, which was based on the lower projection for 2014, has been a bit overdone. Whether that continues is anybody's guess.

    Cheers
    Country Lad
     
  8. So_Cynical

    So_Cynical The Contrarian Averager

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    In at today's low $1.09 with the super fund...trade going perfect so far with today's close of $1.165 :)

    The HF results were as expected, trading conditions are soft as is the outlook, things will get better over time as this is a somewhat cyclical business, a large player filling a somewhat large niche market with manufacturing operations in China and Australia.

    http://www.asx.com.au/asxpdf/20140224/pdf/42my0vyy3w4mg5.pdf
     
  9. tinhat

    tinhat Pocket Calculator Operator

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    It's been on my watch list for some time. I've only just glanced over the headline figures. Outlook is for a similar result to the first half which would put EPS at around 11c and I assume the dividend at 7.5c per share.
     
  10. So_Cynical

    So_Cynical The Contrarian Averager

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    Around 9 or 10% gross...and this is with no improvement...SP touched $1.20 intra day.
     
  11. So_Cynical

    So_Cynical The Contrarian Averager

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    12% in 8 days was enough for me...out today at $1.23 ~ did the usual and left profits in with an equal amount of capital for long term growth and dividend flow...keen to re-enter on the ex dividend weakness or any other weakness.

    Only the 3rd time in over 120 trades - 6 years that i have actually nailed a bottom..its nice to get it right once in a while.
     
  12. icemanmelb

    icemanmelb

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    What a horrible update. There earning were down 15% than what analyst expected and the current earnings per share works out to around 84c mark. Not sure if that's what the market will push it down to but never the less, are the any more bad news?

    Ice
     
  13. So_Cynical

    So_Cynical The Contrarian Averager

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    Agree, MXI on the top of my hit list now...should have some money free in the middle of next week.
     
  14. Cam019

    Cam019

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    MXI showing resistance around the 0.77c - 0.78c area. We can see some strength on Tuesday and Thursday as the price makes its way back towards the level of previous resistance, closing on the days highs with low volume, supply has withdrawn. Could be a sign of a potential breakout through 0.78c.

    MXI daily.jpg
     
  15. galumay

    galumay learner

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    Dont know about the squiggly lines, but MXI has had a good 12 months and started to turn the business around after softness in the market due to droughts and some other factors. The recent announcement of extra trailers for Coles will help the bottom line too. Its a good little business and if it continues to show improved growth in earnings obviously the price will respond.
     
  16. So_Cynical

    So_Cynical The Contrarian Averager

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    I bought a few for the IB account back around JUL 2016 at 49c, good timing, still holding, a solid business with China exposure, dividends are ticking up over the last 2 and a half years.
     
  17. galumay

    galumay learner

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    I bought at 60c, so timing not as good! Happy to hold though.
     

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