MXI - MaxiPARTS Limited

[Seneca60BC]

Hello Investors,

This is my first post here so be gentle.

What are your thoughts on MXI - Maxitrans Industries, for the next 12 months.

I like this stock because:

1. The organisation has had a rough year last year, however the new acquisations and issues that have been doing badly have been addressed.
2. The management seems quite stong given ROA in the high teens for a number of years.
3. Currently, I suspect that the market has over-sold the stock.
4. Financially, the company is in a good position with low debt.

So what are your thoughts - both negative and positive.

Thanks

 

[stockpanther]

Seneteca - I share your opinions on MXI.

It's on my watchlist to study further but from my initial investigations things did look promising though.

 

[Seneca60BC]

Hi StockPanther

Thanks for the feedback - one thing I should add to this stock is:

1. The drought in Australia is not helping with the order book so there is some risk here. The company has indeed diversified into other areas so that should smooth out any earnings volitality.

Regards,
Seneca60BC.

 

[tasmanian]

I agree as well on maxitran.it did have a few drama last year but is profitable and profit has been increasing yearly.

Mxi is trading in a nice channel now,also on my watchlist.if it breaks through the upper resistance around 58c on volume it will be off the watchlist and in the own watchlist.

I personally cant see any reason to buy until it breaks out of the channel it is currently trading in.once it breaks this it will be a good buy imo.

 

[Seneca60BC]

Hi Tasmanian

I guess you are a chartist right? I don't know much about the TA side of things so it is with pleasure to read your thoughts on MXI.

Cheers
Seneca60BC.

 

[tasmanian]

seneca60bc,

Well i try to read charts.Have been for many years now.Also look at fundmentals as well.Still use pretty basic charting methods.Has worked for me over the years.

Mxi after its recent drop has been in that channel for about 4-5mths so if you buy now you could be sitting in that channel for another 4-5mths.Your capital going nowhere!!!It could break anytime just have to be patient and wait for it.

So best to wait until it breaks out of that channel.Upward breaks from sideways channels are usually quite profitable.If it does break 58c and volume starts to rise I would expect it too at least get to its last level before the drop which was around 80c.

best of luck with it I will be watching!!!!

 

[Seneca60BC]

Hi Tasmanian

Well this Friday the 20th is the Annual General Meeting so we may see the stock move in either direction - hopefully north hehe. Yea according to my calculations I have this one at 87 cents exit price, ceteris paribus.

Cheers,

 

[tasmanian]

thats good news.I didnt realise the annua l meeting is the 20th.that might give it the push we need.ill watch closely friday/monday

ceritus paribus.

whatever that means

 

[Seneca60BC]

tasmanian

Ceteris Paribus is latin for "all easy being equal" or "no major changes".

Regards
Shelton.

 

[RichKid]

I like this stock too Seneca, stalking it atm, expecting a major bottom to form soon (if it hasn't already), price action has to resolve itself first, a bit of toing and froing over the last few weeks, could make new lows or retest the recent low, still in a downtrend.

 

[Seneca60BC]

oh dear!! taking a hammering at the moment- market does not like the presentation -richkid.

BTW - ceteris paribus means "All things being equal"

 

[Seneca60BC]

seneca60bc,

So best to wait until it breaks out of that channel.Upward breaks from sideways channels are usually quite profitable.If it does break 58c and volume starts to rise I would expect it too at least get to its last level before the drop which was around 80c.

best of luck with it I will be watching!!!!

Hi

It looks like it went past 58cents today and high of 60cents - so anyone get it? and what does the charts say now?

Regards

 

[Novski]

Hi

It looks like it went past 58cents today and high of 60cents - so anyone get it? and what does the charts say now?

Regards

Yes, it did close at 58.5c Seneca, but it was not quite convincing enough.

A breakout above 60c should be convincing enough IMO. It is starting to gain some interest judging by volume, eventhough in the last few days it has retraced back in the lower end of the trading channel.

 

[Seneca60BC]

Profit Warning came out today - boy the management are really virtuous. That's one thing I really admire - no bull****ting round.

 

[hypnotic]

This one looks good to me for the long term,

I am looking at this one closely.

For those that havent read the smart investors, this is an extract from them about MXI from this months mag:

"Mangement expects the trailer and van segment to remain subdued in 2006/07. The shortage of skilled labour, a factor that weighed on Maxitrans in 2004-05- is likely to provide further challenges in 2006-07. Maxitrans has a market-leading postion as a manufacturer and distributor of a wide range of raod trailers, including prominent brands such as Freighters, Maxi-Cube and Hamelex White.
Based on 2006-07 concensus forcast, Maxitrans appears oversold. With an attractive PE ratio of less than nine and a dividend yield of about 8%, further downside seems unlikely . While cyclical pressures will always create challenges, the best time to buy is at the bottom of the cycle."

Any thoughts?

Hypnotic

 

[Seneca60BC]

This one looks good to me for the long term,


Hypnotic

Good Management, Profit made every year since listing, divs paid every year since listing, quality products, attractive yield - yes indeed a valuable long term buy.

 

[britishcarfreak]

Very large volume today with very little price movement, RSI upturned, could this be about to move (i mean up - back to 60c i.e. near 20% movement)?

 

[nizar]

Good Management, Profit made every year since listing, divs paid every year since listing, quality products, attractive yield - yes indeed a valuable long term buy.

Indeed.
Almost 8% at these prices the yield.

 

[mmmmining]

Indeed.
Almost 8% at these prices the yield.

Remind me of ARL

 

[britishcarfreak]

Most definitely testing a 60c ceiling here. Could well be about to break through. MACD looks good. Shame the volume's not bigger.

Very tempted to sell today but should wait for test of the 60c mark I think.