MXI - MaxiPARTS Limited

[skc]

Forgot to attach a chart...

 

[Gringotts Bank]

I feel reasonably comfortable buying this today.

Yesterday's announcement is quite amazing.

 

[skc]

I feel reasonably comfortable buying this today.

Yesterday's announcement is quite amazing.

$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.

 

[Country Lad]

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.

 

[Country Lad]

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

 

[tinhat]

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.

 

[Country Lad]

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

 

[So_Cynical]

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

 

[tinhat]

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

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.

 

[So_Cynical]

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.

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

 

[So_Cynical]

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

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.

 

[icemanmelb]

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

 

[So_Cynical]

What a horrible update.

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

 

[Cam019]

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.

 

[galumay]

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.

 

[So_Cynical]

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.

 

[galumay]

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

 

[Dona Ferentes]

last Announcement was a tradig update in April

 

[Dona Ferentes]

PE 8, gearing 26%. Market Cap $60mill

 

[barney]

last Announcement was a tradig update in April

I confess I am fairly uneducated trying to read Financial Reports, but these guys seem to have found a way to eliminate costs and generate free cashflow in challenging times even though things in general aren't good and they are technically losing money?? (that may be an incorrect assessment of course)

Share price has doubled since late March lows. Don't hold and not something I would trade, but if the boys at the helm are holding the fort in difficult times; well done!