MXI - MaxiTRANS Ind

[Snow Leopard]

Make Trailers & Tippers and do related Parts & Services.

They have turned around nicely and today announced results of 6.62cps (SP 72c) and a final divvy of 2.25c (4.25c for year).

Recent acquisitions yet to add in to the results, so the future looks OK.

best wishes
Paper Tiger

[soulman]

Been tracking MXI since their half yearly at 46 cents. Always look like a great buy.

MXI is a clear example of a stock that you hold on and add to weaknesses. The chart has one of the most best drawn uptrending chart you'll see on any stock. 25 to 80 in one year.

You hold any PT?

[Snow Leopard]

Up over 10% at the end of day.

Yes I have some and have done for a while.

best wishes
Paper Tiger

[Lizard]

Nice one, PT! Someone mentioned this to me a few months ago... guess they will now poke the borax. (I forgot to look) :(

[Snow Leopard]

4187

and 4.25c cents of divies.
Beautiful :)

best wishes
Paper Tiger

[pedro.nz]

Been a long term holder of this one so bloody good to see it coming back up

[Snow Leopard]

AGM speeches today appear to have boosted the SP up from 90c to 97.5c.

Something about doubling of first half profit, with a but the second half may not be as good as the first, maybe?

best wishes
Paper Tiger

[pedro.nz]

over a $1:00 now :D

[Snow Leopard]

over a $1:00 now :D

My revised valuation is $1.15 :)

best wishes
Paper Tiger

[pedro.nz]

4191
Up 20% today so not far from your valuation PT

[Snow Leopard]

End of day close of $1.08, up 20%

just a few cents more on Monday please


4191
Up 20% today so not far from your valuation PT

Perhaps I should have valued it higher!

best wishes
Paper Tiger

[stoploss]

Another very good result....(apart from the NZ operation) Up , up and away.

[Snow Leopard]

I sold my entire holding in January, which given the facts available then was the right decision.

But....

best wishes
Paper Tiger

[soulman]

I sold my entire holding in January, which given the facts available then was the right decision.

But....

best wishes
Paper Tiger

Certainly met their forecast with a gusto. Now saying more of the same in the second half is the catalyst for their share movement on Friday. Along with double the div to 4.25 cents per share putting MXI on a div yield of just over 7% FF assuming second half payment of the same amount based on the closing share price of $1.20. What is not to like about a performance like this.

[Huang Chung]

Certainly met their forecast with a gusto. Now saying more of the same in the second half is the catalyst for their share movement on Friday. Along with double the div to 4.25 cents per share putting MXI on a div yield of just over 7% FF assuming second half payment of the same amount based on the closing share price of $1.20. What is not to like about a performance like this.

Grabbed a few at $1.15 after the results were released. Owned them previously a couple of years ago, but MXI now seems a more rounded company, servicing numerous specific transport requirements, and a greater emphasis on spares.

Particularly like the Queensland Diesel Spares acquisition, which takes them beyond trailers. I wouldn't be surprised if Supply Networks (SNL) - truck and bus spare parts distribution across Australia and New Zealand, with a market cap of around $50m, doesn't come onto Maxitrans radar at some stage.

[soulman]

Grabbed a few at $1.15 after the results were released. Owned them previously a couple of years ago, but MXI now seems a more rounded company, servicing numerous specific transport requirements, and a greater emphasis on spares.

Particularly like the Queensland Diesel Spares acquisition, which takes them beyond trailers. I wouldn't be surprised if Supply Networks (SNL) - truck and bus spare parts distribution across Australia and New Zealand, with a market cap of around $50m, doesn't come onto Maxitrans radar at some stage.

Definitely many positives about their future outlook HC. Sitting here nicely on a low PE and a very decent dividend yield. I guess it's all about 2014 and beyond for MXI. Something that we will not know as yet but I guess we have to invest accordingly to price movement and chart and on the management updates and outlook. You are back in Paper Tiger?

[Huang Chung]

Took profits at $1.39 Soulman (obviously, way too early).

[soulman]

Took profits at $1.39 Soulman (obviously, way too early).

First down day for MXI in 7 trading days but profit taking is definitely on the cards for MXI. It's back near your sell price HC. Maybe time to pick them up again.

KW, you definitely picked some up today?

[Huang Chung]

Agree KW.

Will look to re-enter, but it will need to pull back about 20c before I'd go again.

[stoploss]

Hit my S/L ( stop /profit ) level today out at 1.18 been a great ride......

[Snow Leopard]

Hit my S/L ( stop /profit ) level today out at 1.18 been a great ride......

In a trailer?

With all the doom and gloom about the end of mining in Australia the road ahead not looking quite so smooth for MXI.

Best Wishes
Paper Tiger

[Huang Chung]

I actually bought back in this week at $1.135.

Looked like there might have been an insto dumping stock. Was trading between $1.27 and $1.34 only a few days ago.

Unless the wheels have fallen of MXI (excuse the pun), we should be looking for around 8.5cps divvies for the year. That's a FF yield of around 7%.

Moving more and more into parts and retail, so less reliant on cyclical trailer sales.

[Huang Chung]

Smashed today to under $1. No obvious reason why, but it looked like a forced seller to me.

Bought back in this morning at $1.07, but down 7% by the end of the day.

[soulman]

Smashed today to under $1. No obvious reason why, but it looked like a forced seller to me.

Bought back in this morning at $1.07, but down 7% by the end of the day.

Interesting.......on no new either. Maybe bad news coming next week? On my watchlist for the update. Speeding ticket on the other variety should be issued by ASIC.

[Huang Chung]

I think it would have been a forced seller Soulman, who seemed to want to be all out by the close of trade yesterday. Was expecting (hoping?) for a bounce back today, but after a few pathetic attempts to rise, we closed flat.

Given that the overall market was down 42 points, I'll chalk that up as a victory of sorts.

[Joshuatree]

Jeepers, down again to 86c; glad im just an onlooker; downgrade coming?

[Huang Chung]

Yeah....bloomin' 'orrible!

Maybe someone knows something....
Maybe a forced seller....

Time will tell I guess.

[Huang Chung]

Nothing ventured, nothing gained...

Topped up at 88c.

[stoploss]

Nothing ventured, nothing gained...

Topped up at 88c.

HC , I am back in @ 87 see some good support around 80/82...hope this isn't one of those falling knives.....

[Huang Chung]

HC , I am back in @ 87 see some good support around 80/82...hope this isn't one of those falling knives.....


You can never be sure unfortunately. More importantly, you'd hope everything operationally is still on track.

[stoploss]

HC, I have taken the easy money this morning. Will look to target the 80/83 level should it get down there to reinstate a long position.

[Huang Chung]

HC, I have taken the easy money this morning. Will look to target the 80/83 level should it get down there to reinstate a long position.

Nicely done Stoploss.

Good to see everything is pretty much on track operationally.

[soulman]

Nicely done Stoploss.

Good to see everything is pretty much on track operationally.

Well done boys. Pretty much the selling was done on nerves.

[Huang Chung]

Well done boys. Pretty much the selling was done on nerves.

Looks that way Soulman. Are you holding ATM?

[soulman]

Looks that way Soulman. Are you holding ATM?

Just today. Bought in at 98.5. Management update was re-assuring but things can changed for next year.

Currently EPS at 13 cps and PE at around 8. Div yield are above average. Forecast for next year at their full year report in August will be key.

[Huang Chung]

Out today at $1.025 for an overall breakeven result.

Not what I'd envisaged when I initially entered the trade at $1.07, but overall market is looking a little shaky, and futures look pretty RS.

Tomorrow might be a better day to go hunting again....

[Huang Chung]

Out today at $1.025 for an overall breakeven result...

God damm, I'm a lousy market timer....

Out too early, and looking like a good day ahead.

[stoploss]

God damm, I'm a lousy market timer....

Out too early, and looking like a good day ahead.

Well you were brave to keep averaging in ..... I got out waaaayyyy too early (but will console myself with - "nobody ever went broke taking a profit " ) anyway used the funds yesterday to pick up more CAJ @ 20.5

[soulman]

God damm, I'm a lousy market timer....

Out too early, and looking like a good day ahead.

Maybe you were out of the game too long HC :)

[Huang Chung]

Reckon MXI has a very good chance of paying three 4c to 5c dividends over the next 14 or so months (final, interim, final).

Buying before it goes ex-div should provide for a nice 10% yield (or thereabouts) :cool:

[Huang Chung]

EPS up 111% !!

http://stocknessmonster.com/news-item?S=MXI&E=ASX&N=393562

Presentation:

http://stocknessmonster.com/news-item?S=MXI&E=ASX&N=393563

[stoploss]

EPS up 111% !!

http://stocknessmonster.com/news-item?S=MXI&E=ASX&N=393562

Presentation:

http://stocknessmonster.com/news-item?S=MXI&E=ASX&N=393563

nice work HC, in hindsight that money was way too easy ......

[soulman]

EPS up 111% !!

http://stocknessmonster.com/news-item?S=MXI&E=ASX&N=393562

Presentation:

http://stocknessmonster.com/news-item?S=MXI&E=ASX&N=393563

No future forecast, like many other company reporting.

[Huang Chung]

Page 13 of the presentation Soulman.

"Outlook FY14"

5 dot points....1 negative and 4 positive. I can live with that.

[soulman]

Page 13 of the presentation Soulman.

"Outlook FY14"

5 dot points....1 negative and 4 positive. I can live with that.

Cheers HC. I unfortunately has sold out before the profit announcement. When the market was in fear during Jun/early JUL, MXI was going for a song. Well done to the believer that bought at sub $1.00 and still got them.

Anyway, seems to me there is quite a lot of value out there for shareholders in the mining services sector. Are they value trap or hidden gems? MXI has diversified away from mining so it's more safe.

[Huang Chung]

Never really a mining services stock Soulman (other than at the periphery). If anything, they have slightly INCREASED their direct exposure to mining by buying the AZMEB tipper business last year. But even that appears to have been a good more, as they have apparently used their reach to expand the distribution network for these Queensland built tippers.

Still some cyclicality to the trailer manufacture / sales side of MXI (building and construction activity, droughts in grain growing reasons etc), but, as a proportion of their total business, this is becoming less significant as they build and consolidate (via the newly established Maxiparts division) their truck and trailer parts and spares operation.

[soulman]

Never really a mining services stock Soulman (other than at the periphery). If anything, they have slightly INCREASED their direct exposure to mining by buying the AZMEB tipper business last year. But even that appears to have been a good more, as they have apparently used their reach to expand the distribution network for these Queensland built tippers.

Still some cyclicality to the trailer manufacture / sales side of MXI (building and construction activity, droughts in grain growing reasons etc), but, as a proportion of their total business, this is becoming less significant as they build and consolidate (via the newly established Maxiparts division) their truck and trailer parts and spares operation.

Looks like some fund manager are not happy with the result. I am waiting for a cheap entry.

[Huang Chung]

I'm set at a good price, so will just ride the ups and downs.

[soulman]

Definitely HC. The after election rally could be on the cards.

[Huang Chung]

Last couple of days have been a bit sad.

Back to where we were before the results were released.

[soulman]

Last couple of days have been a bit sad.

Back to where we were before the results were released.

Must be something in the Financial Report. I got in at $1.27 today. Sellers are definitely there.

A rise of 11 cents on the day of their earnings result all wiped out. TA suggest support at 1.20.

[Huang Chung]

It will be interesting to see if the selling continues tomorrow.

Curious as to why you'd buy in if you think others have possibly discovered a problem?

[soulman]

It will be interesting to see if the selling continues tomorrow.

Curious as to why you'd buy in if you think others have possibly discovered a problem?

I don't think there is a problem with the profit result. This is more like a swing trade than anything.

[soulman]

Looks like the $1.215 low has been confirmed and I am one of the lucky few to have bought some more at 1.22.

Not sure if there will be an election rally or if the middle east tension causing pain in Sept/Oct. Definitely caution needed here.

[Huang Chung]

Into the ASX 300 we go! :t_up: