Anyone could be forgiven for thinking that Maxiparts (MXI) operates in a different industry to SNL after their May update pointed to "an activity slowdown on the East Coast" - resulting in a flat 2H24 in terms of sales for MXI.
The bemusing aspect to that announcement was MXI's reference to "pricing behaviour of market competitors becoming more inconsistent ... putting pressure on volume and margins". Sounds like a way to assign blame, the explanation for the downgrade is more likely the way MXI is being managed and the escalation in their wages and integration costs.
The truck and bus parts distribution industry structure reminds me a lot of the plumbing supplies distribution industry structure - one outstanding market leader that operates on whole another level compared to its competitors.
Ann: Preliminary earnings forecast June 2024 and final dividend, page-5
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SNL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$30.32 |
Change
0.330(1.10%) |
Mkt cap ! $1.290B | |||
| Open | High | Low | Value | Volume |
| $30.24 | $30.32 | $29.75 | $465.9K | 15.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33 | $29.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.32 | 44 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SNL (ASX) Chart |