Some great news stories in the media referencing recruitment drives, productivity levels accelerating, IT systems optimising efficiencies, and in summary - that we are turning that cyclical corner and tracking towards a return to profitability and dividends.
The share trading volumes are rising and the share price is also consolidating in a positive direction. This is one company where Covid-19 has gifted us some quick and long term wins. The manufacturing plants are literally firing on all cylinders.
Looking forward to a company update. Interestingly, an ASX announcement should be the first place we hear updates but this is simply not happening. Regular communication with shareholders has long been a problem for this company which does contribute towards share price volatility.
MXI Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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