MXI 2.76% $1.94 maxiparts limited

undervalued

  1. 1,441 Posts.
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    I've got a small holding in MXI.

    On some quick calculations I'm expecting somewhere around 14mill NPAT this year, based on 1st half of 7.741mill and the announcment of probability of a 50% increase in 2nd half profit (to around 7mill).

    Market cap around 100mill giving us a PE of approx 7 and a strong dividend. Strong orders coming in with the ag sector slowly strengthening after some brutal years of drought.

    Oil prices are a bit of a worry obviously, but I still like the look of this company.

    Anyone else holding?
 
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