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Q on Maxitrans Industries (MXI)

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Q on Maxitrans Industries (MXI)

Maxitrans Industries (MXI) have announced a process whereby they will sell their Trailer Division and then make a Special Div later in the year, then move on to concentrate on their truck parts business. Understanding you can't give personal advice, do you have any view on whether to sell MXI shares now (they have reflected the upcoming sale and special div) and re-deploy capital, or wait for the div, or even stay invested with MXI in their new format? Keep up the good work guys - read your newsletters avidly and especially enjoy your macro insights and commentary on the mining/materials sector.

Answer

MaxiTRANS (MXI): We are not very close to this $133m business but if we were long after the recent surge in price the temptation would be to take profit on half and run half.

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MaxiTRANS Industries (MXI)
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