Strategic changes drive Maxitrans’ outperformance

An impressive performance by Maxitrans Industries for the six months to December 31, 2012, prompted a significant share price re-rating.

When the result was announced the company’s shares were trading around $1, but by the start of March they had surpassed $1.40 – an all-time high. Momentum continued as brokers upgraded their forecasts for 2012-13 and 2013-14. This positive trend was also assisted by the company’s inclusion in the S&P/ASX/All Ordinaries index on March 15.