ASX Growth Shares
Why we own Maxiparts Ltd (ASX:MXI) shares
NAOS’ Robert Miller dives into the case for Maxiparts Ltd (ASX:MXI), and offers an overview of Supply Network (ASX:SNL) and Bapcor (ASX:BAP).
September 22, 2023
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The NAOS LICs are traded on the Australian Stock Exchange (ASX codes: NCC, NSC or NAC) and can be bought and sold either via your broker (can be an online broker) or your financial adviser. Your online broker, stockbroker or your financial adviser will assist you with what you need. The ASX has a list of recommended stockbrokers which are available on its website:
Shares in the Company may also be bought and sold via BT Panorama, Macquarie Wrap (investments only), Netwealth, HUB-24 and MLC Navigator & Wrap (investments only).
Once invested shareholders can elect to participate in the Company’s Dividend Reinvestment Plan (DRP). The plan allows shareholders to elect to receive their dividends in shares rather than cash. DRP shares will be acquired ‘on market’ when the post-tax net tangible assets (NTA) is greater than the share price as at record date, thereby avoiding any potential dilution to the Company’s NTA. New shares will be issued when the share price is greater than the post-tax NTA as at record date.
NAOS’ Robert Miller dives into the case for Maxiparts Ltd (ASX:MXI), and offers an overview of Supply Network (ASX:SNL) and Bapcor (ASX:BAP).
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