Outstanding 1H21 report, I really like the following;
- NOI = $105.9 million, up 22%
- NPATA = $39.3 million, a 77% increase compared to pcp
- Assets under Management reduced by 7% compared to pcp
- Cash conversion of 157% reflecting strong organic capital generation
- Net corporate debt down 62%
What I like the most is;
- Average unit profitability increased from $2,468 in 1H20 to $5,944 in 1H21(great indication for the current strength of the 'used car' market - 79% increase in vehicle leases)
- Group is now in a position to accelerate its capital management strategy, six months ahead of internal targets
- Eclipx is a beneficiary of the Australian Federal Budget’s instant asset write-off policy
- share buy-back of up to $20 million
I see this report indicating a win win for ECX in a market that is currently experiencing a global pandemic AND a new vehicle supply shortage.
Ann: 1H21 Results - Presentation, page-6
Add FPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.43 |
Change
0.030(0.88%) |
Mkt cap ! $836.1M | |||
| Open | High | Low | Value | Volume |
| $3.41 | $3.48 | $3.38 | $1.148M | 333.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2948 | $3.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.43 | 3345 | 2 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$3.43 |
Change
0.030 ( 0.88 %) |
||||
| Open | High | Low | Volume | ||
| $3.41 | $3.48 | $3.40 | 144130 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| FPR (ASX) Chart |