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.
Outstanding 1H21 report, I really like the following;- NOI =...
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Last
$3.61 |
Change
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Mkt cap ! $880.0M | |||
| Open | High | Low | Value | Volume |
| $3.56 | $3.61 | $3.56 | $268.6K | 74.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 815 | $3.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.62 | 834 | 1 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| $3.59 | $3.61 | $3.58 | 25634 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| FPR (ASX) Chart |