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
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Last
$3.51 |
Change
0.040(1.15%) |
Mkt cap ! $855.6M | |||
| Open | High | Low | Value | Volume |
| $3.51 | $3.52 | $3.46 | $1.018M | 291.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 559 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.51 | 12217 | 2 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FPR (ASX) Chart |