Ann: Change in substantial holding from MUFG, page-24

I have copied part of a post by madamswer that was posted onto Hot Copper Bapcor earlier today.
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Listening to the CEO of Eclipx Group (ASX Code: ECX.... ECX is a corporate car leasing company) being interviewed today (https://www.******.com.au/media/tot...bates-as-recovery-on-the-horizon?videoId=1417):

"We have about 6,000 cars (coming off lease) every 6 months which we need to sell into the used car market, and when we can't sell them that gives us liquidity issues. We expected to have a large inventory buildup on our balance sheet due to the virus. Instead, we've seen a re-emergence in the used car market, driven by trends we didn't expect: there's a large demand for used cars, especially for the car market around the two to three year olds which we typically sell into, driven by people's fear of going back into public transport..."

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So the CEO of ECX is seeing a kick up from Covid-19, unexpected but nice.

Cheers.......................Daicosisgod