Carloans was the basket case opex running at almost 200% revenue so it was losing 2-4M per annum
to get 2M is absolutely fine .. walk away pay down debt
No longer detracting from core earnings
Right to Drive has much higher revenue and although loss making may present a better opportunity for someone cashed up to swoop cut costs and profit .. ECX have actually been improving the RightoDrive business in preparation for sale
If they get $10-20M for that then all good.. walk away pay down debt
Ann: Eclipx Announces Sale of CarLoans.com.au and Georgie, page-2
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$3.28 |
Change
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Mkt cap ! $784.9M | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.34 | $3.24 | $2.308M | 707.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 353 | $3.27 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 3702 | 1 |
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