According to my calculations the fleet has now grown to 486 vehicles (Getting close to 500) , with those leased out being 367. (Syd 294, Melb 140, Brisb 52)
This represents a utilisation rate of 75.5% , which has fallen by about 5% from last month.
It could explain why the company does not appear to have any current plans to finance the purchase of any additional vehicles.
Could also be a seasonal factor now that we are approaching winter.
Nevertheless it is good to see the fleet continuing to grow in size.
CL8 Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
