Quick Evaluation, page-51

Great break down @Exised

for the core business of fleet these companies make monthly earn on every aspect they touch / manage

essentially they would be getting monthly cashflow on:

Monthly management fee

trailing commission on finance payments from financiers (based on amount financed when leases extended this is less as amount refinanced is less than a new car and reason profits are down - also I would imagine they receive a one off up front payment on new assets)

maintenance which most would be underwritten and they have trade rates with suppliers due to buying power essentially they pay significantly less than retail.

fuel and toll management

telematics
plus what ever other services they offer

In a part market extending the operating leases allows them to reposition their future values and actually minimises sale loss at the back end

anyway I’ll maintain this is a good buy opportunity someone is buying up big and they want the book of assets under management imho

with 2 offers in 12 m now would be the perfect time to
strike imho

gltah
pls dyor