Jump to content

ECX - ECLIPX GROUP LIMITED


blacksheep
 Share

Recommended Posts

  • Replies 24
  • Created
  • Last Reply

Top Posters In This Topic

  • 4 months later...

SP up 7.24% @ $1.555 following today's ann.....

 

ECLIPX COMPLETES THE SALE OF GRAYSONLINE AND AREYOUSELLING TO QUADRANT PRIVATE EQUITY

 

Further to the ASX release dated 5 July 2019, Eclipx Group Limited (ASX: ECX, âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“Eclipxâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚ÂÂ) today confirms

completion of the sale of GraysOnline and AreYouSelling to Quadrant Private Equity for an enterprise

value of A$60 million.

 

The net proceeds from these divestments will be applied to reduce Eclipxâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s Corporate Debt facilities.

post-330173-1565781110_thumb.png

Link to comment
Share on other sites

  • 1 month later...

Waxing Interest In EclipX

Small Caps | 1:45 PM

EclipX Group is reverting to focus on its core fleet and novated leasing businesses, and interest in the company is only expected to grow.

 

-Right2Drive, CarLoans remain the key non-core divestment opportunities

-Reduced likelihood of breaching debt covenants

-Takeover attraction likely to gain momentum

 

Broker targets - FWIW

 

There are four Buy ratings and one Hold (Morgan Stanley) on FNArena's database. The consensus target is $1.81, signalling 4.7% upside to the last share price. Targets range from $1.35 (Morgan Stanley) to $2.20 (UBS).

read more - https://www.fnarena.com/index.php/2019/10/0...rest-in-eclipx/

post-330173-1570508104_thumb.png

Link to comment
Share on other sites

  • 1 year later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share


×
×
  • Create New...