Latest news with #FleetPartnersGroup
Business Insider
14 hours ago
- Business
- Business Insider
Canaccord Genuity Remains a Buy on FleetPartners Group (ECXXF)
Canaccord Genuity analyst Andrew Hodge maintained a Buy rating on FleetPartners Group on August 8 and set a price target of A$3.70. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Hodge is a 3-star analyst with an average return of 3.2% and a 45.76% success rate. Hodge covers the Consumer Cyclical sector, focusing on stocks such as Eagers Automotive Limited, ARB Corporation , and WEB Travel Group. In addition to Canaccord Genuity, FleetPartners Group also received a Buy from Morgan Stanley's Chenny Wang in a report issued on July 24. However, on the same day, TR | OpenAI – 4o downgraded FleetPartners Group (Other OTC: ECXXF) to a Hold. Based on FleetPartners Group's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $394.13 million and a net profit of $41.42 million. In comparison, last year the company earned a revenue of $349.84 million and had a net profit of $41.63 million
Business Insider
29-07-2025
- Business
- Business Insider
Macquarie Sticks to Their Buy Rating for FleetPartners Group (ECXXF)
Macquarie analyst maintained a Buy rating on FleetPartners Group today and set a price target of A$3.68. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In addition to Macquarie, FleetPartners Group also received a Buy from Ord Minnett's Phillip Chippindale in a report issued on July 24. However, on the same day, TR | OpenAI – 4o downgraded FleetPartners Group (Other OTC: ECXXF) to a Hold. Based on FleetPartners Group's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $394.13 million and a net profit of $41.42 million. In comparison, last year the company earned a revenue of $349.84 million and had a net profit of $41.63 million
Otago Daily Times
19-06-2025
- Business
- Otago Daily Times
Failed Mosgiel businessman declared bankrupt
Failed Mosgiel businessman Malcolm Burns - who owes creditors millions - has finally been declared bankrupt despite a last-ditch effort to delay the decision a fourth time. Associate Judge Dale Lester declared Mr Burns bankrupt in the High Court at Dunedin on June 12 after the previous week giving him "a last chance" to pay what his company Otago Excavation owes vehicle leasing business FleetPartners Group. The bankruptcy of Mr Burns, who has several businesses in liquidation owing millions to multiple creditors, was sought by NZGT (FP) Trustee Ltd, on behalf of FleetPartners Group. Private investigator Thomas James, who acted on behalf of FleetPartners, confirmed the bankruptcy was related to debts owed by Otago Excavation. The Mosgiel-based excavation company, of which Mr Burns is sole director, went into liquidation in 2022 owing more than $3.3million and is also in receivership. Receivership focuses on protecting the interests of secured creditors, while liquidation involves the winding up of the company and the distribution of assets to all creditors. The latest receivers report, published in January, stated it had secured debts of $1.7m with Kiwi Asset Finance and $1.3m with PFNZ, as of November last year. It is not clear how much is owed to FleetPartners. In a minute issued on June 12 this year, Judge Lester acknowledged the FleetPartners debt was "relatively modest", but said Mr Burns had known since at least November 2023 that he would have to deal with it and had still been unable to pay it. Mr Burns was served with the bankruptcy notice on October 23 last year and the application he be adjudicated bankrupt was filed at the end of the year. The application was scheduled to be called in court in February this year but was delayed three times on promises the debt would be settled. Judge Lester's minute noted that when the matter was called on June 12, Mr Burns' lawyer, Kevin Sullivan, sought a further adjournment partly claiming that "actions on behalf of a counsel of a creditor in support frustrated the viability of funding". That funds coming from Mr Burns' mother-in-law "did not apparently survive the provision of independent advice" was not a compelling reason to seek an adjournment, the judge said. "If the lender thought better of the transaction with independent advice, that is not a change of circumstances that Mr Burns can rely on." On June 11, another creditor, which claimed it was owed nearly $900,000 based on two arbitration awards — both dated November 2022 — joined the claim. Mr Sullivan said those debts were disputed and claims would be raised by Mr Burns to meet those debts. But Judge Lester said nothing had been done about that since 2022 and he had made it clear he would not adjourn the bankruptcy matter again. In a written statement to BusinessDesk, Mr Burns said: "The bankruptcy was the culmination of factors outside of my control and is solely due to personal guarantees related to the lending and leasing of the company. "The FleetPartners debt was primarily made up of unrealised lease earnings remaining in the contract term at the time the company was liquidated. Ironically, FleetPartners refused to even consider taking an unencumbered security and chose to proceed with the bankruptcy. This will not have any effect, nor include any of my private creditors." Otago Excavation is a subsidiary of Burns Group 2018 Ltd, of which Mr Burns is also the sole director. Burns Group was placed in liquidation in the High Court at Dunedin in 2023 despite a late attempt for an adjournment which was turned down by Judge Lester. Another subsidiary, Titan Bulk Haulage, was placed in liquidation in May last year on the application of Inland Revenue. Administration of the liquidation was recently completed and a final report last month showed creditors had been left out of pocket by more than $1m.
Otago Daily Times
19-06-2025
- Business
- Otago Daily Times
Businessman declared bankrupt
Failed Mosgiel businessman Malcolm Burns has finally been declared bankrupt despite a last-ditch effort to delay the decision a fourth time. Associate Judge Dale Lester declared Mr Burns bankrupt in the High Court at Dunedin on June 12 after the previous week giving him "a last chance" to pay what his company Otago Excavation owes vehicle leasing business FleetPartners Group. The bankruptcy of Mr Burns, who has several businesses in liquidation owing millions to multiple creditors, was sought by NZGT (FP) Trustee Ltd, on behalf of FleetPartners Group. Private investigator Thomas James, who acted on behalf of FleetPartners, confirmed the bankruptcy was related to debts owed by Otago Excavation. The Mosgiel-based excavation company, of which Mr Burns is sole director, went into liquidation in 2022 owing more than $3.3million and is also in receivership. Receivership focuses on protecting the interests of secured creditors, while liquidation involves the winding up of the company and the distribution of assets to all creditors. The latest receivers report, published in January, stated it had secured debts of $1.7m with Kiwi Asset Finance and $1.3m with PFNZ, as of November last year. It is not clear how much is owed to FleetPartners. In a minute issued on June 12 this year, Judge Lester acknowledged the FleetPartners debt was "relatively modest", but said Mr Burns had known since at least November 2023 that he would have to deal with it and had still been unable to pay it. Mr Burns was served with the bankruptcy notice on October 23 last year and the application he be adjudicated bankrupt was filed at the end of the year. The application was scheduled to be called in court in February this year but was delayed three times on promises the debt would be settled. Judge Lester's minute noted that when the matter was called on June 12, Mr Burns' lawyer, Kevin Sullivan, sought a further adjournment partly claiming that "actions on behalf of a counsel of a creditor in support frustrated the viability of funding". That funds coming from Mr Burns' mother-in-law "did not apparently survive the provision of independent advice" was not a compelling reason to seek an adjournment, the judge said. "If the lender thought better of the transaction with independent advice, that is not a change of circumstances that Mr Burns can rely on." On June 11, another creditor, which claimed it was owed nearly $900,000 based on two arbitration awards — both dated November 2022 — joined the claim. Mr Sullivan said those debts were disputed and claims would be raised by Mr Burns to meet those debts. But Judge Lester said nothing had been done about that since 2022 and he had made it clear he would not adjourn the bankruptcy matter again. In a written statement to BusinessDesk, Mr Burns said: "The bankruptcy was the culmination of factors outside of my control and is solely due to personal guarantees related to the lending and leasing of the company. "The FleetPartners debt was primarily made up of unrealised lease earnings remaining in the contract term at the time the company was liquidated. Ironically, FleetPartners refused to even consider taking an unencumbered security and chose to proceed with the bankruptcy. This will not have any effect, nor include any of my private creditors." Otago Excavation is a subsidiary of Burns Group 2018 Ltd, of which Mr Burns is also the sole director. Burns Group was placed in liquidation in the High Court at Dunedin in 2023 despite a late attempt for an adjournment which was turned down by Judge Lester. Another subsidiary, Titan Bulk Haulage, was placed in liquidation in May last year on the application of Inland Revenue. Administration of the liquidation was recently completed and a final report last month showed creditors had been left out of pocket by more than $1m.
Yahoo
02-03-2025
- Business
- Yahoo
Asian Market's Top 3 Undervalued Small Caps With Insider Action
As global markets navigate through a period of economic uncertainty, Asian small-cap stocks present intriguing opportunities amidst broader market volatility. With key indices like the S&P MidCap 400 and Russell 2000 experiencing fluctuations, investors may find potential in identifying stocks that exhibit strong fundamentals and insider activity, suggesting confidence in their future prospects. Name PE PS Discount to Fair Value Value Rating Infomedia 32.0x 3.6x 34.80% ★★★★★★ Security Bank 5.3x 1.2x 32.03% ★★★★★☆ Puregold Price Club 9.0x 0.4x 25.55% ★★★★★☆ Autosports Group 10.3x 0.1x 27.68% ★★★★★☆ Champion Iron 19.6x 1.7x 41.20% ★★★★☆☆ Dicker Data 19.0x 0.7x -22.40% ★★★☆☆☆ Fenix Resources 15.4x 0.8x 15.77% ★★★☆☆☆ Yixin Group 9.1x 0.9x -279.13% ★★★☆☆☆ HBM Holdings 22.9x 6.7x 0.78% ★★★☆☆☆ Tabcorp Holdings NA 0.7x -42.51% ★★★☆☆☆ Click here to see the full list of 41 stocks from our Undervalued Asian Small Caps With Insider Buying screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Value Rating: ★★★★★★ Overview: FleetPartners Group is a company that specializes in vehicle leasing and fleet management services, with a market capitalization of A$1.2 billion. Operations: FleetPartners Group derives its revenue primarily from its core operations, with a notable focus on managing costs. The company's gross profit margin showed an upward trend initially, reaching 42.28% by September 2017 before experiencing fluctuations and settling at 29.20% by March 2025. Operating expenses have been a significant component of the cost structure, with general and administrative expenses consistently being the largest portion within this category over time. PE: 7.3x FleetPartners Group, a small cap in Asia, is navigating financial challenges with its reliance on external borrowing, making it riskier compared to firms with customer deposits. Despite this, insider confidence is evident as they purchased shares from October 2024 to January 2025. The company has extended its buyback plan until March 31, 2025. However, earnings are expected to decline by an average of 5.2% annually over the next three years. Click here to discover the nuances of FleetPartners Group with our detailed analytical valuation report. Learn about FleetPartners Group's historical performance. Simply Wall St Value Rating: ★★★★★★ Overview: Infomedia is a company specializing in the publishing of periodicals, with operations generating A$142.41 million in revenue. Operations: The company generates revenue primarily from publishing periodicals, with a reported revenue of A$142.41 million in the latest period. Operating expenses are significant, with general and administrative costs being a major component at A$71.36 million. The net income margin shows variability, reaching 11.16% recently, reflecting changes in profitability over time. PE: 32.0x Infomedia, a small cap in Asia, shows potential with earnings expected to grow 21.17% annually. Despite relying on external borrowing for funding, the company reported an increase in net income to A$8.33 million for the half year ending December 31, 2024. Insider confidence is evident from recent share repurchase plans announced on February 18, 2025, aiming to buy back up to 18.79 million shares by March 2, 2026. This strategic move could enhance shareholder value amidst its ongoing growth trajectory and acquisition discussions with Intellegam GmbH. Dive into the specifics of Infomedia here with our thorough valuation report. Explore historical data to track Infomedia's performance over time in our Past section. Simply Wall St Value Rating: ★★★★★★ Overview: Jumbo Interactive is a company that operates in the lottery industry, providing services such as managed services, lottery retailing, and software-as-a-service (SaaS), with a focus on digital platforms; it has a market capitalization of A$1.31 billion. Operations: Jumbo Interactive generates revenue primarily from Lottery Retailing (A$116.31 million), Managed Services (A$25.10 million), and Software-As-A-Service (SaaS) offerings (A$47.86 million). The company's gross profit margin has shown a decreasing trend, reaching 80.36% as of December 2024, while its net income margin was 27.08% in the same period. PE: 17.4x Jumbo Interactive, a player in the Asian small-cap space, is navigating through a period of strategic realignment. With an eye on acquisitions and investments, they're targeting B2C opportunities for growth. Despite reporting lower sales (A$66.13 million) and net income (A$17.86 million) for H1 2025 compared to last year, insider confidence is evident as founder Mike Veverka acquired 6,900 shares worth A$94,813 in February 2025. The company also maintains flexibility with its balance sheet while managing risks associated with external funding sources. Get an in-depth perspective on Jumbo Interactive's performance by reading our valuation report here. Evaluate Jumbo Interactive's historical performance by accessing our past performance report. Access the full spectrum of 41 Undervalued Asian Small Caps With Insider Buying by clicking on this link. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:FPR ASX:IFM and ASX:JIN. 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