3 Big Declines Of The Day - MMS, ECX And WTC

4 min read | February 20, 2019 07:15 PM AEDT | By Team Kalkine Media

Mcmillan Shakespeare Limited

The Melbourne-based McMillan Shakespeare Limited (ASX:MMS) provides vehicle leasing administration, fleet management, salary packaging, as well as retail financial services to clients across Australia, the United Kingdom, and New Zealand. It three primary business segments comprise Asset Management, Group Remuneration Services and Retail Financial Services.

McMillan has a market capitalisation of AUD 1.21 billion with approximately 83.2 million outstanding shares. With the close of the market trading on February 20th, the MMS stock’s last sell-off price stood at AUD 12.700, down 12.775%, indicating an intra-day fall of AUD 1.860. Around 1.98 million volume of shares were traded in total. So far, the stock has generated a positive YTD return of 6.12%, despite a moderate and fluctuating performance throughout the last six months.

During the half year ended December 31st, 2018, the company achieved a 1.2% growth in revenue at $ 273.1 million with EBITDA down 3.8% to $ 65.3 million. Also, fully franked dividends of 34.0 cents per share were paid out at the end of the period, indicating a 3% rise on the prior period.

Eclipx Group Limited

The Sydney-based Eclipx Group Limited (ASX:ECX) was established in 1987 and provides vehicle fleet leasing and management along with varied financial services primarily in New Zealand and Australia. It operates through four principal business divisions including Australia Consumer, New Zealand Commercial, Australia Commercial and Grays.

The Group has a market capitalisation of AUD 690.42 million, with approximately 319.64 million outstanding shares. At the close of the trading session on ASX on February 20th, the ECX stock’s sell-price stood at AUD 1.0995, down 7.639%, indicating an intra-day loss of AUD 0.165. Around 3.4 million volume of shares were traded in total. ECX has generated a negative YTD return of 8.86% so far following a negative performance of 13.25% over the last six months.

During the financial year 2018, the company achieved solid earnings with net operating income rising to $325.3 million, up 27% on the prior year and the net profit after tax adjusted for amortisation and one-off cost (NPATA) improving by 14% to $ 78.1 million. Eclipx also paid out a fully franked final dividend of 8.0 cents per share to the investors, taking the full year dividend to 16.00 cents per share for FY2018.

Wisetech Global Limited

The Alexandria, Australia- based Wisetech Global Limited (ASX:WTC) is involved in construction and provision of cloud-based software solutions to the global logistics industry, thus simplifying the movement and storage of goods and information for clients including multinationals, medium and small-sized regional and domestic enterprises. Its primary product and single-platform software solution is CargoWise One.

As of date, Wisetech has a market capitalisation of AUD 7.04 billion and 301.09 million outstanding shares. With the close of the trading session on February 20th, the WTC stock was trading at AUD 21.030, down 10.09%, indicating an intra-day fall of AUD 2.360. The steep decline in stock price astonishingly follows an impressive statement of Half year results for the six months ended December 31st, 2018 (1H FY2019) affirming a robust financial position along with expanding the global platform.

The stock has generated a high six-month return of 49.74% with YTD return also standing positive at 37.35%. The 52-week stock price high stands at AUD 25.00.

The total revenues for the half-year were posted at $ 156.7 million, up 68% on the prior period. Besides, the net profit attributable to the equity holders was posted at $23.1 million, also up by 48%. A fully franked dividend of 1.5 cents per share was paid out by the company.


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