Shares up as new Eclipx boss changes gear
Simon EvansSenior reporter
Key Points
- The new boss of Eclipx says the core novated leasing vehicle business had its best ever month in May.
- It was the first bit of positive news for a while for Eclipx shareholders in a business which floated at $2.30.
- Right2Drive and Grays online were disastrous acquisitions for Eclipx, which is now selling them.
Eclipx's novated vehicle-leasing business has just had its best monthly growth on record, says its new chief executive in a sign that a refocused company may emerge from the mess of a $120 million first-half loss.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
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