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Shares up as new Eclipx boss changes gear

Simon Evans
Simon EvansSenior reporter

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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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    Original URL: https://www.afr.com/business/banking-and-finance/eclipx-boss-not-looking-in-rear-view-mirror-20190530-p51sqd