ASX Announcements
Change of Director's Interest Notice - MOORE
Change of Director’s Interest Notice
Notification regarding unquoted securities - APE
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
Notification regarding unquoted securities - APE
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
Preliminary Final Report, Company Presentation
Preliminary Final Report, Dividend Rate
February
Hybrid car sales save Eagers from investor ire despite profit fall
The country’s largest dealership reported a 25 per cent fall in profits, but pointed to surging demand for BYD, a Chinese carmaker it is in partnership with.
May 2024
The ASX is waking up to the RBA’s wicked inflation problem
Equity market valuations assume a soft landing, but inflation data suggests the RBA has a big problem on its hands, as CPI remains sticky despite weak spending.
February 2024
Sales about to spike for gas-guzzling utes, hybrids under gun
Two big ASX-listed car dealership groups are worried about proposed emissions standards, as the FCAI warns most hybrid vehicles will be hit hard.
Politis cashes in as car sales boom boosts Eagers’ dividends
The country’s largest car dealership said it had a backlog of around 40,000 vehicles ordered by buyers, supporting revenues over the next 12 months.
January 2024
EV sales double in 2023 but utes still reign supreme
New vehicle sales hit a high last year, breaking 2017’s record. Full battery electric vehicle sales doubled to 7.2 per cent of the total market, but utes remain the top three sellers.
Eagers Auto says outsiders accessed data from IT servers
Australia’s largest car dealership group, with 200 showrooms, is notifying a “small number” of people who may face a risk of serious data misuse.
December 2023
Golden times for the used car market are over
The average time taken to sell a secondhand vehicle in Australia is at its highest level in a year, and values keep dropping.
August 2023
No discounts in sight for new car buyers
A structural undersupply of 300,000 new vehicles from the pandemic and the rise of electric cars means discounting is a thing of the past.
July 2023
These small caps are hugely attractive (if you’re brave)
There will opportunities for bargain hunters as the economy slows in the next 12 months with many beaten-up small caps trading at 52-week lows.
May 2023
Tesla leads total EV sales to near eight-fold jump in a year
The Ford Ranger ute edged out the Toyota Hilux as the biggest selling new vehicle sales in Australia, but the market share of electric vehicles has soared in the past year.
April 2023
Eagers expects EV jump as BYD narrows gap on Tesla
Billionaire investor Warren Buffett is a backer of the Chinese car, now the No.2 selling electric vehicle brand in Australia behind Tesla.
February 2023
In the market for a new car? Get ready to haggle again
New vehicle supply is improving as the negative wealth effect from falling house prices arrives, ending the golden days for car dealers.
Tesla Model 3 the third-highest selling car in Australia
New vehicle sales in January were the strongest in five years, with Tesla price cuts helping push it to the highest ranking ever for an EV.
November 2022
How to invest in Australia’s ‘four speed’ economy
There are opportunities in looking beyond “averages” and exploring the different dynamics at play across the country.
September 2022
New vehicle sales in August highest in five years, EVs jump
The Tesla Model 3 was the fourth-highest selling new vehicle model across the entire market, with electric cars making solid headway.
August 2022
Rich Lister doubles down on slow recovery in car sales
New vehicle sales were up 0.4 per cent in July, as Eagers Automotive investor Nick Politis continued a buy-up of shares for a 15th day.
July 2022
Eagers Automotive says first-half profit to exceed guidance
Australia’s biggest car dealership group says it is likely to report a net profit of $246 million.
May 2022
Labor’s climate push throws up unlikely ASX winners
Incitec Pivot’s $7 billion demerger plan shows investors must think how stocks will win and lose as climate policy shifts, and how individual stocks will fare.
New car delivery backlogs crimp Eagers Automotive profit
Australia’s biggest car dealership group will soon start selling Chinese electric vehicle brand BYD alongside its existing 40 car brands.
March 2022
Sydney Roosters mull JobSaver repayments
Is it any wonder Easts is such a glutton for government cheques with no return address?