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$7.62
Average Intrinsic Value
8.3%
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#CEO & MD Tenure Extended
Added 4 days ago

Bapcor CEO & MD Tenure Extended The Board of Bapcor Limited is pleased to announce that Darryl Abotomey, Chief Executive Officer and Managing Director has agreed to extend his tenure to 31 October 2023.

Darryl has been CEO and Managing Director of Bapcor since September 2011.

Bapcor’s Chair, Margie Haseltine said “We are delighted that Darryl is extending his leadership of Bapcor through to October 2023. Under Darryl’s guidance Bapcor has been one of the top performing ASX listed companies since it listed in April 2014, going from strength to strength, year after year. Bapcor has a clear 5-year strategic plan including specific targets, with many of the projects underway and which will be brought to fruition during Darryl’s remaining tenure.”

 

 

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#FY20 Results
Added a week ago

BAP released their results this AM and they look very strong, continuing the momentum they've built, paricularly through the period of Covid.  This is a very well run company, expanding internationally as well as domestically and growing in every facit of the business, including its dividend. This is a very good and relatively safe company to have in your portfolio.  I am a current shareholder.

https://newswire.iguana2.com/af5f4d73c1a54a33/bap.asx/3A561390/BAP_H1_FY2021_Results_Announcement

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#Trading update
Added 2 months ago

Bapcor has provided another trading update, revealing a 26% jump in group revenue for the 5 months to the end of November.

For the firsty half the business expects at least 25% top line growth but a 50% jump in NPAT due to operating leverage resulting from lower costs and the contribution from Truckline.

Bapcor noted that broker consensus forecasts for FY21 NPAT of between $110-115m "did not appear unreasonable".

That translates to ~33c EPS for the full year, and puits shares on a forward PE of 22 (using last close of $7.31). Investors can probably expect a 2.5% ff yield.

For a business that I expect can deliever upper single digit growth in the coming years, that seems undemanding. Especially in this low rate environment.

ASX anouncement here

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#Q1 Trading Update
Added 5 months ago

Bapcor has released a trading update for the first quarter of FY21, which (remarkeably) have shown a 27% lift in revenue despite Government imposed restrictions in Auckland and Victoria.

Indeed, it was the retail segment that saw the biggest lift, with revenue up 47% thanks to an especially strong result for company owned Autobarn stores.

Bapcor is very well placed for a strong 1st half, but didn't give any full year guidance given the uncertainties that remain.

You can read the ASX announcement here

 

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