im following SGF and they go xdiv 10 Sept next week paying .24 cents per share

closing price today $2.98

Rapid acceleration in demand for EVs

• Continued growth in quoting for ICE vehicles confirms EV is attracting new customer segment

• SG Fleet novated employer and driver profile supports EV take-up

• Demand to persist beyond current incentives and across multiple lifecycles

Revenue growth driven by strong delivery volumes, particularly Novated, together with higher volumes of end-of-lease disposals.

SGF Return (inc div)   1yr: 14.40%   3yr: 23.83% pa   5yr: -0.13% pa

SGF Profitable? Yes

But the Loans Alah Debt Equity is high.

Now Check the others:

MMS

SIQ

Compare Net Profit Margin Dec 2022 below:

SGF: 7.38%

MMS: 13.82% note Debt / Equity is in better position

SIQ: 26.19%

Disclosure- I bought SGF when the AFR reported they were going to make the leaseplan acquisiotn-still hold

I know this is not the typical type of stock to get people on this site excited , there is no way SGF is going up 10X!

however, i have followed this company for many years and met mgt many times. The acquisition of Leaseplan is a big move in the fleet mgt industry. consolidation has been mooted for many years due to the large benefits of scale. however, getting a deal and a price proved too difficult until now. we saw both SGF and MMS previously approach ECX to no avail. i think Leasplan/SGF puts them in a powerful position in the fleet mgt industry, putting them well ahead of the competition. even though this will most probably lead to some combination of SIQ/ECX/MMS merging, MMS and SIQ are novated lease companies more than fleet mgt. ECX is a fleet mgt company but any combination will not match the new SGF. Both Leaseplan and SGF parents look to have wanted exposure/increased exposure. i am sure they are aware of the potential benefits. For SGF mgt this is the once in a generation deal to cement the biz in a dominant position, it would surprise me if they drop the ball after years of waiting and planning. i see easily $3.20 and maybe higher.   this is not advice just a humble opinion

SG Fleet delivers $25.4m profit, helped by continued strong performance of Corporate business and accelerating recovery in Novated

~ 1H21 Reported NPAT $25.4m (1H20: $24.5m) vs. AGM guidance of $22-24m

~ No JobKeeper payments received

~Order pipeline elevated – benefits to flow into future periods

~ Fully franked interim dividend of 7.192cps / 65% pay-out ratio reinstated

Disc:Previously held