Eclipx continues to shine
Fleet management company Eclipx (ASX: ECX), which listed on the ASX on 22 April 2015, delivered an interim net profit after tax excluding amortisation result of $23.8 million. The company also announced it is on track to meet prospectus forecasts for the 2015 financial year. We participated in the IPO and have continued to increase our exposure as we believe the industry is solid and the company stands to benefit from an excellent management team that has a proven track record.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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