MMS drives home a bargain Salary packaging and novated lease provider McMillan Shakespeare (ASX: MMS) announced late Thursday night the acquisition of...
MMS drives home a bargain Salary packaging and novated lease provider McMillan Shakespeare (ASX: MMS) announced late Thursday night the acquisition of Presidian for $115 million. Presidian is a provider of finance, warranty and insurance products for the automotive industry, specialising in used cars. Our early research tells us that this acquisition will be earnings accretive for the company this financial year, as well as being a good complementary fit for the rest of the existing MMS business. MMS shares were up 3.0% last week. We currently own MMS in the investment portfolio. To view our weekly update to shareholders click here: (VIEW LINK).
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap...
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