MMS drives home a bargain Salary packaging and novated lease provider McMillan Shakespeare (ASX: MMS) announced late Thursday night the acquisition of...

Wilson Asset Management

Wilson Asset Management

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).


Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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