SG Fleet drives into the UK market
On Thursday, SG Fleet Group (ASX: SGF) announced the acquisition of UK contract hiring and fleet management company Fleet Hire. The total value of the acquisition is 25.7 million pounds (AUD $44.1 million). The company said the acquisition gives SG Fleet scale and a profitable platform for continued growth in the UK market. The company also announced that it expects underlying net profit after tax for the 2016 financial year to be $52.1 million, slightly ahead of our expectations. Shares in SG Fleet closed up 9% for the week. We own SG Fleet as a research driven investment in WAM Capital and WAM Research.
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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).
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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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