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Element Fleet Management Corp T.EFN

Alternate Symbol(s):  ELEEF

Element Fleet Management Corp. is a Canada-based fleet solutions providers. It operates as a pure-play automotive fleet manager. The Company offers a full range of fleet services and solutions to corporations, governments and not for profits across North America, Australia, and New Zealand. Its services address every aspect of clients' fleet requirements, from vehicle acquisition, maintenance, accidents and remarketing, to integrating electric vehicles' (EV) and managing the complexity of gradual fleet electrification. It offers a range of fleet solutions consisting of cost management; driver productivity and vehicle uptime; fleet electrification, lease vs ownership, sale leaseback, and others. Its fleet types include global; government and public sector; material handling equipment; sales, and heavy trucks. It offers fleet solutions to various industries, such as construction; energy, oil and gas; food and beverage; healthcare; services; transportation, and utilities.


TSX:EFN - Post by User

Comment by AVALONSHARKon Mar 28, 2018 4:36pm
224 Views
Post# 27797936

RE:RE:Analyst Comment

RE:RE:Analyst CommentToday was the ex-dividend day and the stock actually went up by 2%...at one point it was above 6% from yesterday's close. This is probably an indcation of how oversold EFN is..hope sanity will return and sub $ 4 days will be behind us. From my estimate, even if we completely discount 19th capital with zero return on capital+ interest and with 7% earning reduction in 2018, the SP should be around $ 5.75ish which is still more than a 40% uplift from current levels. In the longer term, if any development happens on the 19th capital front or the earning reduction is on the lower end of projections, I wouldnt be surprised to see a 80-90% turnaround in early 2019. Given the nature of this business with long term agreements, I would'nt be surprised to see a takeover attempt if sp hovers around the 0.5 mark for 2-3 quarters. 
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