Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hello Team, McMillan Shakespeare Limited appears to be a well-managed company that delivers consistent returns and seems relatively inexpensive compared to other finance companies. What are your thoughts on McMillan Shakespeare Limited? Do you consider it a good buy? Michael Sarpi
Hi Michael,
I can see why MMS has caught your attention after correcting 35% while retaining 1 Hold, 5 Buys & 1 Strong Buy from the seven brokers who cover the stock. The company is generally well run but it did miss expectations with its report in late August.
Clearly, the company has capitalised on Australia’s transition to EVs which accounted for 43% of new novated lease orders, double the previous year. MMS also introduced a new brand, Oly, aimed at making novated leasing accessible to employees of small and medium-sized businesses. The soft launch of Oly is set to be followed by a broader rollout in FY25.
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