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• Cartrack Holdings Ltd – FY21 interim results

  by Gavin Bantam Thu Oct 15 07:13:36 SAST 2020

  Cartrack released a strong set of interim results to August, highlighted by another high distribution to shareholders. Reported HEPS printed at the mid-point of recent trading statement guidance, but the …

  Cartrack Holdings Ltd – Earnings and valuation range upgrade

  by Gavin Bantam Wed Sep 23 11:05:00 SAST 2020

  Erratum: This version replaces an earlier version sent where Cartrack’s forecast EBITDA growth in FY21E was given as 39% on the front page, whereas it should have been 19%. Following …

  Cartrack Holdings Ltd – Q1 business update: tracking ahead

  by Gavin Bantam Wed Aug 05 07:57:41 SAST 2020

  Cartrack released a Q1 FY21 business update to May 2020, a period materially impacted by lockdown restrictions. Overall, the update had a positive tone with most metrics ahead of our …

  Cartrack Holdings Ltd – Annuity-based cash flows and high returns on capital continue to offer compelling value

  by Gavin Bantam Wed Jun 10 07:04:49 SAST 2020

  Covid-19 will slow Cartrack’s near-term subscriber growth - we downgrade FY21E earnings and lower our future value valuation range. We downgrade FY21E diluted HEPS by c.8% from 180c (+22% growth) …