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Peter Stevens dealerships close in Geelong, Ringwood
Peter Stevens dealerships close in Geelong, Ringwood

Herald Sun

time29-06-2025

  • Automotive
  • Herald Sun

Peter Stevens dealerships close in Geelong, Ringwood

Don't miss out on the headlines from News. Followed categories will be added to My News. Two major Victorian motorcycle dealerships closed at the weekend following the collapse of the Melbourne-based Peter Stevens retail group. The stores and showrooms at Peter Stevens Geelong and Ringwood have not been sold and have shut permanently, administrators KordaMentha said. And the City Triumph dealership which closed its West Melbourne showroom earlier this year will also not return. The stores could not be saved although a large portion of the business has been taken over, securing 250 jobs. Dozens of staff at the Peter Stevens sites at Mercer St, Geelong, and Maroondah Highway, Ringwood were only told on Friday of the closure. And customers have been left in the dark over parts and accessories orders. Triumph rider Richard Farrar ordered a $500 part from the Peter Stevens Geelong store but has no idea what's happened to his money. 'They obviously knew they were in trouble when I ordered … and it's bordering on obtaining my money deceptively,'' he said. Peter Stevens went into voluntary administration last month saddled with debt, and last week it emerged that creditors faced losses of over $65m including millions in customer deposits. The company was founded by the Chiodo brothers – Vince, Peter and Steve – in 1970 and grew into a national network of motorcycle stores and dealerships. Flagging motorcycle sales and the cost of living crisis has hit the industry hard in recent years. Some parts of the Peter Stevens group have now been taken over by private company Joe Rascal Group and ASX-listed MotorCycle Holdings. The Joe Rascal Group has will acquire the Harley Heaven stores at Dandenong, Ringwood and Melbourne, as well as Ducati South Melbourne. And Brisbane-based MotorCycle Holdings will take over the Peter Stevens Dandenong and Adelaide sites as well as Savage Motorcycles in Perth and the Harley Heaven dealerships in Sydney, Penrith, Perth and Adelaide. MotorCycle Holdings chief executive Matthew Wiesner said the company would maintain the Peter Stevens and Harley Heaven brands. The deals would mean about 250 employees would keep their jobs, Craig Shepard of KordaMentha said. The administrators said it would assist employees from the closed locations 'during the transition to closure'.

MotorCycle Holdings Insiders Placed Bullish Bets Worth AU$6.00m
MotorCycle Holdings Insiders Placed Bullish Bets Worth AU$6.00m

Yahoo

time24-03-2025

  • Business
  • Yahoo

MotorCycle Holdings Insiders Placed Bullish Bets Worth AU$6.00m

Over the last year, a good number of insiders have significantly increased their holdings in MotorCycle Holdings Limited (ASX:MTO). This is encouraging because it indicates that insiders are more optimistic about the company's prospects. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing. Over the last year, we can see that the biggest insider purchase was by insider Hamish Douglass for AU$5.3m worth of shares, at about AU$1.55 per share. Even though the purchase was made at a significantly lower price than the recent price (AU$2.05), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive. While MotorCycle Holdings insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! View our latest analysis for MotorCycle Holdings MotorCycle Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that MotorCycle Holdings insiders own 40% of the company, worth about AU$60m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in MotorCycle Holdings and their transactions don't cause us concern. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that MotorCycle Holdings has 2 warning signs and it would be unwise to ignore these. But note: MotorCycle Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

ASX Penny Stocks Under A$700M Market Cap: 3 Promising Picks
ASX Penny Stocks Under A$700M Market Cap: 3 Promising Picks

Yahoo

time23-03-2025

  • Business
  • Yahoo

ASX Penny Stocks Under A$700M Market Cap: 3 Promising Picks

Following a Thursday that marked the best ASX trading day in six weeks, Australian shares are facing a slight dip as global investors remain cautious. For those interested in exploring beyond the established giants, penny stocks—often representing smaller or newer companies—can offer intriguing possibilities despite their somewhat outdated label. In this article, we examine three such stocks that could provide compelling opportunities with financial strength and potential for growth. Name Share Price Market Cap Financial Health Rating CTI Logistics (ASX:CLX) A$1.64 A$127.94M ★★★★☆☆ MotorCycle Holdings (ASX:MTO) A$1.99 A$146.87M ★★★★★★ Accent Group (ASX:AX1) A$1.795 A$1.02B ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$1.645 A$77.6M ★★★★★★ IVE Group (ASX:IGL) A$2.38 A$368.64M ★★★★★☆ GTN (ASX:GTN) A$0.60 A$117.83M ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$3.08 A$146.15M ★★★★★★ Regal Partners (ASX:RPL) A$2.87 A$962.59M ★★★★★★ NRW Holdings (ASX:NWH) A$2.88 A$1.32B ★★★★★☆ LaserBond (ASX:LBL) A$0.375 A$44M ★★★★★★ Click here to see the full list of 981 stocks from our ASX Penny Stocks screener. We'll examine a selection from our screener results. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Hearts and Minds Investments (ASX:HM1) is an Australian-listed investment company with a market capitalization of A$693.82 million, focusing on leveraging the expertise of leading fund managers to create a concentrated portfolio. Operations: The company generates revenue of A$191.25 million from its investment activities. Market Cap: A$693.82M Hearts and Minds Investments has shown remarkable earnings growth, with a recent increase of 466.4% over the past year, significantly outpacing its five-year average. The company reported half-year revenue of A$137.51 million, up from A$25.99 million a year prior, with net income rising to A$91.95 million. Despite having no debt and strong asset coverage for liabilities, its management team is relatively inexperienced with an average tenure of 1.5 years. While the stock's price-to-earnings ratio is attractively low at 5.4x compared to the market average, its dividend yield of 5.28% isn't well covered by free cash flows. Navigate through the intricacies of Hearts and Minds Investments with our comprehensive balance sheet health report here. Learn about Hearts and Minds Investments' historical performance here. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Renascor Resources Limited focuses on the exploration, development, and evaluation of mineral properties in Australia, with a market capitalization of A$127.10 million. Operations: The company generates revenue from its activities in the exploration of graphite, copper, gold, uranium, and other minerals in Australia. Market Cap: A$127.1M Renascor Resources has demonstrated substantial earnings growth, with a 302.1% increase over the past year, surpassing industry averages. The company reported half-year revenue of A$2.66 million and net income of A$1.02 million, indicating improved profit margins from the previous year. Despite its low return on equity at 1%, Renascor is debt-free with short-term assets of A$113.2 million covering both long-term liabilities and short-term obligations comfortably. The management team and board are experienced, contributing to stable weekly volatility levels at 7%. However, high non-cash earnings suggest caution in assessing quality profitability metrics. Unlock comprehensive insights into our analysis of Renascor Resources stock in this financial health report. Evaluate Renascor Resources' historical performance by accessing our past performance report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Tyro Payments Limited provides payment solutions to merchants in Australia and has a market capitalization of A$395.57 million. Operations: Tyro Payments generates revenue through its Payments segment, which accounts for A$464.66 million, and its Banking segment, contributing A$14.88 million. Market Cap: A$395.57M Tyro Payments has shown significant earnings growth, with a 206.7% increase over the past year, outpacing industry averages. The company reported half-year revenue of A$248.31 million and net income of A$10.26 million, reflecting improved profit margins from the previous year. Despite a low return on equity at 14.2%, Tyro is debt-free with short-term assets exceeding both long-term and short-term liabilities comfortably. Its management team and board are experienced, contributing to stable weekly volatility levels at 5%. The price-to-earnings ratio of 12.8x suggests it may be undervalued compared to the broader market average. Dive into the specifics of Tyro Payments here with our thorough balance sheet health report. Gain insights into Tyro Payments' outlook and expected performance with our report on the company's earnings estimates. Unlock our comprehensive list of 981 ASX Penny Stocks by clicking here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:HM1 ASX:RNU and ASX:TYR. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio

ASX Penny Stocks Under A$700M Market Cap: 3 Promising Picks
ASX Penny Stocks Under A$700M Market Cap: 3 Promising Picks

Yahoo

time21-03-2025

  • Business
  • Yahoo

ASX Penny Stocks Under A$700M Market Cap: 3 Promising Picks

Following a Thursday that marked the best ASX trading day in six weeks, Australian shares are facing a slight dip as global investors remain cautious. For those interested in exploring beyond the established giants, penny stocks—often representing smaller or newer companies—can offer intriguing possibilities despite their somewhat outdated label. In this article, we examine three such stocks that could provide compelling opportunities with financial strength and potential for growth. Name Share Price Market Cap Financial Health Rating CTI Logistics (ASX:CLX) A$1.64 A$127.94M ★★★★☆☆ MotorCycle Holdings (ASX:MTO) A$1.99 A$146.87M ★★★★★★ Accent Group (ASX:AX1) A$1.795 A$1.02B ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$1.645 A$77.6M ★★★★★★ IVE Group (ASX:IGL) A$2.38 A$368.64M ★★★★★☆ GTN (ASX:GTN) A$0.60 A$117.83M ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$3.08 A$146.15M ★★★★★★ Regal Partners (ASX:RPL) A$2.87 A$962.59M ★★★★★★ NRW Holdings (ASX:NWH) A$2.88 A$1.32B ★★★★★☆ LaserBond (ASX:LBL) A$0.375 A$44M ★★★★★★ Click here to see the full list of 981 stocks from our ASX Penny Stocks screener. We'll examine a selection from our screener results. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Hearts and Minds Investments (ASX:HM1) is an Australian-listed investment company with a market capitalization of A$693.82 million, focusing on leveraging the expertise of leading fund managers to create a concentrated portfolio. Operations: The company generates revenue of A$191.25 million from its investment activities. Market Cap: A$693.82M Hearts and Minds Investments has shown remarkable earnings growth, with a recent increase of 466.4% over the past year, significantly outpacing its five-year average. The company reported half-year revenue of A$137.51 million, up from A$25.99 million a year prior, with net income rising to A$91.95 million. Despite having no debt and strong asset coverage for liabilities, its management team is relatively inexperienced with an average tenure of 1.5 years. While the stock's price-to-earnings ratio is attractively low at 5.4x compared to the market average, its dividend yield of 5.28% isn't well covered by free cash flows. Navigate through the intricacies of Hearts and Minds Investments with our comprehensive balance sheet health report here. Learn about Hearts and Minds Investments' historical performance here. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Renascor Resources Limited focuses on the exploration, development, and evaluation of mineral properties in Australia, with a market capitalization of A$127.10 million. Operations: The company generates revenue from its activities in the exploration of graphite, copper, gold, uranium, and other minerals in Australia. Market Cap: A$127.1M Renascor Resources has demonstrated substantial earnings growth, with a 302.1% increase over the past year, surpassing industry averages. The company reported half-year revenue of A$2.66 million and net income of A$1.02 million, indicating improved profit margins from the previous year. Despite its low return on equity at 1%, Renascor is debt-free with short-term assets of A$113.2 million covering both long-term liabilities and short-term obligations comfortably. The management team and board are experienced, contributing to stable weekly volatility levels at 7%. However, high non-cash earnings suggest caution in assessing quality profitability metrics. Unlock comprehensive insights into our analysis of Renascor Resources stock in this financial health report. Evaluate Renascor Resources' historical performance by accessing our past performance report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Tyro Payments Limited provides payment solutions to merchants in Australia and has a market capitalization of A$395.57 million. Operations: Tyro Payments generates revenue through its Payments segment, which accounts for A$464.66 million, and its Banking segment, contributing A$14.88 million. Market Cap: A$395.57M Tyro Payments has shown significant earnings growth, with a 206.7% increase over the past year, outpacing industry averages. The company reported half-year revenue of A$248.31 million and net income of A$10.26 million, reflecting improved profit margins from the previous year. Despite a low return on equity at 14.2%, Tyro is debt-free with short-term assets exceeding both long-term and short-term liabilities comfortably. Its management team and board are experienced, contributing to stable weekly volatility levels at 5%. The price-to-earnings ratio of 12.8x suggests it may be undervalued compared to the broader market average. Dive into the specifics of Tyro Payments here with our thorough balance sheet health report. Gain insights into Tyro Payments' outlook and expected performance with our report on the company's earnings estimates. Unlock our comprehensive list of 981 ASX Penny Stocks by clicking here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:HM1 ASX:RNU and ASX:TYR. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

ASX Penny Stocks To Consider In March 2025
ASX Penny Stocks To Consider In March 2025

Yahoo

time04-03-2025

  • Business
  • Yahoo

ASX Penny Stocks To Consider In March 2025

The Australian market is experiencing volatility, with the ASX 200 futures indicating a significant drop following global economic tensions, including new tariffs and fluctuating commodity prices. In such uncertain times, investors often look to smaller or newer companies for potential growth opportunities. Penny stocks, despite their somewhat outdated name, can still offer value by providing access to companies with strong financial foundations and the potential for long-term growth. Name Share Price Market Cap Financial Health Rating EZZ Life Science Holdings (ASX:EZZ) A$1.79 A$84.44M ★★★★★★ GTN (ASX:GTN) A$0.545 A$107.02M ★★★★★★ IVE Group (ASX:IGL) A$2.38 A$368.64M ★★★★★☆ Bisalloy Steel Group (ASX:BIS) A$3.30 A$158.08M ★★★★★★ SHAPE Australia (ASX:SHA) A$2.96 A$244.91M ★★★★★★ Perenti (ASX:PRN) A$1.28 A$1.2B ★★★★★★ Regal Partners (ASX:RPL) A$3.34 A$1.12B ★★★★★★ MotorCycle Holdings (ASX:MTO) A$1.995 A$147.24M ★★★★★★ CTI Logistics (ASX:CLX) A$1.75 A$136.52M ★★★★☆☆ Accent Group (ASX:AX1) A$2.02 A$1.14B ★★★★☆☆ Click here to see the full list of 1,015 stocks from our ASX Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: MotorCycle Holdings Limited operates motorcycle dealerships across Australia and has a market capitalization of A$147.24 million. Operations: MotorCycle Holdings Limited has not reported any specific revenue segments for its operations. Market Cap: A$147.24M MotorCycle Holdings Limited, with a market cap of A$147.24 million, shows potential in the penny stock segment due to its undervaluation at 26.7% below estimated fair value and good relative value compared to peers. Despite experiencing negative earnings growth over the past year, the company reported an increase in half-year sales to A$327.98 million and net income of A$9.45 million, indicating some resilience. The company's debt management appears prudent with a satisfactory net debt to equity ratio of 32.9%, while interest payments are well covered by EBIT at 6.6 times coverage, supporting financial stability amidst dividend increases and executive changes. Click here and access our complete financial health analysis report to understand the dynamics of MotorCycle Holdings. Gain insights into MotorCycle Holdings' future direction by reviewing our growth report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Southern Cross Media Group Limited, with a market cap of A$167.93 million, produces audio content for broadcast and digital networks in Australia. Operations: Southern Cross Media Group Limited has not reported any specific revenue segments. Market Cap: A$167.93M Southern Cross Media Group Limited, with a market cap of A$167.93 million, presents a mixed picture in the penny stock space. The company is trading at 38% below its estimated fair value and maintains a stable cash runway exceeding three years despite being unprofitable. Recent earnings reports show sales growth to A$209.68 million, with net income slightly increasing to A$3.22 million for the half-year ended December 2024. However, long-term liabilities remain uncovered by short-term assets (A$137.5M vs A$411.2M), and the debt-to-equity ratio is high at 45%. Strategic asset sales aim to reduce debt further while executive changes bolster leadership stability amidst ongoing transformation efforts. Jump into the full analysis health report here for a deeper understanding of Southern Cross Media Group. Explore Southern Cross Media Group's analyst forecasts in our growth report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Wiseway Group Limited operates as a logistics and freight forwarding service provider across Australia, New Zealand, China, Singapore, and the United States with a market capitalization of A$30.12 million. Operations: Wiseway Group's revenue segments have not been reported. Market Cap: A$30.12M Wiseway Group Limited, with a market cap of A$30.12 million, shows both potential and challenges as a penny stock. The company reported significant sales growth to A$83.9 million for the half-year ended December 2024, with net income rising to A$0.983 million compared to the previous year. Despite this progress, Wiseway's debt remains high with a net debt to equity ratio of 125.2%, although interest payments are well covered by EBIT at 21.6 times coverage. Short-term assets exceed liabilities by A$9.8 million, while an interim dividend increase reflects confidence in future performance amidst experienced management and board oversight. Unlock comprehensive insights into our analysis of Wiseway Group stock in this financial health report. Understand Wiseway Group's track record by examining our performance history report. Navigate through the entire inventory of 1,015 ASX Penny Stocks here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:MTO ASX:SXL and ASX:WWG. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio

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