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Element Fleet Management Corp (EFN.TO)

EFN.TO on Toronto Stock Exchange

5.72CAD
23 May 2018
Change (% chg)

$-0.04 (-0.69%)
Prev Close
$5.76
Open
$5.76
Day's High
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Day's Low
$5.66
Volume
1,229,571
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3,133,855
52-wk High
$11.11
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$3.21

Latest Key Developments (Source: Significant Developments)

Element Fleet Management Q1 Adjusted EPS C$0.17
Tuesday, 15 May 2018 

May 15 (Reuters) - Element Fleet Management Corp ::ELEMENT FLEET MANAGEMENT REPORTS FIRST QUARTER 2018 RESULTS.ELEMENT FLEET MANAGEMENT Q1 ADJUSTED EARNINGS PER SHARE C$0.17.Q1 EARNINGS PER SHARE VIEW C$0.18 -- THOMSON REUTERS I/B/E/S.ELEMENT FLEET MANAGEMENT - CORE FLEET ORIGINATIONS IN Q1 WERE $1.47 BILLION, UP 10.5% FROM $1.33 BILLION IN Q1 2017.ELEMENT FLEET MANAGEMENT - QTRLY NET REVENUE $211.3 MILLION.  Full Article

DMG, Aim Upsize To Private Placement, Investment From Element Fleet Management
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Aim Explorations Ltd ::DMG BLOCKCHAIN SOLUTIONS INC. AND AIM EXPLORATIONS LTD. ANNOUNCE UPSIZE TO PRIVATE PLACEMENT AND STRATEGIC INVESTMENT FROM ELEMENT FLEET MANAGEMENT CORP..AIM EXPLORATIONS -CO & DMG BLOCKCHAIN SOLUTIONS HAVE INCREASED PRIVATE PLACEMENT TO UP TO 31.3 MILLION SUBSCRIPTION RECEIPTS AT $0.80/SUBSCRIPTION RECEIPT​.AIM EXPLORATIONS - ELEMENT FLEET MANAGEMENT COMMITTED TO MAKING INVESTMENT IN ‍DMG BLOCKCHAIN SOLUTIONS FOR OWNERSHIP OF ABOUT 9.9% OF ‍DMG BLOCKCHAIN.  Full Article

Element Fleet Management reports Q3 qtrly total‍ adj. basic EPS $0.21​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Element Fleet Management Corp :Element Fleet Management reports Q3 2017 results.Qtrly total‍ adjusted basic EPS of $0.21​.Says ‍originations in Q3 of 2017 were $1.44 billion, up 6 pct compared to $1.36 billion in Q3 2016​.Qtrly total ‍net revenue of $236.3​ million.Q3 earnings per share view c$0.21, revenue view c$235.7 million -- Thomson Reuters I/B/E/S.  Full Article

Element Financial shareholders vote in favour of separation into 2 companies
Tuesday, 20 Sep 2016 

Element Financial: Element shareholders vote 99.5% in favour of plan to separate into two market leading companies .Expects that arrangement will be completed on October 3, 2016 if final court order is granted, other conditions satisfied.  Full Article

Element Financial says tax adjusted operating income $0.41 per share
Friday, 12 Aug 2016 

Element Financial Corp : Tax adjusted return on average earning assets increased to 3.92% in q2-2016 versus 3.19% in q2-2015 . Tax adjusted operating income for three-month period ending june 30, 2016 was $0.32 per basic share . Q2 earnings per share view c$0.37 -- Thomson Reuters I/B/E/S . Element fleet management reports continued strong performance in q2-2016 and confirms after-tax adjusted eps guidance of between $1.05 and $1.15 for 2016 with growth of between 10% - 12% in 2017 . Says fleet originations increased to $1.7 bln in q2-2016 versus $820.7 million in q2-2015 .Tax adjusted operating income was $0.41 per share.  Full Article

Element Financial Corp board unanimously approves plan to separate into two market leading companies
Tuesday, 26 Jul 2016 

Element Financial Corp : Board unanimously approved plans to proceed with reorganization of element into two separate publicly-traded companies . Following separation transaction, Element Financial Corporation, to be renamed Element Fleet Management Corp. . ECN capital will acquire all of issued and outstanding shares in capital of IAC . At closing of IAC deal, each outstanding share of IAC will be bought in exchange for specified number of ecn capital shares . Element board unanimously approves plan to separate into two market leading companies . Element's existing senior credit facility will be amended to provide for $4.0 billion in 3-year revolving funding for Element Fleet .Following seperation, to be led by Bradley Nullmeyer as CEO.  Full Article

BRIEF-‍Element Fleet Comments On Celadon Group Press Release​

* DISCLOSURES BY CELADON DO NOT IMPACT CO'S ACCOUNTING TREATMENT OF JV/BUSINESS PLAN RELATED TO IT