市场见解

Bapcor (ASX:BAP) share price down despite positive CEO news

The Bapcor Ltd (ASX:BAP) share price has fallen despite positive news that the CEO will be sticking around in the business for longer.
The post Bapcor (ASX:BAP) share price down despite positive CEO news appeared first on The Motley Fool Australia. –

man holding a megaphone and shouting for people to invest in asx shares

The Bapcor Ltd (ASX: BAP) is down around 1% after announcing news about its CEO.

Bapcor is a large auto parts business with a number of different divisions including Burson and Autobarn.

Here’s what the company announced about its boss.

Bapcor CEO extends his tenure

The Bapcor board announced that the CEO and managing director Darryl Abotomey has agreed to extend his tenure to 31 October 2023. He has been the leader of Bapcor since September 2011.

The Bapcor Chair, Margie Haseltine, said:

We are delighted that Darryl is extending his leadership of Bapcor through to October 2023. Under Darryl’s guidance Bapcor has been one of the top performing ASX listed companies since it listed in April 2014, going from strength to strength, year after year.

Bapcor has a clear 5-year strategic plan including specific targets, with many of the projects underway and which will be brought to fruition during Darryl’s remaining tenure.

What else has been happening recently?

Last week the auto parts business announced its FY21 half-year result.

Bapcor said that along with strong financial performance, it has continued to progress major projects that will underpin the group’s future success. It said it’s in a very solid financial position and capable of capitalising on opportunities as they arise.

The auto parts business reported that its revenue from operations grew 25.8% to $883.6 million. Pro forma earning before interest, tax, depreciation and amortisation (EBITDA) went up by 36.5% to $145.6 million, pro forma net profit after tax (NPAT) grew by 54% to $70.2 million and pro forma earnings per share (EPS) rose 28.9% to 20.7 cents.

Whilst the net debt grew from $109.2 million to $120.4 million, the leverage ratio improved from 2.3x to 0.6x.

The Bapcor board decided to declare a fully franked interim dividend of 9 cents per share, up 12.5% compared to the prior corresponding period.

Bapcor said that it continues to have avenues to drive the performance of the business including further network growth, realising operational efficiencies and expansion of the own-brand product range. It also continues to work on its new distribution centre in Victoria as well as its online capabilities.  

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bapcor. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Bapcor (ASX:BAP) share price down despite positive CEO news appeared first on The Motley Fool Australia.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!