Sign up Australia
Proactive Investors - Run By Investors For Investors

P2P Transport fleet reaches 1,000 vehicle milestone

The company is trading around its December 2017 listing price of $1.32.
Toyota Camry Altise
An uber driver can rent a car from P2P Transport for $299 per week

P2P Transport Ltd (ASX:P2P) has added 63 more vehicles to its fleet and in doing so achieved a significant milestone as its fleet reaches 1,000 vehicles.

Since its ASX listing on 13 December 2017, P2P Transport has added 280 cars to its fleet.

This represents 77% of the forecast additional 364 vehicles by the end of FY18.

On track to meet FY18 guidance

The company’s fleet growth will enable it to achieve its forecast FY18 revenue of $50.4 million and EBIT of $12.7 million.

Positively, P2P has taken this opportunity to advise it is tracking in line with these forecasts.

The company’s CEO also added that the pipeline remains strong.

Integrated fleet management company

P2P Transport is an integrated fleet management company that rents vehicles to professional drivers.

For example, a prospective uber driver can rent a Toyota Camry Altise for $299 per week that is maintained, insured with no lock-in contract.

The company’s fleet consists of taxis, corporate and ride-share vehicles.

End-to-end fleet management capabilities

The company’s business model comprises end-to-end fleet management capabilities including:

• Vehicle acquisition and in-house customisation;
• Vehicle servicing and driver support including repairs and maintenance; and
• Fleet management and administration including driver training and on-site services.

View full P2P profile View Profile

P2P Transport Timeline

Related Articles

September 01 2018
The tech group is increasingly expanding its geographical reach and gaining traction in China
Vault online software in the cloud image
August 08 2018
The company has achieved strong sales on the back of its risk and safety management software systems.
An illustration of the tools Velpic uses in providing education and incident management
March 22 2018
Velpic has just signed its first NowForce client in Australia.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use