The Motley Fool

MotorCycle Holdings Ltd (ASX:MTO) rides FY18 results high

Motorbike dealership small cap MotorCycle Holdings Ltd (ASX: MTO) handed down its annual report and FY18 results today with its NPAT falling 2% on FY17 to $9.1 million.

MotorCycle Holding shares were up 5% at the time of writing to $3.36.

According to the report EBITDA rose 21.3% for the year, with revenue up 28.5% but overall operating expenses also rose 42.3%.

Despite challenging market conditions total motorcycle sales did rise 9% and MotorCycle Holdings will issue a fully-franked final dividend of 6.5c – totalling 12c per share for the year.

Wilsons and Morgans both placed a buy rating on MotorCycle Holdings last month, but the company only met the lower end of Wilson’s EBITDA estimates of between $19 million and $20 million on an underlying basis – with an underlying EBITDA of $19.8 million.

Elsewhere in the automotive arena ARB Corporation Limited (ASX: ARB) shares have been on the incline since reporting its results last week with GUD Holdings Limited (ASX: GUD) also on the up on the day before its dividend pay date.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended ARB Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!