The S&P/ASX 200 Index (ASX: XJO) dropped around 0.5% today, falling back to 6,002 points.
Victoria reported another 275 new COVID-19 cases today and NSW clusters continue to grow in number.
Here are some of the highlights from the ASX today:
Eclipx Group Ltd (ASX: ECX) share price jumps
The Eclipx share price has jumped 8.5% today after announcing an asset sale. The company has sold Right2Drive for up to $26.5 million in fixed and contingent consideration.
The fixed consideration of $19.2 million includes $15 million payable at transaction completion and $4.2 million to be paid 18 months later. The contingent consideration of up to $7.3 million will be payable at six-month intervals following completion for a period of up to 24 months, based on pre-agreed collection rates on the current debtor book.
The book value of Right2Drive was $28 million at 31 March 2020. Therefore, the company will recognise a loss on the sale.
The transaction includes an ongoing commercial relationship with Right2Drive, including a right to supply new vehicle leases to Right2Drive for a period of three years.
All net proceeds will be used to reduce debt of the ex ASX 200 share.
Sydney Airport Holdings Pty Ltd (ASX: SYD) June 2020 traffic performance
Sydney Airport announced its June 2020 traffic numbers today.
The numbers were still down heavily. International passengers were down 97.6% to 32,000 and domestic passengers dropped 93.3% to 140,000.
While domestic passengers have materially increased in June compared to April and May, Sydney Airport expects to continue to see significant reductions in passenger traffic for as long as domestic and international travel restrictions persist.
As you'd expect, the ASX 200 share saw a large reduction in volume in all major nationality passenger groups. China, New Zealand, India, UK, USA and Japan passenger numbers were all down more than 90%.
The Sydney Airport share price fell 1.3% today.
Catapult Group International Ltd (ASX: CAT) share price surges 11.4%
Sports analytics business Catapult gave investors a preview into its FY20 numbers today.
The company said that it achieved free cashflow for FY20 of $9 million after taking a conservative approach with cost control measures. It also managed its working capital. Catapult achieved positive free cashflow a year earlier than expected.
Total revenue for FY20 is expected to be between $100 million and $101 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to be between $11.5 million and $12.5 million.
Around 75% of the company's revenue is subscription based, which has helped the company through the COVID-19 shutdowns despite many professional sporting leagues pausing their competitions.
The company warned that a significant proportion of sales that would otherwise have been made in the fourth quarter of FY20 are now expected to be made in the first half of FY21.
Record June quarter and annual inflows in FY20 for Hub24 Ltd (ASX: HUB)
The fintech platform business announced that its funds under administration (FUA) was $17.2 billion at 30 June 2020, a 34% increase compared to last year.
Hub24 achieved record annual net inflows of $4.95 billion in FY20, up from 27% from FY19. The quarter net inflows for June 2020 was $1.1 billion, up 11% on the prior corresponding period.
Over the fourth quarter of FY20 FUA increased by $2.1 billion, including the positive market movement of $1 billion.
Hub24 said it maintained second place in both adviser satisfaction and adviser advocacy in the recent 'investment trends' report. Its Hub24 platform market share has increased to 1.94%.
The company said its new business pipeline continues to grow with 34 new licensee agreements signed during the quarter and 110 new advisers using the platform.
Hub24 managing director Andrew Alcock said: "We remain committed to delivering the highest levels of service to support advisers and their clients as they seek to meet their objectives. We would like to thank our customers and our staff for their continued support during this challenging environment."
The Hub24 share price dropped 0.2% today.
