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Eclipx Group Ltd (ECX) Is Getting Thumped

The Eclipx Group Ltd (ASX: ECX) share price has been on a downward spiral for over a year and today was no exception -- it was down another 12%.
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With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

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The Eclipx Group Ltd (ASX: ECX) share price has been on a downward spiral for over a year and today was no exception — it was down another 12%.

The bad news started for Eclipx back when McMillian Shakespeare Ltd (ASX: MMS) announced its deal with Eclipx was unlikely to proceed.

Eclipx is vehicle financing, fleet management and leasing business in Australia and New Zealand. McMillian operates in a similar space but is larger.

As we wrote last week, even Eclipx recognises a deal is unlikely and has since announced a “transformation plan”.

“Eclipx has not been able to reach agreement with MMS…” it said in an ASX update.

While the cost reduction could bear fruit it may be time for shareholders to look elsewhere.

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Passive income guidebook

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Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

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