General Finance Corporation (GFNCU) news stock charts
General Finance Corporation (GFNCU) Investment Summary:
We were incorporated in Delaware on October 14, 2005 in order to serve as a vehicle to effect a business combination with one or more operating businesses. From inception through the end of the period covered by this Report, we have been a development stage company. We did not have any business or operations and our activities were limited to raising capital in our initial public offering (the “IPO”) in April 2006, identifying an operating business to acquire, and negotiating and entering into an agreement to acquire Royal Wolf. We issued 8,625,000 units in our IPO. Each unit consists of one share of our common stock and one warrant entitling the holder to purchase one share of our common stock at a price of $6.00. The public offering price of each unit was $8.00, and we generated gross proceeds of $69,000,000 in the IPO. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f11%2f09%2f0001144204-07-059867.html#FIS_BUSINESS"GENERAL FINANCE CORP-UNIT (GFNCU:NASDAQ)
Snapshot of GENERAL FINANCE CORP-UNIT (GFNCU)
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OPEN
$1.00
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PREVIOUS CLOSE
$1.00
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DAY HIGH
$1.00
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DAY LOW
$1.00
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52 WEEK HIGH
04/30/09 - $6.99
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52 WEEK LOW
02/19/10 - $0.51
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MARKET CAP
17.8M
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AVERAGE VOLUME 10 D
80.0
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EPS TTM
$0.05
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SHARES OUTSTANDING
17.8M
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GFNCU Does Not Pay Dividends
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P/E TTM
20.0x
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| K = Thousands M = Millions B = Billions | ||
Key developments for GENERAL FINANCE CORP-UNIT (GFNCU)
General Finance Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2009. For the quarter, loss before provision for income taxes and non-controlling interest was $883,000 against $3,374,000 for the same period in the last year. For the six months, the company reported income before provision for income taxes and non-controlling interest of $137,000 against loss before provision for income taxes and non-controlling interest of $13,607,000 for the same period in the last year. Net fleet capital expenditures were reduced by 79%, from $11.3 in the year-to-date for fiscal 2009 to $2.4 million in the year-to-date for fiscal 2010. Unaudited non-U.S. GAAP financial information for the six months ended December 31, 2008, which combines the first quarter ended September 30, 2008 results of Pac-Van (prior to its acquisition on October 1, 2008) with the consolidated results of General Finance, is provided for comparison purposes.
General Finance Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2009. For the quarter, the company has posted total revenue of $39,146,000 compared to $42,601,000 for the same period a year ago. Operating income was $2,641,000 compared to $5,275,000 for the same period a year ago. Net loss attributable to stockholders was $1,134,000 or $0.07 diluted per share compared to $1,005,000 or $0.06 diluted per share for the same period a year ago. Adjusted EBITDA declined by 16% to $7.9 million from $9.4 million for the same period a year ago. For the six months, the company has posted total revenue of $74,365,000 compared to $74,254,000 for the same period a year ago. Operating income was $4,716,000 compared to $7,002,000 for the same period a year ago. Net loss attributable to stockholders was $1,059,000 or $0.06 diluted per share compared to $6,032,000 or $0.38 diluted per share for the same period a year ago.
General Finance Corporation announced that they will report Q2, 2010 results on 02/11/2010
General Finance Corporation financial resources
GFNCU Competitors
| Company | Last | Change |
| Coates International Ltd | $0.37 USD | 0.00 |
| Mobile Mini Inc | $15.48 USD | +0.12 |
| Nomad Building Solutions Ltd | A$0.22 AUD | 0.00 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | GFNCU | Industry Range |
| Price/Earnings | 17.6x |
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| Price/Sales | 0.2x |
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| Price/Book | 0.2x |
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| Price/Cash Flow | 1.0x |
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| TEV/Sales | -- | Not Meaningful |
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GFNCU |
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GFNCU transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About General Finance Corporation
General Finance Corporation Reports Second Quarter FY 2010 Results
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General Finance Corporation Reports First Quarter FY 2010 Results
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General Finance Corporation Announces November 12, 2009 Conference Call to Review First Quarter FY 2010 Results
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