Shares of FleetPartners Group (ASX:FPR) rose past 1% in recent Friday trade after the company said in a late Thursday filing that the majority of the company's elevated arrears relating to about 200 individual novated customers need administrative action.
The company said the elevated arrears will normalize over time and will not have an impact on the broader business.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.