Australia's MotorCycle Holdings hits over 2-year high on strong HY outlook

MotorCycle Holdings

27/11/2020 24:02

** Shares of MotorCycle Holdings Ltd  MTO.AX  rise as much
as 18.3% to A$2.98, their highest since Oct 2018
    ** The motorcycle dealer says it expects 1H21 underlying
EBITDA between A$23 mln ($16.92 mln) and A$25 mln (https://bit.ly/39jN8Qw)
    ** MTO reported underlying EBITDA of A$9.9 mln half year
ended Dec 2019 (https://bit.ly/2JfzoMb)
    ** Stock marks biggest intraday pct jump since Oct 6, 2020;
set for a fifth straight session of gains
    ** Set to gain 7.5% over the week, snapping four straight
weekly losses
    ** Stock up 24.4% this year, as of last close

    ($1 = 1.3596 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))