The demonstrable turn-around of listed pub group Lantern has been seen in the company’s end of financial year report. Having announced plans to execute a formal ‘Transformation Plan’ (see below) at the end of 2015, the resulting changes to revenue and debt have brought significant upswings on the bottom line and a healthy dividend return […]
FIGURES SHOW LIGHT AT END OF TURNAROUND TUNNEL FOR LANTERN Read More »
ALE EOFY results saw dividend increases and prosperity predicted to arise from growth and opportunities in partnership with ALH – backed by flustered supermarket giant Woolworths. In days since the announcement (ASX: LTN) ALE’s securities have remained steady around $4.34 – trading at a healthy 71 per cent premium to their underlying value of $2.53.
As rumours circle around the fate of one of Australia’s largest and most influential operators, the reality of investment capital in Aussie pubs stays the same. Redcape Hotel Group owns and operates 23 freehold going concerns, with a portfolio value of around $700 million. It is owned by New York entities Värde Partners and York
One of Sydney’s best-known hospitality operators has seen receivers called in to “pursue a sale process” after financial strain and lockout laws took too high a toll. The Keystone Group (TKSG) was formed in 2000 around well-run good-time food & bev venues, with founding partners stemming from several existing pub dynasties. Around two years ago
The original ALH landlord has posted its half-yearly property results, demonstrating why the hotel market continues to attract hungry investment. Listed entity ALE (ASX: LEP) reports the value of its portfolio of 86 freeholds grew by a healthy 10 per cent in FY16, up $90.0 million to $990.48 million. ALE says the value uplift was
The Australian Financial review reports Dixon Hospitality is one step closer to its rumoured IPO, with another “chunky acquisition” expected to be announced soon. The operation, fronted by father and son team Bruce and Michael Dixon, has been on an aggressive acquisition path since its inception in 2012. Starting as a charter cruise business, it
Pelathon Group – established by ASX-listed BlackWall Property Funds, who partnered with Jaz Mooney – now has the opportunity to take the re-structured pub group “to the next level”. Pelathon Pub Group (PPG) has held three assets worth around $24 million since 2010, and now has mapped out strategic plans to build this to a
The future of the Redcape portfolio has taken another step, as the Moelis-Meers partnership progresses in its race to own its 26 pubs in New South Wales and Queensland. The Australian Financial Review reported that Moelis and Redcape have signed a heads of agreement, allowing the next step in the due diligence process. Redcape is
It’s business as usual and business is good at Australia’s largest pub landlord, which has just posted a rosy outlook and profit lift as it continues to “focus on quality”. ALE owns the freeholds to 86 properties, exclusively leased to the country’s largest publican, Australian Leisure & Hospitality (ALH). The pair have largely pioneered the
“WE KEEP TO A SIMPLE RECIPE” – ALE TALKS LATEST PROFIT RESULTS Read More »
The largest shareholder of the largest landlord to Australian Leisure & Hospitality (ALH) made an unsuccessful takeover bid on Wednesday. The ASX-listed ALE real estate investment trust (REIT) consists entirely of a $900 million portfolio of properties, exclusively rented to Australia’s largest publican, the 75 per cent Woolworths-owned ALH. Already owning 25.84 per cent of
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