Finance

LANTERN VOTES TO SELL THE LOT

Posted on October 26th, 2016 by Clyde Mooney
Lantern Hotel Group’s AGM yesterday saw shareholders pass a resolution to sell down the remaining six properties in the portfolio, meaning more key assets to meet a starved market. Following successes divesting all its ‘non-core’ pubs in line with the

KEYSTONE CONCLUSION CLOSER AS BREAK-UP IMMINENT

Posted on October 24th, 2016 by Clyde Mooney
The much-anticipated future of The Keystone Group portfolio remains undetermined, as news emerges of a shrinking short-list and Dixon Hospitality eyeing seven of the 17 venues. After falling foul of financiers, a high-profile campaign for the well-known Keystone portfolio has

LAUNDY DOUBTFUL OF REDCAPE PURCHASE

Posted on September 21st, 2016 by Clyde Mooney
Pub giant and active transactor Arthur Laundy has quashed rumours he is close to buying the $700 million Redcape portfolio. As the Australian pub industry waits with bated breath the fate of the New York hedge-fund-owned collection of big-performance gaming

GOLDMAN SACHS CALLED TO BROKER REDCAPE SALE

Posted on September 7th, 2016 by Clyde Mooney
As the money-shuffling strategies of its hedge fund owners continues, another potential sales process has emerged for Australia’s high-profile pub group. New York-based Värde Partners and York Capital Management hold the deeds to the gaming-centric Redcape Hotel Group, but will

WOW FIGURES SHED LIGHT ON ALH DILEMMA

Posted on August 26th, 2016 by Clyde Mooney
Australia’s biggest pub operator is the crux of a profitability dilemma for its majority owner Woolworths, as the supermarket giant weighs up bottom line and a PR crisis. Woolworth Limited (ASX: WOW) yesterday announced its full year results for FY16,

FIGURES SHOW LIGHT AT END OF TURNAROUND TUNNEL FOR LANTERN

Posted on August 24th, 2016 by Clyde Mooney
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

ALE BASKS AS WOOLWORTHS SWEATS

Posted on August 8th, 2016 by Clyde Mooney
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

THE FATE OF REDCAPE PROPERTY PAWN

Posted on July 11th, 2016 by Clyde Mooney
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

KEYSTONE SINKS UNDER WEIGHT OF DEBT

Posted on June 29th, 2016 by Clyde Mooney
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 &