Finance

PUB INDUSTRY ANALYSIS POINTS TO BIG YEAR AHEAD

Posted on July 29th, 2019 by Clyde Mooney
Over $1 billion in pub assets changed hands in New South Wales and Queensland in FY19, according to a report analysing every transaction for the year. NSW rebounded in the final quarter to record $860m in industry sales for the

PUBS CLOSE AS EVA IN HANDS OF LIQUIDATORS

Posted on July 17th, 2019 by Clyde Mooney
Entertainment Venues Australia has been put into liquidation, leaving in doubt the future of its five operations in the South Australian capital. News initially broke that two of its pubs, Kent Town’s Royal Terrace Hotel and The Glenelg Pier Hotel,

WOOLWORTHS OUTLINE ALH SALE

Posted on July 3rd, 2019 by Clyde Mooney
Woolworths has finally announced strategy to divest its contentious Hotels division, to be coupled with its key liquor division, leaving the future of Australia’s biggest drinks-hospitality group dithering. ASX-listed Woolworths (WOW) today released details of its plan to merge Endeavour

WOOLWORTHS’ ALH SELL-OFF DILEMMA

Posted on June 24th, 2019 by Clyde Mooney
Speculation is rife Woolworths and the Mathieson family are poised to announce sell-off of the $3.6 billion ALH pubs portfolio. Senior management of Woolworths Group and Bruce Mathieson Jr are believed to be back at the negotiating table, discussing plans

COLES AND AVC ANNOUNCE $200m DEAL

Posted on March 6th, 2019 by Clyde Mooney
Coles’ Spirit Hotels has finally announced its much-anticipated joint venture proposal with Australian Venue Company (AVC), for control of 87 pubs in three states. ASX-listed Coles (ASX: COL), recently de-merged from parent company Wesfarmers, has entered into an incorporated joint

FIRST RESULTS FOR ASX-LISTED REDCAPE

Posted on February 20th, 2019 by Clyde Mooney
Redcape has announced its first results since its listing in November, showing strong outcomes on the back of a string of acquisitions. Redcape Hotel Group Management Ltd – responsible entity for publicly listed Redcape Hotel Group (ASX:RDC) – announced results

REVISION ‘LOOMS’ ON VALUES AND RENTS: FERRIER-HODGSON

Posted on February 8th, 2019 by Clyde Mooney
Ferrier Hodgson has issued a warning that pub rents in some states are headed for a “revision” as changing environments and uncertain property prices continue. David Kidman, Ferrier Hodgson (F-H) director in South Australia, posted a review of the sector

MANTLE EYES IPO FOR EXPANSIVE GROUP

Posted on January 16th, 2019 by Clyde Mooney
Hot on the heels of Redcape’s long-awaited IPO, Queensland pub king Godfrey Mantle has divulged plans toward floating his Mantle Group portfolio mid-2019. Mantle owns a string of successful Queensland operations, including five Pig 'n' Whistle pubs, one of which

REDCAPE ASX-BOUND AFTER FUND RAISING

Posted on November 2nd, 2018 by Clyde Mooney
The long-awaited IPO of Redcape Hotel Group seems destined to hit the trading floor 30 November, after success securing pre-launch commitments “well in excess” of the minimum funding required. ASX-listed investment bank Moelis Australia announced a fundraising roadshow in October

COLES & AVC LODGE JV FOR SPIRIT FLEET

Posted on October 26th, 2018 by Clyde Mooney
The long-awaited joint venture between Coles’ Spirit Hotels and KKR’s Australian Venue Company is one step closer, with lodgement of the paperwork this week to Queensland’s Office of Liquor & Gaming Regulation. Rumours have circled for much of this year