ASX-listed Endeavour Group has released its latest trading figures, reflecting a certain COVID bounce amid natural disaster challenges. The release covers group sales for the period from 3 January to 3 April, 2022. The Hotels division, aka ALH, exhibited trading improved as COVID-19 related restrictions eased, up 3.8 per cent on the same corresponding period […]
Australian Venue Co and listed partner HPI have announced an end of year portfolio shake-up, cashing in at Acadia Ridge and snapping up the entire ‘Booze Bros’ Saturno portfolio. Hotel Property Investments (ASX:HPI) has agreed to pay $66.1 million in conjunction with the Australian Venue Company (AVC) for Adrian and Leon Saturno’s collection of eight
Ending a turbulent, pandemic-tainted stint on the Australian Stock Exchange, listed pub group Redcape will soon return to private ownership following an overwhelming shareholder vote. Having taken several forms and been in the hands of multiple movers and shakers, Redcape Hotel Group ran an IPO and listed late 2018, to a lacklustre public response. The
Australia’s largest drinks and hospitality business, the recently listed Endeavour Group (ASX:EDV), has announced its first end of financial year results, finding a less than positive reaction. After splitting from parent company Woolworths (ASX:WOW) in June, Endeavour hit the open market boasting a portfolio of 1,643 retail stores and 339 hotels under Australian Leisure &
Redcape has announced its full-year financial results, along with proposal it delists its dissatisfying shares from the ASX. Today Redcape Hotel Group Management, as the responsible entity of the Redcape Hotel Group (ASX:RDC), announced financial results for year ending 30 June 2021. The news was highlighted by statutory net profit after tax (NPAT) up 153.6
The formidable partnership of Endeavour Group and Charter Hall have teamed up to buy Chris Feros’ trophy Terrey Hills Tavern for close to $40 million. Last month Endeavour Group (ASX:EDG) completed its exit from the Woolworths empire, and major shareholder Bruce Mathieson flagged the unshackled entity would be aggressively pursuing new pub acquisitions. Representing its
ALH AND CHARTER HALL CHARGE INTO FEROS’ TERREY HILLS TAVERN Read More »
Australia’s largest publican is set to go it alone, as shareholders approve the demerger of Endeavour and ALE quietly divests more of the coveted ALH freeholds. On Friday 360k Woolworths shareholders overwhelmingly approved the spin-off of Endeavour Group from the parent company, paving the way for it to begin trading on the ASX as a
The acquisitive Hotel Property Investments has secured six more freeholds leased to Australian Venue Co in continued positivity for the market. The ASX-listed Hotel Property Investments (ASX:HPI) revealed it paid $32.7 million for the six hotel properties, all located in Queensland. Australian Venue Co (AVC) will be granted a new 20-year lease at each, representing
Shares in the ASX-listed Redcape Hotel Group rallied following news of upgraded forecasts in its full-year earnings guidance and distribution payout. The high-profile Group spoke of improved trading as its shares rose over four per cent yesterday, as the overall share market retreated. Redcape (ASX:RDC) lifted its FY21 earnings forecast five per cent from guidance
REDCAPE LIFTS EARNINGS FORECAST FOLLOWING STRONG ‘LOCAL’ TRADE Read More »
AVC has announced it has postponed its IPO, as Sydney flares and the Woolworths-backed ALH takes another step on its run to the ASX. Australian Venue Co, majority owned by New York investment bankers KKR, formally announced a halt to its move toward listing yesterday, stopping the formal book-build process planned for this week. The
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