ASX

AVC ROLLING OUT THE ASX ROADSHOW

Posted on April 28th, 2021 by Clyde Mooney
After years of rumours and a pandemic delay, Australian Venue Co has finally kicked off its run at the ASX. Australian Venue Co (AVC) has 175 venues across Australia and New Zealand, having aggressively accumulated leasehold sites since 2014. Majority-owned

STRONG HALF-YEAR RESULTS FOR REDCAPE

Posted on February 17th, 2021 by Clyde Mooney
Listed pub entity Redcape Hotel Group (ASX:RDC) has announced strong financial results for the half-year ended 31 December 2020, and a return to “full growth strategy” backed by a strong balance sheet.  Highlights for 1H21 included an increase in statutory

ALE RECORDS VALUE GROWTH AND TIGHTER YIELDS

Posted on November 18th, 2020 by Clyde Mooney
Following completion of independent valuation and a rent-determination process, ASX-listed ALE Property Group has recorded a $51.6 million gain in the value of its 86-venue portfolio and further support to its case for rental increases. As of 31 October the

DAM PUB FUND’S EXPANDING PLANS

Posted on November 2nd, 2020 by Clyde Mooney
The reopening of the famous Lion Hotel this week heralds the launch of a new multi-million-dollar pub investment fund with high ambitions to be one of the biggest in the country. Duxton Asset Management (DAM) is founded by Ed Peter,

ALH FLAGS PUBS WON’T REOPEN AS ALE CALLS OUT MANAGEMENT

Posted on October 26th, 2020 by Clyde Mooney
Woolworths-backed ALH has flagged not reopening Melbourne pubs under restricted capacity, as landlord ALE drags the group back to court questioning the quality of management at venues. From 2 November licensed venues in Melbourne including pubs will be allowed to

CHARTER HALL INVEST IN ALH’S PARAP

Posted on September 25th, 2020 by Clyde Mooney
Charter Hall’s Long WALE has secured the deeds to ALH’s popular Parap Tavern in Darwin, in a $19.7 million deal and continued show of confidence in the sector. Established in 1937, the Tavern is a community favourite, known for its

REBOUND REFLECTED IN REDCAPE Q1

Posted on September 23rd, 2020 by Clyde Mooney
ASX-listed Redcape has put forth a very positive result for the first quarter of FY21, citing quick adaptation to the changing landscape and stamping an upcoming distribution for security-holders. Redcape Hotel Group (ASX:RDC) announced its FY20 financial results on 19

ALE SLUMPS ON NEWS BACKING NO RENT INCREASES

Posted on September 21st, 2020 by Clyde Mooney
In a significant development for the increasing discussion around rent for tenants in the aftermath of COVID-19, the ASX-listed ALE Property Group announced it has taken a backward step in its quest for rental increases at many of its ALH-occupied

MATHIESON PREDICTS LONG RECOVERY AS ALH STRUGGLES

Posted on September 7th, 2020 by Clyde Mooney
Pub chieftain Bruce Mathieson predicts a long and bumpy recovery from COVID-19, as Australia’s biggest publican is further hammered by restrictions and shutdowns. In a recent interview with The Australian, Mathieson spoke of grave fears for the economic damage being

WOW PROFIT SLUMP BLAMED ON PUBS

Posted on August 28th, 2020 by Clyde Mooney
ASX-listed supermarket giant Woolworths has reported a major profit reduction in its full year results for FY20, largely under the weight of the ALH portfolio being closed for months. Woolworths Group (ASX:WOW) chief executive Brad Banducci offered that earnings had