Not Much Fun In Leisure; Ardent Leisure Undervalued While Event Hospitality Worth Monitoring
Leisure companies under our coverage endured a torrid reporting season, with average fiscal 2017 first-half EBITDA fall of 15% from a year ago. The...
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Australia's land obsession - Reiterate postive view on discretionary retailers
Australians' long held fascination with land is part of the national psyche. In a speech delivered overnight, RBA Deputy Governor Philip Lowe...
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A less cautious consumer: Good news for discretionary retailers (finally!)
In a blog post last year, I wrote of the lost decade for discretionary retailers; expected profitability was little changed from ten years...
520 Views
Virgin Australia IPO - Not Terribly Exciting, After Significant Items Adjustment
Bain Capital is looking to raise around US$440m via selling some of its stake in Virgin Australia Holdings (VAH AU). In this note, we look at the...
710 Views
DigiCo Infrastructure REIT IPO Trading - Now for the Real Test, Ex-Adjustments
DigiCo REIT (DIGICO AU) raised around US$1.3bn in its Australian IPO. We have looked at the company's past performance earlier, in this note we...
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