AHG & AP Eagers - Smart Carma
On the 5 April, Ap Eagers Ltd (APE AU)announced an unsolicited conditional all-scrip Offer for 28.84% held Automotive Holdings (AHG AU). The 1 APE...
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APE-AHG Merger: Value Accretive but AHG Shareholders Need Improved Terms
On 5 April, Ap Eagers Ltd (APE AU) announced that it had lobbed an unsolicited all-scrip takeover for Automotive Holdings (AHG AU)/AHG. Under the...
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Putting Aussie Earnings Conviction to the Test
Reporting Season Performance. Our recently published Earnings Season Wrap highlighted concerns about the number of downgrades to FY19 earnings...
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Automotive Holdings Offloads Struggling Refrigerated Logistics at an Attractive Price
Our AUD 4.00 per share fair value estimate for narrow-moat Automotive Holdings is unchanged, following the decision to sell the underperforming...
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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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