Tatts Renews the Victorian Government Lotteries Contract
Our AUD 4.20 per share fair value estimate for narrow moat rated Tatts is unchanged following the successful bid to renew the Victorian Public...
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Weekly Highlights: Month End, Bank Reporting, Corporate News
As we move into the new month, demand for corporate bonds remains strong. The balance has been skewed for most of 2017, with bonds being easy to...
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Cash Is King as Pacific Consortium Emerges With an Attractive Revised Proposal to Acquire Tatts
As anticipated in our prior research reports, Pacific Consortium has emerged with a revised indicative and conditional proposal to acquire Tatts....
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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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Valuations Stretched on ASX-Listed Corporate Hybrids
In November 2016 we stated a large proportion of redemptions would be reinvested in existing corporate issues to achieve some degree of sectoral...
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