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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A Banner Year for APN Outdoor and Much More to Come If Allowed to Merge
We maintain our AUD 5.80 fair value estimate for no-moat APN Outdoor, following a relatively uneventful 2016 full year result. While the 18%...
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No-Moat APN Outdoor Enjoying the Great Outdoors; Initiating with AUD 5.80 Fair Value Estimate
We are initiating on APN Outdoor with a no-moat rating and a AUD 5.80 per share fair value estimate.APN Outdoor is well-positioned to benefit from...
166 Views
Smartkarma - Special Situations Weekly Update (9 Jan 2017)
We at Smartkarma Special Situations put out a weekly update on trade ideas we like, key events from the week gone by and what to look out for in...
212 Views
Smartkarma - Special Situations Weekly Update (26 Dec 2016)
We at Smartkarma Special Situations put out a weekly update on trade ideas we like, key events from the week gone by and what to look out for in...
284 Views