Mantra, Australia’s 2nd largest operator of hotels and resorts, has delivered a first-half profit that was 15% higher than last year. Available rooms grew 11%, occupancy rates expanded 230 basis points to 82.3%, and the average room tariff rose 3%. Show More
Australian inbound tourism data for July 2016 has just been released, and shows some positive trends, including: Total inbound for July 2016 at 716k (+14.1% pcp); 12 Months to July 2016 at 7.94m (+10.6% pcp v 10.0% at end June 2016); Leisure 12 months to July 2016 at 6.0m (+14.8%... Show More
Go back a few years and PE was a dirty word in listed equity markets after a number of disastrous floats. Today we are awash with PE floats and fundies are falling over themselves to buy the latest hot issue. Do we have short memories or has something changed? Firstly,... Show More
With plenty of IPO's in the pipeline and hitting the market we ask Don Williams, CIO at Platypus AM, what has caught his eye? We have recently invested in Mantra Group, a property management rights business. We like the leverage to the under-supplied accommodation markets in Australia. Tourism Australia anticipates... Show More
OC Premium Small Companies Fund added Select Harvests (SHV) and Ingenia (INA) to the portfolio in the March quarter. Select is an almond producer which grows, processes and packages almonds from its orchards. Ingenia Communities Group is a company that owns, manages and develops a diversified portfolio of seniors living... Show More
There are some possibly worrying signs for the IPO markets as the pin gets pulled on the Mantra float. Joint lead managers Macquarie and UBS pulled the pin on the float at the last minute due to lackluster demand from institutional investors. Mantra was looking to raise $400million in the... Show More