Ardent Leisure (AAD) rose following solid 5% profit growth for the FY15 year. Ongoing progress from the US-based Main Event big box entertainment roll-out saw profits rise 85% for this division. Perhaps more pleasing was the improved results from the Australian gyms (or healthcare division) in the second half of the year (poor results from this division in February this year had been our catalyst to enter the stock, following the share price fall). Although profits for the full year ended up down 17%, management has been able to improve key operating trends for net membership growth and profit trends for those gyms that have been rapidly converted to the 24/7 model. (VIEW LINK)