Ardent Leisure: solid profit growth
Andrew Stanley
Ralton Asset Management Limited
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)
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Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major investment banks in Melbourne, Hong Kong, Tokyo and New York.
In Andrew’s last international role as Executive Director of UBS’s Financial Structuring Group in Hong Kong, he developed a range of complex structured finance solutions for clients across the bank's investment banking, fixed income and equities divisions to address issues faced by corporate clients.
Andrew started his career at Arthur Andersen where he qualified as a Chartered Accountant, before which he tutored macro-economics at Monash University while completing his law degree.
Andrew has a Master of Applied Finance, a Bachelor of Laws and a Bachelor of Economics.
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Andrew Stanley
Head of Australian Equities
Ralton Asset Management Limited
Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major...
Expertise
No areas of expertise
Andrew Stanley
Head of Australian Equities
Ralton Asset Management Limited
Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major...
Expertise
No areas of expertise
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