Category Archives: Australian Retail Stocks

One small-cap stock to buy – Greencross Limited

Acquisition of four veterinary clinics in New Zealand: Animates has completed the acquisition of four veterinary clinics in Auckland. These clinics are located inside the Animates retail stores at Botany, Glenfield, Henderson and Takanini. Animates paid total cash consideration of NZ$4.1 million for the Auckland clinics. The clinics are expected to contribute annualized revenue of over NZ$3.3 million and annualized

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Share of Retail Food Group Limited Revised FY17 guidance downwards

Revised FY17 guidance downwards: Share of Retail Food Group Limited (ASX: RFG) tumbled 10.4% on 21 June 2017, after announcing the revised outlook for FY17. The company expects 15% yoy underlying net profit after tax (NPAT) for FY17 against the previous guidance of 20% yoy growth and expected to deliver an 8% increase in earnings per share.  The company has

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Two stocks that fell down – Retail Food Group Limited and QBE Insurance Group Ltd

Revised FY17 guidance downwards: Share of Retail Food Group Limited (ASX: RFG) tumbled 10.4% on 21 June 2017, after announcing the revised outlook for FY17. The company expects 15% yoy underlying net profit after tax (NPAT) for FY17 against the previous guidance of 20% yoy growth and expected to deliver an 8% increase in earnings per share.  The company has

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On 8th June-2017, Bega Cheese Ltd has announced an opening price of $5.50 per kg milk

On 8th June-2017, Bega Cheese Ltd has announced an opening price of $5.50 per kg milk solids for its Victorian milk supply. The price is a 10% increase on last year’s opening price and reflects global market improvements in the dairy sector. Company believes as it was important to deliver a positive price signal to farmers a very tumultuous period

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Tabcorp’s $11 billion merger with Tatts Group

Australian Competition Tribunal approved the proposed merger of Tabcorp and Tatts and expects to publish reasons for its determination on Thursday 22 June 2017. However, the approval comes with one condition such as Tabcorp must sell the its Odyssey Gaming Services business. The company expects earnings to be realized in first full year following completion of integration of businesses, while

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Ardent looking for new directors

Recently, Ardent Leisure Group (ASX: AAD) announced the appointment of Simon Kelly as Group Chief Executive Officer and Managing Director, effective from 1 July 2017. The current CEO, Ms. Thomas will step down from the Board and her position as Chief Executive Officer and Managing Director and cease employment with effect from 1 July 2017. In accordance with her existing

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