Endeavour has been rewarded, not punished, by investors since it was spun out of Woolworths, leaving investors and analysts perplexed.
When Woolworths decided to spin off its bottle shop and pubs businesses, it was meant to signify a big moment for environmental, social and governance investing.
Woolworths sales should be regarded as more durable to a changing economic environment, while the big grocer also has higher returns on invested capital and a negative working capital advantage . “This is why spin-offs outperform and are often underestimated,” said one institutional investor that bought the stock at IPO.
The army of one-arm bandits now has a chance to flourish under new ownership that isn’t shy about investing in gaming.Another point of controversy at the investor day, held on the outskirts of Melbourne, was the extent to which gaming drives earnings in its hotels division.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why inflation forecasters and bond markets are splitInflation is tough to forecast; as the huge gap between forecasters’ short-term expectations and the bond market’s long-term expectations shows.
Read more »
‘After years of failed relationships, I stopped making the same mistake’For Sandra Thom-Jones and many other autistic women, a romantic endeavour can be the ultimate masking experience. | By Sandra Thom-Jones SundayLife
Read more »
‘After years of failed relationships, I stopped making the same mistake’For Sandra Thom-Jones and many other autistic women, a romantic endeavour can be the ultimate masking experience.
Read more »
The question we need to stop asking abuse survivorsWomen who have been abused are often asked, “Why didn’t you leave?” There are complex reasons why many feel they don’t have that choice.
Read more »
Bosses 'need to leave' after 'treatment' of coachEssendon chiefs have been told 'to leave' by a coaching great after throwing Ben Rutten 'under the bus'. A number of strong voices around the sports world are taking aim at the embattled club.
Read more »
Dilmah banks on Gen Z to reinvigorate tea categoryShipping container costs, which are still five times higher than pre-pandemic, and a “discount culture” in tea are annoying the boss.
Read more »