Australian (ASX) Stock Market Forum

EDV - Endeavour Group

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eskys said:
Hi divs, how do you read into this announcement? Pros and cons, divs?
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now my first thought is WOW needs some cash ( or crystallized profit ) quickly

now some here would realize my view of WOW has soured over the last 11 years ( and i worked for them circa 1972 so i already understood the culture ) and have sold down 90% of the inherited holding ( in contrast i have added to the SCP/RGN holding i acquired via that spin-off )

now regarding the WOW sell-down , i would have been much more concerned if Bruce Lawrence Mathieson had sold down, he has a lot experience in this area ( and how to handle WOW management )

i also note
Mr Bruce Joseph Mathieson117,94652,520

is on the board so am thinking there is a succession plan in place and if young Bruce is a chip off Bruce Snr. that could be a good thing

now i will be WATCHING , but i see a reduced WOW influence as a better thing , ALTHOUGH i would be happy to see RGN ( SCP ) increase the influence in EDV ( despite the legacy WOW influence on the board of RGN )
 
eskys said:
Quote WOW...

The proceeds will be used for strategic investments and general corporate
purposes.”

I read it that they don't see Endeavour as a problem, but needs the extra cash to use on something else......from time to time, they sell their real estate ( WOW stores) to restructure too

Edit: some years ago, they sold Caltex petrol station to EG group as part of restructuring
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but WOW has a history of stumbles and THAT might still ripple into EDV ( either negotiating lower prices or selling more EDV shares ) i will be watching future EDV acquisitions and partnerships , that looks to be the better growth potential to me
 
divs4ever said:
( the block trade at a discount to the previous share price hints at some urgency )
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Piffle. Block trades are almost always at a discount.

deal was at $6.46 a share or a tight 3.6 per cent discount to the close, a 4.5 per cent discount to one-day VWAP and a 6.3 per cent discount to the five-day average price
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Dona Ferentes said:
Piffle. Block trades are almost always at a discount.
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well the market seems to have taken the lead to reduce EDV ( assuming of course the block trade buyer wasn't part of the early selling , either as a seller of share lender )

i am thinking sub $6 EDV is a good time to start researching EDV for a cash investment target price
 
No talk on this thread about the NSW govt going to war with pubs and clubs over introduction of a cashless gambling card.

This is very relevant to EDV and driving negative sentiment at the moment.

I suspect WOW would have considered this in deciding on the sell down. It might look like a smart move in a year's time.
 
Ferret said:
No talk on this thread about the NSW govt going to war with pubs and clubs over introduction of a cashless gambling card.

This is very relevant to EDV and driving negative sentiment at the moment.

I suspect WOW would have considered this in deciding on the sell down. It might look like a smart move in a year's time.
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yes after WOW rejected an activist move to put a limit on pokie spending another WOW decision has come back to bite

( i remember voting for that measure .. and against the remuneration that year , and started looking to reducing the WOW holding the next year after it was clear WOW were eager to continue tripping over their egos )

the NEW Government has obviously lost the plot and hasn't assessed the loss of gambling and money-laundering revenue to state coffers

i hope NSW will also enjoy that extra funding needed for NSW sporting clubs ( and RSLs ) ( or face the voter backlash )

however this does have a silver-lining

extra inspiration to find a new (re)entry point into MTS
 
There are always hiccups with business, and Endeavour's business is largely in liquor, over half of it's business is in this area. Dan Murphys, BWS, as I understand it, is huge in Australia. Much bigger than Coles. (anyway, I'm happy it closed higher than my purchase price) Good luck to all holders.

It also has ALH hotels, Cellarmasters, Langtonss, Jimmy Brings, (I can't remember the rest)

Top shareholders:


Top Shareholders​



NameSharesCapital
ORDS BMG Nominee Pty Limited269,998,49215.08%
Woolworths Group Limited261,486,30914.60%
HSBC Custody Nominees (Australia) Limited256,513,73414.32%
J P Morgan Nominees Australia Pty Limited253,275,99214.14%
Citicorp Nominees Pty Limited118,125,9576.60%
 
the big holder ( according to Commsec ) is Mr. Mathieson Snr.

i quite like some directors with substantial skin in the game

according to official blurb EDV has some controlling interests in wineries ( maybe some small brewers as well )

that wasn't always a good thing for the beverage maker when WOW still had the drinks arm , maybe EDV will do some things differently time will tell but am less pessimistic here than WOW
 
I've only just realised that I left out the word "liquor'in my previous post. Did not mean to say it's bigger than Coles. Meant to say it's bigger than Coles liquor.

I prefer WOW if I have to pick, divs. (I don't hold WOW anymore) Sold COL today at open and waited to buy EDV, hoping it'll work out tomorrow........my investing/trading is in the shortest and simplest form.........good luck, divs , good night, see you tomorrow.........
 
eskys said:
I've only just realised that I left out the word "liquor'in my previous post. Did not mean to say it's bigger than Coles. Meant to say it's bigger than Coles liquor.

I prefer WOW if I have to pick, divs. (I don't hold WOW anymore) Sold COL today at open and waited to buy EDV, hoping it'll work out tomorrow........my investing/trading is in the shortest and simplest form.........good luck, divs , good night, see you tomorrow.........
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i hold COL ( thank you for the freebies WES ) WOW at no cash risk EDV ( courtesy of the WOW demerger )

but RGN ( SCP ) and BWP are where my cash is risked

we have differing views on WOW and COL , time will tell who is correct

cheers , and pleasant dreams
 
EDV up 1% today on an up day for the ASX but the chart has recently made its lowest price since listing.
Still looks overvalued to me, have to agree with @divs4ever's sentiment that it's only worth looking at sub $6. Actuallly I'll only be interested at say $5 for a highly leveraged thing returning 14% ROE at PE=19 and a modest dividend. No support in the chart now unless it 'springs back' and no sign of weekly reversal yet.

Held

All Data DAILY
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i noticed that dip and the slow ann. to explain it

was hoping the contagion would ripple through to COL or HPI

sadly no joy

i hold EDV ( courtesy of the WOW demerger ) , COL ( courtesy of the WES demerger ) and HPI
 
divs4ever said:
i noticed that dip and the slow ann. to explain it

was hoping the contagion would ripple through to COL or HPI

sadly no joy

i hold EDV ( courtesy of the WOW demerger ) , COL ( courtesy of the WES demerger ) and HPI
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When I saw what occurred to the EDV share price today, @divs4ever , you came to mind as its the sort of stock you'd have had from a demerger.

Stay well, nobody ever went broke from owning a pub.

gg
 
JohnDe said:
That's got to hurt -

​
Victoria is planning to introduce mandatory closing hours and smaller spending limits among the crackdown in the state.​
​
Shares in Endeavour were down 12 per cent to $5.51, which is a record low and would be the worst close on record."​
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Victoria must be re jigging its tax base, I guess there is only so much you can hit the punter, before the punter can't afford food and starves.:rolleyes:
 
Garpal Gumnut said:
When I saw what occurred to the EDV share price today, @divs4ever , you came to mind as its the sort of stock you'd have had from a demerger.

Stay well, nobody ever went broke from owning a pub.

gg
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i hope you are right

the hotel (pub+ accommodation ) i is the only stand-alone business in this town/village

i would have bought some since the demerger but CEO Brad was the rising star of the drinks arm ( now EDV ) now Brad runs WOW .... is EDV still well run

i guess time will tell , WOW has a habit of turning other partners into ash ( like HIL after the hardware adventure )

i voted for the poker machine limits raised at the AGM several years back , which would have short-circuited these reforms ( which will creep like a malignant cancer )
 
JohnDe said:
That's got to hurt -

​
Victoria is planning to introduce mandatory closing hours and smaller spending limits among the crackdown in the state.​
​
Shares in Endeavour were down 12 per cent to $5.51, which is a record low and would be the worst close on record."​

View attachment 159653
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From memory, the gaming part makes a small percentage of ALH, John.

The drinks make for a largest cake if I am not mistaken. Having said that, I sold out today while ahead. Good luck to all holders.
 
“It’s incredibly challenging if you are a ‘mom-and-pop’ operator in the pub space. If you look at the US, 30 to 40 per cent of restaurants are corporate now. Out of 10,000 pubs in Australia the biggest corporate now only has about 3.5 per cent, but over the next decade and time to come we think it’ll head like the US”
- James Sinclair, CEO, Signature Hospitality Group
 

Endeavour Group Limited - Products & Brands​


Endeavour Group Limited operates as a retail drink and hospitality business. The company splits its operations into two segements being retail, which includes 1,675 stores under a variety of brands, and hotels, which includes 344 businesses providing food and drinks, accommodation, entertainment and gaming operations.
The company operates under the following brands:
  • BWS
  • Dan Murphy's
  • ALH Hotels
  • Jimmy Brings
  • Langton's
  • Paragon Wine Estates
  • Shorty's Liquor
  • Pinnacle Drinks

I bought back in again shortly after open....good luck to holders
 
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