mid-cap

Rise in Greencross Limited and Ardent Leisure

Apr 27, 2016 | Team Kalkine

Read Time :5 MINS

Rise in Greencross Limited and Ardent Leisure

Greencross Limited
Industry: Healthcare

GXL Details

Ongoing network expansion: Greencross Limited (ASX: GXL) rallied over 1.909% on April 27, 2016 while we believe this positive momentum in the stock to continue in the coming months. The group is aggressively expanding its network and added over 11 stores and 17 clinics during the first half of 2016 while “In store” co-located clinics have been performing better than the group’s estimates. GXL has built solid 2.0 million active retail and vet customers base while delivered a 27% rise in cross shoppers in the last twelve months.
Recommendation: We put a “Hold” recommendation on this stock at the current price of $6.94

Expanding network (Source: Company Reports)

Ardent Leisure Group
Industry: Consumer Service

AAD Details

Offloading non- core assets: Ardent Leisure Group (ASX: AAD) surged over 3.3% on April 27, 2016 as the group released a detailed overview of its sale of d’Albora Marinas portfolio, which is the Australia’s largest marina group, having seven high profile marinas at New South Wales and Victoria. Overall, marinas could accommodate greater than 1,400 vessels. Accordingly, AAD intends to focus on its Main Event Family Entertainment Centers in the USA as well as target mass market via unique attractions at Dreamworld to leverage tourist demand from gold Coast, especially from Asia during 2018 Commonwealth Games. Management reported that they would continue to enhance its US assets as compared to its Australian businesses.
Recommendation: AAD stock has been consolidating in the last three months and slightly rose by 1.43% (as of April 26, 2016). We recommend a “BUY” on this dividend yield stock at the current price of $2.20

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Mid-Cap