Ardent Leisure Group (ASX: AAD)

New challenges building up: Troubled leisure company, Ardent Leisure, came out with a shocking news of the sudden departure of Chief Executive and Managing Director, Simon Kelly on November 08, 2017. It has been speculated that varied style of working and hands-on approach towards the business among the board members led to this decision. Particularly, the group had lately appointed veteran corporate raider Gary Weiss as the new chairman, and there seem to be some differences cropping up between Kelly and him in terms of handling business. AAD has also announced that finance chief Geoff Richardson will act as interim CEO. On the other hand, Kelly commented on Ardent’s potential to be a positive one.

AAD has otherwise highlighted that the worries of FY17 were seen to be taking a rest while the group started trading in line with expectations for its core EBITDA for FY18. While challenges prevail at Dreamworld in terms of significant improvement in performance and newly-opened centres under US Main Event are yet to show up good results, bowling and entertainment business is said to be tracking 20% higher on prior corresponding period. AAD stock plunged 2.13% on November 08, 2017.
 

James Hardie Industries Plc (ASX: JHX)

Diversifying geographic, product and end-market portfolio: Building materials supplier, James Hardie Industries has announced about buying the German holding company of fibre gypsum board maker Fermacell GmbH from Xella International in a transaction that is valued at 473 million euros ($716.8 million) in cash. James Hardie intends to fund the deal with debt financing. Although subject to customary closing conditions, the deal is expected to be accretive in the second full fiscal year after the close which is scheduled for fourth quarter of FY18.

James Hardie stock edged lower by 1.5% after an initial storming up of about 3% on November 08, 2017. The group will announce its results for Q2FY18 and the six months ended 30 September 2017 on November 09, 2017. Investors wait to see the results after the challenging FY17 performance wherein capacity constraints and pressure at North American fibre cement business impacted growth.

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