Leisure & Tourism

Equity strategy; Coles extends lead on Woolworths; Overseas holidays; automotive dealers; pharma wholesalers; banking fee growth; Donaco update.

Demand for Oz housing; resilient infrastructure; transport toppy; insurance expensive; outbound travel; TV audience; mobile phone plans.

Brokers consider Mantra’s acquisition of Outrigger Hotels & Resorts assets provides strategic advantages coupled with support from improving travel demand.

Brokers suspect accommodation operator Mantra is being conservative in not upgrading full year forecasts after a strong first half.

Ardent Leisure has decided to change its strategy regarding 24/7 gyms after a large number of members left its health clubs citing the convenience offered elsewhere.

Corporate Travel Management has made two significant acquisitions and brokers believe the company can now call itself truly global.

Insurers and Brisbane’s storm; Indoor Skydive lists; Aust banks in NZ; little Christmas cheer from petrol; outlook for RBA’s cash rate; and the mid year Commonwealth budget statement.

Michael Gable of Fairmont Equities suggests Ardent’s share price is losing momentum and has further to fall.

Bell Potter takes the opportunity to initiate coverage as Ardent Leisure rolls out new sites within its Main Event brand.

Brokers found little to be negative about in accommodation operator Mantra Group’s maiden FY14 result and outlook.