Ardent Leisure logo

ALG - Ardent Leisure News Story

A$1.11 -0.1  -6.4%

Last Trade - 5:10am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £578.1m
Enterprise Value £831.9m
Revenue £266.1m
Position in Universe 243rd / 1834

BUZZ-Large share trade lifts Australia's Ardent Leisure to 2-month high

Tue 22nd October, 2019 5:46am
(Adds UBS comment, updates numbers)
    ** Shares of Ardent Leisure Group  ALG.AX  soar to a
two-month high after a major block trade worth about A$23 mln 
($15.81 million) 
    ** Shares touch A$1.225, climbing as much as 21.9% - their
biggest intraday gain ever
    ** UBS confirmed that it made a trade on Ardent worth
involving 19 mln ALG shares 
    * Nearly 4% of the theme-park operator was snapped up at a
premium, the Australian Financial Report reported https://www.afr.com/street-talk/ardent-flies-as-buyer-snaps-up-stake-at-20pc-premium-20191022-p532yg
    ** Nikko Asset Management Australia is Ardent's largest
shareholder with a 13.6% stake - Refinitiv Eikon data 
    ** At least ~23.6 mln shares change hands vs. 30-day avg of
1.8 mln shares 
    ** Ardent was not immediately reachable for comment


($1 = 1.4550 Australian dollars)

 (Reporting by Nikhil Kurian Nainan in Bengaluru)
 ((NikhilKurian.Nainan@thomsonreuters.com; Twitter:
@NikhilKurianN))
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