Canadream logo

CDN - Canadream News Story

C$1.85 0.0  0.5%

Last Trade - 17/07/17

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £28.5m
Position in Universe th / 2682

BRIEF-Apollo Tourism & Leisure to acquire Kratzmann Caravans and Clint's Caravan warehouse

Mon 8th May, 2017 11:34pm
May 9 (Reuters) - Apollo Tourism & Leisure Ltd  ATL.AX : 
    * Binding agreement to acquire all assets of Kratzmann 
Caravans and Clint's Caravan warehouse for approximately A$15.6 
million 
    * Kratzmanns acquisition is earnings accretive on a FY17 12 
month pro forma basis and is expected to be earnings accretive 
into FY18 
    * Canadream acquisition is earnings accretive on FY17 12 
month pro forma basis & expects to be earnings accretive on 12 
mnth basis into FY18 
    * Conducting a fully underwritten non-renounceable 
entitlement offer to raise approximately A$40.3 million 
    * Says it is on track to exceed prospectus FY17 pro forma 
forecast NPAT by 5% - 10% 
 
Source text for Eikon:  ID:nASX1C7Byc  
Further company coverage:  ATL.AX  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.