“I’m not surprised that millionaires are sitting at the register thinking they can do something about it.
“Someone with the right distribution, the right channels around the world, the right branded restaurants selling those products — very big brands to drive this business and realize the value of this business. We really need people with power.”
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With more than 200 companies in 13 countries, Tavistock’s portfolio includes 16 restaurants and 8 hotels.
“The Tavistock Group’s portfolio is diverse and large,” the company’s website states. “We regularly make long-term investments and play an active operational role.”
Airlie Funds Management star stock picker John Sevior noted that a common theme in Forrest’s investments is Australian agriculture.
“He’s not the shy, withdrawn type. It’s his nature to want to play,” he said. The next question is: Is there a bigger strategy? How far will he go with it? Do you have a big integrated play? “
“The only thesis I would suggest is that it feels like an asset diversification play across a broad range of industries where Australia has historically had a complete edge.”
With a slightly higher investment, Forrest approaches the 20% threshold, at which point he should place a buyout bid.
“As a proud Australian company, our investment in Tatterang is part of our ongoing commitment to investing in Australian businesses and brands that support local jobs,” said John Hartman, CEO of Tatterang, in a statement. is.
Recently, there have been some changes to the Tatarang top. Hartman will succeed former NAB executive Andrew Haggar as chief executive of the $30 billion private investment vehicle after Haggar abruptly resigned last month. Meanwhile, former Reserve Bank deputy governor Guy Debelle, who joined Fortescue Future Industries in June, told a board meeting on Wednesday that he would no longer serve as chief financial officer, citing health problems from a serious bicycle accident. announced that he would resign from
AACo reported operating profit increased 27.7% to $38.3 million in the six months ended September 30.
However, the company has not paid a dividend to shareholders for 14 years.
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