AUSTRALIA: Analysts approve LN Banksia acquisition
Analysts have given a thumbs up to brewer Lion Nathan's acquisition of the small South Australian Banksia winery.
Although Banksia was a small, regional operation with likely neutral impact on the brewer's earning per share in the short term, analysts have approved projections expecting Banksia to grow at a compound rate of 20% a year for the next four years.
With the earlier uproar surrounding its attempts to buy the New Zealand winery Montana the Banksia acquisition was seen as a positive outcome, highlighting the company's determination to pursue premium, branded niche producers such as Banksia's Tatachilla and St Hallett portfolios.
It was also seen as important given the maturity of the Australian New Zealand beer market.
Companies: Lion Nathan
After some less than successful diversification in recent years, Lion Nathan is focusing its attentions back on beer and winning the approval of analysts in the process. The company looks set to gain ...
Integrating spirits, wine and beer has proved problematic for major drinks groups over the years but expansionary moves by the two major Australian brewers, Foster's Group and Lion Nathan, suggest tha...
Lion Nathan has appointed a new non-executive director....
Coopers Brewery is fighting the takeover attempt from fellow Australian brewer Lion Nathan....
Lion Nathan today announced that it intends to make an off-market offer for Coopers Brewery Ltd (Coopers). The offer of A$260 per share in cash values Coopers at A$352m....
Lion Nathan has received further assurances that it is not about to be taken over....
Lion Nathan has played down speculation that it may be the subject of a takeover....
Lion Nathan has said it is on target to reach its full-year net profit after tax forecast for 2005 of between A$230m and A$235m before one-off charges....
- Comment - How to Target Cognac's Mok Generation?
- Is Marketing Twisting the Meanings of Words?
- Sustainability - Walking the Walk on Water
- Analysis - Keurig Kold fails to impress
- The Beer Engine that is Africa
- Whyte & Mackay takes on Flor de Caña in UK
- SPI Group US, Canada sales chief departs
- Castel acquires stake in Belvedere
- Belvedere proposes name change
- Brown-Forman eyes family ties with board additions
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Africa: The Final Frontier for Beer
- Beam Suntory Inc. - Strategy and SWOT Report