Viva Leisure Ltd
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Weekly wrap: investors lose patience with Chinese stimulus
Australia’s share market fell to a one month low after investors ran out of patience with Chinese promises to stimulate their faltering economy. That led to weakness among the miners, with even a rise in the gold price resulting in steep falls in the price of gold miners. Nine of the 11 market sectors closed […]
Viva Leisure expands local network with strategic World Gym Australia investment
Fitness group Viva Leisure (ASX: VVA) has acquired a 25% stake in World Gym Australia and made a strategic investment in three of its Queensland franchises. The $16.7 million deal will see the company take over World Gym outlets in Stafford, Coomera and Underwood, giving it access to a big-box gym format and providing a […]
Viva Leisure diversifies with $2m investment for 34% stake in Boutique Fitness Studios
Australian health club group Viva Leisure (ASX: VVA) has announced plans to diversify its business with a $2 million strategic investment and equity interest in premium fitness and wellness company Boutique Fitness Studios. The “economically compelling” investment will be fully funded from Viva’s existing cash reserves and available bank facilities, with the company also offering […]
Strong investment portfolio underpins healthy profit for WAM Microcap
Listed investment company WAM Microcap (ASX: WMI) has posted a $27.3 million operating profit before tax for the first half of the 2020 financial year, citing strong investment portfolio performance and growth in assets over the period. The profit increase represents a 311.9% jump on the previous corresponding period, and accompanies an operating profit after […]