Redcape Hotel Group has issued its first earnings results for its 32 venues since listing on the Australian Stock Exchange on 30 November 2018. By signing up to receive our insights/ASX updates you may also receive occasional relevant communications and special notifications from Moelis Australia via email. The business platform we manage today has an attractive portfolio of quality businesses. I am a strong advocate of orderly succession planning. Our average cash balance in FY19 was $109.5 million. We are actively exploring opportunities to grow our credit origination platform. The fourth quarter of FY19 was particularly encouraging and this strength has carried over into FY20. Corporate Details. Despite this we are delighted with the positive influence of our newest team members. In 2019 we achieved a record Underlying financial result and today we manage $5 billion in assets for client. Additional Appendix 4E disclosure requirements can be found in the Annual Report of Moelis Australia Limited which contains the Directors' Report and the 31 December 2017 Consolidated Financial Statements and accompanying notes. ASX:RDC Income Statement, August 7th 2019. Our market leading position in the SIV programme and service to Chinese clients was recognised by winning the 2019 AUSTCHAM Westpac Business Excellence Award for Professional and Business Services. Comprising Hotel Property Investments Trust (ARSN 166 484 377) and Hotel Property Investments Limited (ABN 25 010 330 515) and their controlled entities . These systems are mobile and are designed to deliver point-of-care health services, without needing additional space or power. Mr Biggins has been on the Board since IPO. This investment delivers strong alignment with Redcape’s security holders. Hotel Property Investments Report for the Year Ended 30 June 2018 Page | 2 . Redcape did not detail which venues it believed were underperforming. Since listing, the proportion of Moelis Australia’s business relating to asset management has grown materially (AUM of $1.2 billion at IPO has grown to approximately $5 billion today). Our balance sheet is strong, and we continue to identify and review exciting growth opportunities. For the effect of fees on your cumulative returns, please see our report How Fees Can Destroy Your Wealth. Capital capacity added to our growing footprint of experienced executives, diverse business activities and capital raising capability should assist us in identifying new business opportunities. We believe we achieved an appropriate balance of delivering attractive short-term results while investing for future growth. Many of our early SIV investors have now reached their prescribed investment horizons and are eligible for residency. In total, we hired 24 team members across the Group in FY19, Declaration of a fully franked Dividend of 10.0 cents per share, an increase of 25% on FY18. It is important for me to emphasise that Andrew will continue an active involvement in the business as an Executive Director, major shareholder and Group Vice Chairman. 1. There is some analyst coverage of the stock, but it … Corporate Spotlight; … Redcape Hotel Group Half-Year 2020 Results 2020 - Redcape Hotel Group Management The nature of our business means that it is complex to forecast expected revenue performance with precision so early in our financial year. This accounting treatment does not relate to the valuation of the Fund or our co-investment, The $2.2 million gain on the sale of our 50% interest in a boutique asset management business. 09 October 2019. Moelis Australia has approximately $57 million of core borrowings. “. Redcape Hotel reported net loss of $4.93m for the year ended 30 June 2019. Details of the qualifications, experience and expertise of each Director is set out in Redcape’s latest Annual Report dated August 2019 and s available on Redcape’s website at www.redcape.com.au. The report summarised the period as a “strong first quarter performance followed by some variable trade at certain venues late in 1H19 extending into the current period”. Insider Ownership Of Redcape Hotel Group. However, we remain disappointed with the performance of our strategic investment in Japara Healthcare Limited (ASX:JHC) and our funds invested in the childcare space. This fee was included in the FY18 Statutory result but not recorded as Underlying Revenue until FY19. Truly the one-stop destination, Harvey Norman offers a range of solutions for every room - superb quality and style in the living room, comfort and support you need in the bedroom, the latest innovative technology for entertainment and food preparation, and everything you need to set up the perfect home office. The report also highlights growth capital expenditure of $4.9m due to the “major” renovations at the Leumeah Hotel and a $4.2m “material refurbishment” at the Eastwood Hotel. Where possible we look to control the origination and underwriting standards of the credit assets we manage. This includes seeking opportunities to increase our activities in originating and managing residential mortgages. 28 May 2018 - Investor Day Presentation. However, we have been successful in retaining the investment funds of many SIV clients within our portfolio of available funds. In order to better reflect our evolving focus and business activities, Moelis Australia will progressively change the branding of its Asset Management division to MA Asset Management. Mr Andrew Pridham said “Our business is in great shape. View More. The results of the AGM were published on the ASX are available here Opens in new window. Demand from potential SIV investors remains strong and this is reflected in our pipeline of future investors. The transaction pipeline remains strong with momentum continuing from a strong second half in FY19. The impact of the share buy-back increases future earnings per share (“EPS”) by approximately 5%, all else being equal. The household name you know and trust. We continue to believe that the combination of our Corporate Advisory & Equities business with that of our Asset Management platform enables us to hire, develop and retain high quality people who deliver great results for our clients and investors. Redcape Hotel Group Management Ltd (ACN 610 990 004) (AFSL 505932) is the responsible entity of Redcape Hotel Trust I (ARSN 629 354 614) and Redcape Hotel Trust II (ARSN 629 354 696) (together “Redcape” or “Redcape Hotel Group”). 10 October 2018. He will now move to the position of Group Vice Chairman effective 2nd March 2020. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Overview; Created with Sketch. Moelis Australia will recognise a performance fee of $2.4 million in 1Q20 because of this transaction. Level 1, Minskys Hotel, 287 Military Rd Cremorne | NSW | 2090 PO Box 156 Cremorne Junction NSW 2090 These hires reflect an important long-term investment in growing our capability in Corporate Advisory & Equitiess. Both the aged care and childcare sectors continue to experience difficult market dynamics. Trading and Earnings Update Teleconference Call. View our privacy policy. The current market is presenting us with many opportunities. Moelis Australia has a co-investment in Redcape Hotel Group of approximately $60 million. New senior executive leadership will bring renewed energy combined with a consistency of approach. Redcape Hotel Group is not owned by hedge funds. We are pleased with the continued growth of our Asset Management business and overall our funds’ investment performance has been pleasing. Tailwinds exist owing to the low interest rate environment coupled with contractionary lending dynamics within the Australian banking system. 18 August 2021: Add to Calendar : Dates are subject to change should circumstances require. Total profit decreased by 16.85% due to lower year on … The Commonwealth Government is undertaking a review of the Terms of the business and investment visa programme which poses the question “can Australia get a better deal?”. Equities commissions were slightly lower (-$300k) in FY19 than FY18 but the division made a significant contribution in the facilitation of Equity Capital Market (“ECM”) transactions throughout the year. This positive earnings momentum, together with a promising transaction pipeline, gives us confidence for the first half of FY20. KMP includes the non-executive directors, the Managing Director & Chief Executive Officer (“CEO”) and the Chief Financial Officer & Company Secretary (“CFO”). 2020 Annual General Meeting. Over this time frame, we have continued to focus on refining proprietary systems and overall product development. The definition of an insider can differ slightly between different countries, but members of the … As at 31 December 2018, including Redcape Hotel Group head-office management. $20m in July 2018 for the Sun Hotel in Townsville; $40m in August 2018 for the Vauxhall Inn, Granville; $48m in August 2018 for the Australian Hotel and Brewery; and. Add to my watchlist. Head Office: Cremorne: Managing Director:-GICS Sub-Industry: Casinos & Gaming: Date Listed: 30 Nov 2018: Registry: … Results for announcement to the market Consolidated 2020 Consolidated 2019 … The AGM presentation is available on our Presentations page, please click here Opens in new window to view.. 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