Discretionary

Discretionary

AUD

www.fleetwoodcorporation.com.au

asx-fwd

FWD

Buy

AU$263.79M

263788738

Fleetwood Ltd. engages in the manufacturing and selling of caravans, spare parts, and accessories. It manufactures marine equipment, campers and fiber glass canopy. The company also provides a park home, transportable home and portable accommodation. It operates through the following segments: RV Solutions, Building Solutions, and Community Solutions. The RV Solutions segment is engaged in manufacturing, installation, and distribution of recreational vehicle parts and accessories. The Building Solutions segment designs, creates, and sales manufactured accommodation. The Community Solutions segment handles the operation of communities. The company was founded in 1964 and is headquartered in East Perth, Australia.

Discretionary

AUD

asx-pwr

PWR

Hold/Neutral

AU$250.63M

250632571

Peter Warren Automotive Holdings Ltd. is a holding company, which engages through its subsidiaries in motor vehicle dealership services. It operates through the Vehicle Retailing and Property segments. The Vehicle Retailing segment offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle maintenance, and repair services, vehicle parts, extended service contracts, vehicle protection products, and other aftermarket products. The Property segment holds commercial properties principally for use as premises for its motor dealership operations. The company was founded by Peter Warren in 1958 and is headquartered in Sydney, Australia.

Discretionary

AUD

www.rejectshop.com.au

asx-trs

TRS

Hold/Neutral

AU$246.99M

246988718

The Reject Shop Ltd. engages in retailing discount variety merchandise. It offers general consumer merchandise such as toiletries, cosmetics, homeware, personal care products, hardware, basic furniture, household cleaning products, kitchenware, confectionery, snack food, lifestyle and seasonal merchandise, such as seasonal gifts, cards and wrapping, toys, leisure items and home decorations. The company was founded by Ron Hall and John Shuster in 1981 and is headquartered in Kensington, Australia.

Discretionary

AUD

www.babybunting.com.au

asx-bbn

BBN

Outperform

AU$245.55M

245554332

Baby Bunting Group Ltd. operates as a retailer of maternity and baby goods. It primarily engages in catering to parents with children from newborn up to three years of age and parents-to-be. The firm’s product categories include prams, cots and nursery furniture, car safety, toys, babywear, feeding, nappies, manchester, and associated accessories. It operates through the Australia and New Zealand geographical segments. The company was founded by Arnold Nadelaman and Gail Nadelman in 1979 and is headquartered in Dandenong South, Australia.

Discretionary

AUD

www.helloworld.com.au

asx-hlo

HLO

Buy

AU$233.56M

233556960

Helloworld Travel Ltd. engages in the selling of international and domestic travel products and services. It operates through the following geographical segments: Australia, New Zealand, Rest of World (ROW); and Transport, Logistics, and Warehousing. The Australia and New Zealand segments focuses on retail distribution operations, air ticketing, wholesale and inbound, and travel management businesses. The ROW segment includes wholesale businesses of Insider Journeys, Tourist Transport Fiji and Qantas Vacations in North America, in addition to the inbound business in Fiji. The Transport, Logistics, and Warehousing segment refers to entertainment industry transport and logistics, and warehousing. The company was founded in 2000 and is headquartered in South Melbourne, Australia.

Discretionary

AUD

www.sevenwestmedia.com.au

asx-swm

SWM

Hold/Neutral

AU$230.87M

230871085

Seven West Media Ltd. is a multi platform media company, which engages in the business of free to air television broadcasting, digital streaming, and newspaper publishing. It operates through four segments: Television, The West, Other Business and New Ventures. The Television segment engages in production and operation of commercial television programming and stations as well as distribution of programming content. The West segment includes publishers of newspapers and inserts magazines. The Other Business and New Ventures segment is made up of equity accounted investees and other ventures investments. The company was founded in 1956 and is headquartered in Perth, Australia.

Discretionary

AUD

www.kathmanduholdings.com

asx-kmd

KMD

Outperform

AU$211.55M

211545399

KMD Brands Ltd. engages in the design, marketing, retail, and wholesale of apparel, footwear, and equipment for surfing and the outdoors. It operates through the following segments: Rip Curl, Kathmandu, Oboz, and Corporate. The Rip Curl segment includes surfing equipment and apparel. The Oboz segment refers to outdoor footwear. The Corporate segment represents groups other business activities. The company was founded in 1987 and is headquartered in Christchurch, New Zealand.

Discretionary

AUD

asx-lgl

LGL

Buy

AU$211.17M

211174370

Lynch Group Holdings Ltd. engages in the horticultural production and wholesale of flowers and plants. It operates through Australia and China geographical segments. The Australia segment focuses on vertically integrated production farm and wholesale operation in Australia. The China segment is involved in the production of farm and distribution operation in China, primarily supplying the domestic China market as well as the Australian segment. The company was founded in 1915 and is headquartered in Ingleburn, Australia.

Discretionary

AUD

www.mcholdings.com.au

asx-mto

MTO

Outperform

AU$195.59M

195587079

Motorcycle Holdings Ltd. engages in the ownership and operation of motorcycle dealerships. The firm also owns and manages a rider training school and a motorcycle repair business which performs smash repair work for insurers. It operates through Motorcycle Retailing and Motorcycle and Accessories Wholesaling segments. The Motorcycle Retailing segment includes the sale of new and used motorcycles, parts, servicing, accessories, and mechanical protection plan contracts. The Motorcycle and Accessories Wholesaling segment imports and distributes a diversified range of motorcycles, ATVs, scooters, and motorcycle parts and accessories to wholesale customers in Australia and New Zealand including the group’s own retail outlets. The company was founded by David Ahmet in 1989 and is headquartered in Slacks Creek, Australia.

Discretionary

AUD

www.shavershop.com.au

asx-ssg

SSG

AU$178.18M

178176998

Shaver Shop Group Ltd. engages in selling personal grooming products through their corporate and online stores. It offers oral care, hair care, massage, air treatment, and beauty products. The company was founded in 1986 and is headquartered in Chadstone, Australia.

Discretionary

AUD

www.cashconverters.com

asx-ccv

CCV

AU$169.44M

169437152

Cash Converters International Ltd. engages in the ownership, operation, and franchising of retail stores. It operates through the following segments: It operates through the following segments: Personal Finance, Vehicle Financing, Store Operations, New Zealand, UK, and Head Office & Eliminations. The Personal Finance segment comprises the Cash Converters Personal Finance personal loans business. The Vehicle Financing refers to Green Light Auto Group Pty Ltd, which provides motor vehicle finance. The Store Operations offers retail sale of new and second-hand goods, and personal lending including cash advance and pawnbroking operations at corporate owned stores in Australia. The New Zealand segment comprises the operations of the New Zealand Cash Converters network. The UK segment is associated with the sale of franchises for the retail sale of new and second-hand goods within the United Kingdom. The Head Office & Eliminations segment pertains to the sale of franchises for the retail sale of new and second-hand goods within Australia and the sale of master licenses for the development of franchises in countries around the world. The company was founded by Brian Cumins in November 1984 and is headquartered in Perth, Australia.

Discretionary

AUD

www.nzme.co.nz

asx-nzm

NZM

AU$168.95M

168946000

Discretionary

AUD

www.ardentleisure.com

asx-ceh

CEH

Buy

AU$161.90M

161900780

Coast Entertainment Holdings Ltd. engages in the investment and operation of leisure and entertainment businesses. Its brands include Dreaamworld, WhiteWater World, Main Event Entertainment, SkyPoint, and SkyPoint Climb. The firm operates through the Theme Parks and Attractions, and Corporate segments. The Theme Parks and Attraction segment comprises Dreamworld and WhiteWater World in Coomera, Queensland and the SkyPoint observation deck and climb in Surfers Paradise, Queensland. The company was founded on June 11, 1998 and is headquartered in North Sydney, Australia.

Discretionary

AUD

www.htande.com.au

asx-a1n

A1N

Sell

AU$161.22M

161220944

ARN Media Ltd. is a media and entertainment company. It operates through the following business segments: Australian Radio Network, HK outdoor and Digital Investments. The Australian Radio Network segment involves in Metropolitan radio networks. The HK Outdoor segment engages in billboard, transit and other outdoor advertising activities in Hong Kong. The Digital Investments segment includes interest on conversant media, emotive and equity accounted investments. The company was founded in 1988 and is headquartered in Macquarie Park, Australia.

Discretionary

AUD

www.southerncrossaustereo.com.au/

asx-sxl

SXL

Buy

AU$157.13M

157133939

Southern Cross Media Group Ltd. engages in the provision of entertainment media solutions. It operates through the following segments: Audio, Television, and Corporate. The Audio segment includes metro and regional radio, and podcasting. The Television segment involves in the regional television business. The company was founded on November 5, 2007 is headquartered in South Melbourne, Australia.

Discretionary

AUD

www.reefcasino.com.au

asx-rct

RCT

AU$154.38M

154383209

Reef Casino Trust engages in the ownership and management of the Reef Hotel Casino. Its operations include hotel management, live bands and shows, gaming, events, and the wildlife dome and sports arena. The company was founded on July 2, 1993 and is headquartered in Cairns, Australia.

Discretionary

AUD

www.michaelhill.com.au

asx-mhj

MHJ

Hold/Neutral

AU$153.93M

153927712

Michael Hill International Ltd. engages in the retail sale of jewellery and related services. It offers rings, charms, watches, and gifts. It operates through the following geographical segments: Australia, New Zealand, Canada, and Corporate and Other. The Corporate and Other segment focuses on revenue and expenses that do not relate directly to the relevant Michael Hill Group retail segments. The company was founded by Richard Michael Hill and Ann Christine Lady-Hill in 1979 and is headquartered in Cannon Hill, Australia.

Discretionary

AUD

www.vivaleisure.com.au

asx-vva

VVA

Buy

AU$137.28M

137277551

Viva Leisure Ltd. engages in the health clubs in the health and leisure industries. It offers customers membership options and a range of facilities from big boxes to boutique fitness. The firm's brands include Club Lime, Ladies Only, Psyclelife, Aquatics, Hiit Republic, Swim School, Gymmy, and Studio. The company was founded by Harry Konstantinou and Angelo Konstantinou on January 12, 2004 and is headquartered in Mitchell, Australia.

Discretionary

AUD

www.evolveeducation.co.nz

asx-evo

EVO

Buy

AU$133.02M

133024384

Embark Early Education Ltd. engages in the provision of early childhood education services. The company was founded on May 20, 2014 and is headquartered in Helensvale, Australia.

Discretionary

AUD

asx-stp

STP

Buy

AU$131.59M

131591610

Step One Clothing Ltd. operates as a direct-to-consumer online retailer for underwear. It operates through Step One brand. The firm offers boxers, brief, trunks, bras, camisoles, lingerie, and slips. The company was founded by Greg Taylor in 2017 and is headquartered in Surry Hills, Australia.

Discretionary

AUD

www.joycecorp.com.au

asx-jyc

JYC

Buy

AU$131.29M

131287557

Joyce Corp. Ltd. engages in operating retail kitchen and wardrobe stores. It operates through the following business segments: Retail Kitchen and Wardrobe Showrooms, Retail Bedding-Franchise Operation, and Retail Bedding Stores-Company-Owned. The company was founded in 1886 is headquartered in Perth, Australia.