Latest news with #ScottDidier
AU Financial Review
10-06-2025
- Business
- AU Financial Review
PEP finds a perfect private-equity target in ASX darling-turned-dog
It's funny how life works. Late last month, news broke that Scott Didier, the managing director and talisman of ASX-listed building group Johns Lyng Group, had spent a staggering $140 million to buy one of Australia's most iconic pubs, The Beach Hotel in Byron Bay. Two weeks later, Johns Lyng, in which Didier holds an 18 per cent stake, is in the sights of local private equity giant Pacific Equity Partners, in a deal that could value the business at just over $900 million.
Daily Telegraph
28-05-2025
- Business
- Daily Telegraph
Byron Bay's Beach Hotel sold for $140m
The famous Beach Hotel at Byron Bay has traded hands for $140m, the second most expensive Aussie pub ever sold. 'The Beachie' has been bought by Scott Didier, Group CEO of construction firm Johns Lyng Group. The $140m price tag is the second highest price paid for a pub in Australia, behind The Crossroads Hotel in Casula in Sydney's southwest which changed hands for $160m in 2022. MORE: Bizarre feature of Hemsworth's $50m Byron Bay home MA Financial Group's Redcape Hospitality confirmed the sale late Wednesday. 'The Beach Hotel is a special place, and the team has thoroughly enjoyed being a part of its history' said Chris Unger, Managing Director, Redcape Hospitality. 'The sale not only delivers a strong result but also marks an exciting new chapter for the Beach Hotel and we are sure it will continue to thrive as a beloved part of the Byron Bay landscape under the guidance of the Didier family.' The sale was brokered by John Musca of JLL. The sale of The Beach Hotel has come amid increased new competition for drinking holes across NSW. Originally a family pub run by Sale of the Century hostess Delvene Delaney and her producer husband – and best mate to Paul Hogan, John 'Strop' Cornell – The Beach Hotel in Byron was the first Aussie pub to sell for $100m, when it last traded in 2019. RELATED: How family business became billion dollar pub empire Records then revealed that global investment firm MA Financial Group had entered into an exclusivity agreement to purchase the 4585sq m property that Delaney and Cornell, who produced and co-wrote the international blockbuster Crocodile Dundee, spent about $9 million building up in the 1990s. The pub has since been managed by Redcape. At the time of the 2019 sale, Dan Brady, CEO of MA Financial Group, described the almost waterfront hotel as an 'iconic Australian establishment located on irreplaceable real estate.' MORE: Kmart set to change everything in Temu war 'The acquisition of both freehold and operating interests will enable the required capital investment to further enhance what has made the hotel iconic – that is, a great community gathering place with a fun, sociable, friendly and safe hospitality offering delivered by an engage and passionate team of local hospitality professionals,' Mr Brady. said. The Oaks Hotel in Neutral Bay on Sydney's North Shore was believed to have been sold for $175m in 2022, before the sale fell through and long-time owners The Thomas family decided to keep running it. Former Sydney Lord Mayor Nelson Meers and his family were revealed as the buyers who paid top dollar for The Crossroads. MORE: Price of car spot proves Australia has lost it
AU Financial Review
28-05-2025
- Business
- AU Financial Review
The Beach Hotel in Byron sells for $140m
Businessman Scott Didier has purchased The Beach Hotel in Byron Bay off market for $140 million from Redcape Hotel Group, marking the second-highest price paid in a pub trade on record. Didier, who is also chief executive of ASX-listed construction company Johns Lyng Group and a prolific philanthropist, and his family have bought the prominent hotel as a personal investment.
Yahoo
19-03-2025
- Business
- Yahoo
Bullish Johns Lyng Group Insiders Loaded Up On AU$1.35m Of Stock
Quite a few insiders have dramatically grown their holdings in Johns Lyng Group Limited (ASX:JLG) over the past 12 months. An insider's optimism about the company's prospects is a positive sign. Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares. See our latest analysis for Johns Lyng Group In the last twelve months, the biggest single purchase by an insider was when MD, Group CEO & Executive Director Scott Didier bought AU$995k worth of shares at a price of AU$3.87 per share. That means that an insider was happy to buy shares at above the current price of AU$2.54. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels. Over the last year, we can see that insiders have bought 350.33k shares worth AU$1.4m. But insiders sold 100.00k shares worth AU$618k. In the last twelve months there was more buying than selling by Johns Lyng Group insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Johns Lyng Group insiders own about AU$28m worth of shares. That equates to 4.0% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. The fact that there have been no Johns Lyng Group insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Johns Lyng Group and we see no evidence to suggest they are worried about the future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 2 warning signs with Johns Lyng Group and understanding these should be part of your investment process. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
