Could health concerns and legislation pose a threat to Australia's biggest liquor retailing and gaming group? Our analyst Johannes Faul has his say.

Are the shares of two of Australia’s best known brands attractive?

Current operating conditions are challenging but over the long-term prospects are better.

Shares tumble after results.

Shares rose over 21% following the results. 

Cyclical upturn should alleviate margin pressure.

New CEO has relevant experience in business transformation.

We see a rebound in sales after a rough 2024 but the shares remain overvalued.

Sales momentum is building and the shares are trading at a 54% discount to our fair value.

Shares jumped over 8% after reporting results.