gage roads news

The site will not replace Gage Roads’ existing home just outside Fremantle, but will include a smaller batch kit in the ballpark of 25hL to enable experimentation, small batch, limited and seasonal brews. “Building venues and stuff over on the east coast, I feel that this one complements those projects and gives us a home here.”. As expected, COVID restrictions mainly impacted draught sales which Gage says are now back on track, with strong keg demand due to the re-opening of on-premise trade sooner than expected. A Look At Gage Roads Brewing's Liabilities . Category: News Tagged: Gage Roads Brewing Co, Good Drinks, packaged beer sales had surged at the beginning of March. Gage Roads has been brewing beer just outside of Freo since 2004 and they are beyond pumped to be building their first venue overlooking the actual Gage Roads—the shipping lane between Fremantle and Rottnest Island. Gage Roads Brewing trades on a P/E ratio of 36.1, which is above the AU market average of 16.1. Gage Roads produces more beer than any other brewery in WA — 14 million litres. Western Australia saw pubs in the state open ahead of other states in May which has benefitted the WA brewer, despite social distancing measures remaining in place. For 15 years or more we’ve been brewing on the outskirts of Fremantle, and one of the most common questions we get are ‘are you open to the public?’ and ‘when are you going to open up a venue so we can find out more about you?’, “So throughout that journey we’ve had that dream about opening something up, it’s the perfect location and site to create our spiritual home.”. It will also be pivotal in regenerating the area, which is often overlooked in the Fremantle area, but has lots of potential as a ferry boarding point to the popular Rottnest Island. In between Fremantle and Rottnest Island off the coast of Western Australia is a place called Gage Roads. “We’re thinking 25hL and as you can imagine all the modelling for patron numbers and all that stuff has to happen now, so it will be in that range to compliment the bigger brewery. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical “share” of … Local brewer Gage Roads has told the ASX that recent share price gains are most likely due to positive news presented to the market about its expansion plans on the back of strong sales. Packaged sales were “largely unaffected” during the period in which venues and suppliers were heavily affected by COVID-19 restrictions. But on the other hand, we’d be far less excited to learn profit (but not EPS) was improving. Gage Roads, which will foot the bill for the refurbishment, also confirmed the news to its social media followers this week, showing off artists’ impressions of the plans for the site. GRB(ASX) changed to GDA(ASX) as of 25 November 2020 Warning: Under the Liquor Control Act 1988, it is an offence: to sell or supply liquor to a person under the age of 18 years on licensed or regulated premises; or for a person under the age of 18 years to purchase, or attempt to purchase, liquor on license or regulated premises. Adventurous. Credit: Supplied. Gage Roads had been nominated for the site following the expressions of interest phase and were already negotiating the lease for the site when COVID-19 struck. “You know we've got a hundred people now. Gage Roads serves as a shipping lane and anchorage for sea traffic heading towards the seaport of Fremantle. Free forex prices, toplists, indices and lots more. GRB - Gage Roads Brewing Co Reuters News. “In a challenging economic period, this is a major demonstration of confidence by a key player in the W hospitality industry, that will generate jobs both in the construction and operational phases,” he said in a media statement. “But it demonstrates a lot of confidence in our strategy in the state of WA to continue moving forward in this environment. Gage Roads Brewing is a smaller company with a market capitalization of AU$104m, so it may still be flying under the radar of many institutional investors. COVID could have got in the way and you could lose sight of the bigger picture. The excess cash it carries is the gravy on top its fast EPS growth. “It’s been a challenging time for businesses and it’s been a tough year for us and our business but we’re committed to brewing great beer and sharing that with our customers. “It’s never had that critical mass of foot traffic, so we’re going to create foot traffic that will spur on further investment and bring the whole precinct to life which will be a good thing for Fremantle in particular.”. Specialising in a range of full-flavoured yet approachable beers and cider, Gage Roads is the official supplier at Perth’s Optus Stadium and is rapidly expanding across the east coast. Gage Roads was the location of the 1987 America's Cup, Rottnest Island lies to the west of Gage Roads, Owen Anchorage and Cockburn Sound lie to the south. So Gage Roads Brewing shareholders will want to see that EPS figure continue to increase. It estimates the project will cost between $6 million and $10 million, and Gage will commence construction with a view to opening the venue doors in summer 2022. With a price-to-earnings (or "P/E") ratio of 48.4x Gage Roads Brewing Co. Limited may be sending very bearish signals at the moment, given that almost half of all companies in Australia have P/E ratios under 15x and even P/E's lower than 9x are not unusual. Gage Roads Brewing Co is based in Western Australia and is one of the country’s largest independent breweries. It said total Good Drinks brands were up 25 per cent in the year to date with positive momentum for the next few years. A lot our of employees own the business.

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