Is GyG’s disclosure in its prospectus enough to prevent ASIC requesting a supplementary disclosure to give prospective investors a truer picture?
It’s not just the burritos causing heartburn. Spare a thought for fund managers leafing through the Guzman y Gomez prospectus – and reporting back that the enterprise value to earnings figures couldn’t be more difficult to understand if they were in Spanish.
The Mexican-themed restaurant chain has quickly become the talk of the market after its biggest shareholders – TDM Growth Partners, Aware Super and Barrenjoey Capital Partners – pressed the green light on floating the company.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
The development giant had on Monday outlined plans to progressively offload its international construction and property assets as investor unrest mounted.
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