As seen in The Australian Financial Review Archives - Victory Offices https://victoryoffices.com.au WE MIND YOUR BUSINESS Fri, 14 May 2021 01:46:44 +0000 en-AU hourly 1 https://wordpress.org/?v=5.8.6 https://victoryoffices.com.au/wp-content/uploads/2020/04/cropped-Victory-Offices-just-logo-1-32x32.png As seen in The Australian Financial Review Archives - Victory Offices https://victoryoffices.com.au 32 32 Victory Offices taps Ords for raising help https://victoryoffices.com.au/victory-offices-taps-ords-for-raising-help/ https://victoryoffices.com.au/victory-offices-taps-ords-for-raising-help/#respond Thu, 23 Apr 2020 02:29:58 +0000 https://victoryoffices.com.au/?p=13175 Victory Offices taps Ords for raising help Serviced office owner Victory Offices is getting its capital raising ducks in a row. Street Talk understands the $21 million company is working with broker Ord Minnett to help it stitch up a $15 million-plus raising for working capital to get through the COVID-19 downturn. It is understood …

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Victory Offices taps Ords for raising help

Serviced office owner Victory Offices is getting its capital raising ducks in a row.

Street Talk understands the $21 million company is working with broker Ord Minnett to help it stitch up a $15 million-plus raising for working capital to get through the COVID-19 downturn.

It is understood while a broker is on board, the situation was fluid and the structure and pricing of the raising was yet to be determined.

It’s not the most straight forward raising or the best news story for the company given Victory and its broker have been trying to stitch a deal together for almost a week. Shareholders wouldn’t have expected to be back in front of shareholders so soon after listing.

However, sources said a couple of the company’s major shareholders had indicated they would support the deal.

Victory offices has been in a trading halt since Friday last week and its shares last closed at 51¢.

It’s less than a year since the company listed on the ASX, in an IPO that was also overseen by Ord Minnett. That deal was done at $2 a share.

Victory is an operator of full serviced offices and co-working facilities in New South Wales, the ACT, Western Australia, Queensland and Victoria. 

The company generated $18 million in earnings in the first half of the 2020 financial year and posted a $3.3 million net profit after tax. At that time it had $131 million in lease liabilities.

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]]> https://victoryoffices.com.au/victory-offices-taps-ords-for-raising-help/feed/ 0 Victory Offices hits forecasts, demand for flexible offices continues https://www.afr.com/property/commercial/victory-offices-hits-forecasts-demand-for-flexible-offices-continues-20190829-p52lvu#new_tab https://www.afr.com/property/commercial/victory-offices-hits-forecasts-demand-for-flexible-offices-continues-20190829-p52lvu#new_tab#respond Tue, 27 Aug 2019 23:27:51 +0000 https://victoryoffices.com.au/?p=12591 Newly minted public company Victory Offices, chaired by former Victorian premier Steve Bracks, has posted on-target results for 2019 with $47.6 million in revenue and a net profit of close to $10 million.

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]]> Newly minted public company Victory Offices, chaired by former Victorian premier Steve Bracks, has posted on-target results for 2019 with $47.6 million in revenue and a net profit of close to $10 million.

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]]> https://www.afr.com/property/commercial/victory-offices-hits-forecasts-demand-for-flexible-offices-continues-20190829-p52lvu#new_tab/feed/ 0 VICTORY OFFICES OPENS SECOND BRISBANE HUB https://www.afr.com/real-estate/commercial/victory-offices-opens-second-brisbane-hub-20190716-p527m7#new_tab https://www.afr.com/real-estate/commercial/victory-offices-opens-second-brisbane-hub-20190716-p527m7#new_tab#respond Mon, 15 Jul 2019 22:39:38 +0000 https://victoryoffices.com.au/?p=12573 Newly listed flexible office space provider Victory Offices has struck a new office lease in Brisbane for its second flexible working hub in the Queensland capital

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]]> Newly listed flexible office space provider Victory Offices has struck a new office lease in Brisbane for its second flexible working hub in the Queensland capital

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]]> https://www.afr.com/real-estate/commercial/victory-offices-opens-second-brisbane-hub-20190716-p527m7#new_tab/feed/ 0 IOOF INCREASES ITS SHAREHOLDING IN VICTORY OFFICES https://www.afr.com/real-estate/commercial/ioof-increases-its-shareholding-in-victory-offices-20190702-p523d6#new_tab https://www.afr.com/real-estate/commercial/ioof-increases-its-shareholding-in-victory-offices-20190702-p523d6#new_tab#respond Mon, 01 Jul 2019 22:32:34 +0000 https://victoryoffices.com.au/?p=12567 Newly listed flexible and co-working group Victory Offices’ second biggest shareholder, IOOF Holdings, has increased its shareholding, raising its voting power by 2.31 per cent on Monday

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]]> Newly listed flexible and co-working group Victory Offices’ second biggest shareholder, IOOF Holdings, has increased its shareholding, raising its voting power by 2.31 per cent on Monday

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]]> https://www.afr.com/real-estate/commercial/ioof-increases-its-shareholding-in-victory-offices-20190702-p523d6#new_tab/feed/ 0 CO-WORKING HUB OPERATOR VICTORY SURGES IN STRONG DEBUT https://www.afr.com/real-estate/commercial/smells-like-victory-co-working-hub-operator-wins-strong-debut-20190614-p51xqj#new_tab https://www.afr.com/real-estate/commercial/smells-like-victory-co-working-hub-operator-wins-strong-debut-20190614-p51xqj#new_tab#respond Thu, 13 Jun 2019 15:15:51 +0000 https://victoryoffices.com.au/?p=12537 Co-working hub operator Victory Offices, chaired by former Victorian premier Steve Bracks, has surged on its ASX deb

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]]> Co-working hub operator Victory Offices, chaired by former Victorian premier Steve Bracks, has surged on its ASX deb

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]]> https://www.afr.com/real-estate/commercial/smells-like-victory-co-working-hub-operator-wins-strong-debut-20190614-p51xqj#new_tab/feed/ 0 Victory Offices IPO priced at up to 9.7-times profit https://www.afr.com/street-talk/victory-offices-ipo-priced-at-up-to-9-7-times-profit-20190506-p51kmi#new_tab https://www.afr.com/street-talk/victory-offices-ipo-priced-at-up-to-9-7-times-profit-20190506-p51kmi#new_tab#respond Mon, 06 May 2019 02:36:48 +0000 https://victoryoffices.com.au/?p=13181 Stockbroker Ord Minnett has blasted terms for serviced offices and coworking spaces company Victory Offices’ proposed initial public offering. According to the term sheet sent to funds late on Monday, Victory Offices will seek to raise $30 million at $2 a share.

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Stockbroker Ord Minnett has blasted terms for serviced offices and coworking spaces company Victory Offices’ proposed initial public offering.

According to the term sheet sent to funds late on Monday, Victory Offices will seek to raise $30 million at $2 a share.

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]]> https://www.afr.com/street-talk/victory-offices-ipo-priced-at-up-to-9-7-times-profit-20190506-p51kmi#new_tab/feed/ 0 VICTORY OFFICES IPO DONE AT 8.8X https://www.afr.com/real-estate/commercial/victory-offices-ipo-done-at-8-8x-20190509-p51ljl#new_tab https://www.afr.com/real-estate/commercial/victory-offices-ipo-done-at-8-8x-20190509-p51ljl#new_tab#respond Tue, 09 Apr 2019 13:32:30 +0000 https://victoryoffices.com.au/?p=12530 Ord Minnett has wrapped up a $30 million initial public offering for serviced offices and coworking spaces company Victory Offices

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]]> Ord Minnett has wrapped up a $30 million initial public offering for serviced offices and coworking spaces company Victory Offices

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]]> https://www.afr.com/real-estate/commercial/victory-offices-ipo-done-at-8-8x-20190509-p51ljl#new_tab/feed/ 0 SERVICED OFFICE COMPANY VICTORY OFFICES PITCHES $100M FLOAT VIA ORDS https://www.afr.com/street-talk/serviced-office-company-victory-offices-pitches-100m-float-via-ords-20190408-p51bxs#new_tab https://www.afr.com/street-talk/serviced-office-company-victory-offices-pitches-100m-float-via-ords-20190408-p51bxs#new_tab#respond Tue, 09 Apr 2019 13:24:19 +0000 https://victoryoffices.com.au/?p=12528 Stockbroker Ord Minnett has kicked off marketing for serviced office owner Victory Offices

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]]> Stockbroker Ord Minnett has kicked off marketing for serviced office owner Victory Offices

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]]> https://www.afr.com/street-talk/serviced-office-company-victory-offices-pitches-100m-float-via-ords-20190408-p51bxs#new_tab/feed/ 0 FAST 100: NEXT BUSINESS ENERGY TOPS FUTURE-FACING LIST https://www.afr.com/work-and-careers/leaders/fast-100-next-business-energy-tops-futurefacing-list-20181025-h173vr#new_tab https://www.afr.com/work-and-careers/leaders/fast-100-next-business-energy-tops-futurefacing-list-20181025-h173vr#new_tab#respond Wed, 31 Oct 2018 13:15:43 +0000 https://victoryoffices.com.au/?p=12523 Next Business Energy has topped the 2018 Australian Financial Review Fast 100 with a strategy rarely heard in the halls of power

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]]> Next Business Energy has topped the 2018 Australian Financial Review Fast 100 with a strategy rarely heard in the halls of power

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]]> https://www.afr.com/work-and-careers/leaders/fast-100-next-business-energy-tops-futurefacing-list-20181025-h173vr#new_tab/feed/ 0