Latest news with #CenturyManagement
The Age
30-06-2025
- Business
- The Age
The next Enmore Theatre is not where you expect
Built in 1881, the grand Victoria Theatre in Newcastle's city centre flourished in the era of silent pictures and the heights of vaudeville, featuring a galaxy of stars from trick cyclists and magicians to patterologists – jokesters who traded in gags and puns. The venue narrowly dodged death by demolition a decade ago when Century Management, the owners of the Enmore Theatre and other venues across Sydney, purchased the building with a $12 million plan to restore it. Now a $1 million heritage grant from the NSW government announced on Tuesday will bring the project to transform the old theatre into the equivalent of the Enmore in Newy, as the old industrial town is affectionately known, a little closer. It is one of two Newcastle projects that have received a $1 million 'activating state heritage' grant to revitalise the city's centre and attract visitors, the largest grants made under the NSW program. The second $1 million grant, to the Schwartz Family Company, will turn the old GPO by Walter Liberty Vernon into Australia's first Aboriginal medical museum and a community hub. Loading The projects were among 140 grant recipients awarded a total of $8.65 million in the 2025-2027 round, announced by the NSW Minister for Heritage Penny Sharpe to celebrate, preserve and revive historical projects and sites across the state. These range from changes to preserve culturally sensitive parts of Birubi Point Aboriginal Place to the conservation of the Bushranger Hotel in Goulburn. Up 44 per cent on the 2023-2025 round of grants, the increase coincides with consultation on the government's draft heritage strategy, open for feedback until July 13. It has heard maintaining heritage is a 'black hole' of time, money and bureaucratic battles. Sharpe said the record investment highlighted the government's commitment. 'Our many and diverse heritage places tell the stories of NSW. These heritage sites will also be a drawcard for visitors and beacons for local communities into the future.'
Sydney Morning Herald
30-06-2025
- Business
- Sydney Morning Herald
The next Enmore Theatre is not where you expect
Built in 1881, the grand Victoria Theatre in Newcastle's city centre flourished in the era of silent pictures and the heights of vaudeville, featuring a galaxy of stars from trick cyclists and magicians to patterologists – jokesters who traded in gags and puns. The venue narrowly dodged death by demolition a decade ago when Century Management, the owners of the Enmore Theatre and other venues across Sydney, purchased the building with a $12 million plan to restore it. Now a $1 million heritage grant from the NSW government announced on Tuesday will bring the project to transform the old theatre into the equivalent of the Enmore in Newy, as the old industrial town is affectionately known, a little closer. It is one of two Newcastle projects that have received a $1 million 'activating state heritage' grant to revitalise the city's centre and attract visitors, the largest grants made under the NSW program. The second $1 million grant, to the Schwartz Family Company, will turn the old GPO by Walter Liberty Vernon into Australia's first Aboriginal medical museum and a community hub. Loading The projects were among 140 grant recipients awarded a total of $8.65 million in the 2025-2027 round, announced by the NSW Minister for Heritage Penny Sharpe to celebrate, preserve and revive historical projects and sites across the state. These range from changes to preserve culturally sensitive parts of Birubi Point Aboriginal Place to the conservation of the Bushranger Hotel in Goulburn. Up 44 per cent on the 2023-2025 round of grants, the increase coincides with consultation on the government's draft heritage strategy, open for feedback until July 13. It has heard maintaining heritage is a 'black hole' of time, money and bureaucratic battles. Sharpe said the record investment highlighted the government's commitment. 'Our many and diverse heritage places tell the stories of NSW. These heritage sites will also be a drawcard for visitors and beacons for local communities into the future.'
Yahoo
15-05-2025
- Business
- Yahoo
Arnold Van Den Berg's Strategic Moves: Carter's Inc. Exits with a -2.13% Impact
Arnold Van Den Berg (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Since founding Century Management in 1974, Arnold Van Den Berg (Trades, Portfolio) has handily beaten all of the indices. Mr. Van Den Berg is a value investor, and considers himself a student of Benjamin Graham. Arnold applies value investment strategies as his investment philosophy. His investment research seeks to determine the appraised value of a company, often referred to as intrinsic value. Investments are then made at a significant discount, normally 40% to 65% below the company's current intrinsic value. This is his margin of safety. Arnold usually holds 35-40 companies when fully invested, and invests primarily in U.S. headquartered companies. Warning! GuruFocus has detected 4 Warning Sign with PHYS. Arnold Van Den Berg (Trades, Portfolio) added a total of 4 stocks, among them: The most significant addition was Schwab U.S. Large-Cap ETF (SCHX), with 22 shares, accounting for a total value of $490 million. The second largest addition to the portfolio was VanEck Uranium Nuclear Energy ETF (NLR), consisting of 216 shares, representing approximately a total value of $15,830. The third largest addition was Vanguard Mid-Cap Value ETF (VOE), with 1 share, accounting for a total value of $160. Arnold Van Den Berg (Trades, Portfolio) also increased stakes in a total of 35 stocks, among them: The most notable increase was Dell Technologies Inc (NYSE:DELL), with an additional 37,263 shares, bringing the total to 72,068 shares. This adjustment represents a significant 107.06% increase in share count, a 1.04% impact on the current portfolio, with a total value of $6,569,000. The second largest increase was Stanley Black & Decker Inc (NYSE:SWK), with an additional 38,253 shares, bringing the total to 74,033. This adjustment represents a significant 106.91% increase in share count, with a total value of $5,691,690. Arnold Van Den Berg (Trades, Portfolio) completely exited 11 holdings in the first quarter of 2025, as detailed below: Carter's Inc (NYSE:CRI): Arnold Van Den Berg (Trades, Portfolio) sold all 136,340 shares, resulting in a -2.13% impact on the portfolio. Global X Uranium ETF (URA): Arnold Van Den Berg (Trades, Portfolio) liquidated all 7,206 shares, causing a -0.06% impact on the portfolio. Arnold Van Den Berg (Trades, Portfolio) also reduced positions in 51 stocks. The most significant changes include: Reduced Berkshire Hathaway Inc (NYSE:BRK.B) by 14,948 shares, resulting in a -33.86% decrease in shares and a -1.95% impact on the portfolio. The stock traded at an average price of $486.15 during the quarter and has returned 5.64% over the past 3 months and 11.78% year-to-date. Reduced Brookfield Asset Management Ltd (NYSE:BAM) by 80,668 shares, resulting in a -73.38% reduction in shares and a -1.26% impact on the portfolio. The stock traded at an average price of $54.51 during the quarter and has returned -0.83% over the past 3 months and 9.49% year-to-date. At the first quarter of 2025, Arnold Van Den Berg (Trades, Portfolio)'s portfolio included 102 stocks, with top holdings including 6.43% in Sprott Physical Gold Trust (PHYS), 5.92% in Exxon Mobil Corp (NYSE:XOM), 4.76% in Berkshire Hathaway Inc (NYSE:BRK.B), 4.01% in Diamondback Energy Inc (NASDAQ:FANG), and 3.84% in EQT Corp (NYSE:EQT). The holdings are mainly concentrated in 9 of the 11 industries: Energy, Financial Services, Technology, Communication Services, Healthcare, Industrials, Basic Materials, Consumer Cyclical, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
