Latest news with #PeetLimited
Daily Mail
a day ago
- Politics
- Daily Mail
This is the face of anti-immigration rallies planned around Australia... now his shock ties to one of the country's wealthiest families can be revealed
A coordinator behind a series of planned anti-immigration rallies across Australia has come under fire over his links to one of Australia's biggest property developers. Hugo Lennon, also known as 'Auspill', has encouraged his followers to stand up against 'mass immigration' at a series of rallies scheduled for August 31 - a problem he believes exacerbates the country's housing shortage. Mr Lennon has been revealed as the grandson of Tony Lennon, the millionaire ex-chairman of one of Australia's largest real estate development companies, Peet Limited. The 82-year-old, who retired last year but retained a sizeable shareholding, has been listed on Western Australia 's top-50 rich list multiple times with an estimated wealth of up to half a billion dollars. The company, which Mr Lennon's father Anthony serves as non-executive director, has one of the biggest residential landbanks of any ASX-listed property group. A number of online creators have taken issue with Mr Lennon's housing advocacy, given his family's deep ties to the WA property market. Mr Lennon, who has attracted more than 80,000 followers on TikTok in just over a year, recently called on his followers to 'end mass immigration' by attending the upcoming 'March for Australia' (MFA) rallies. 'It will be a peaceful march advocating for something virtually every Australian agrees on: that immigration has to be reduced,' he said. 'Australians have been ignored on immigration for a long time and that's gonna come to an end because on the 31st Australians will voice this majority opinion to have an end to mass immigration.' Organisers claim 'endless migration, weak leadership and political cowardice' have overstretched the housing supply and caused the country to change in ways 'most of us never agreed to'. 'It's time to take our country back. It's time to defend our way of life. It's time to defend our culture. Stop mass immigration now,' one flyer read. According to Mr Lennon's 'Auspill' account was listed as a moderator and administrator of the March for Australia Facebook group until recently. He told the outlet his account was removed as MFA did not wish to be 'connected to any one name and thus any one set of politics'. 'The reasons expressed by MFA are broad, they reflect the organisers' and supporters' diverse political backgrounds,' he said. 'Concerns around mass immigration include housing shortages, demographic change, infrastructure strain, environmental impacts, water supply shortages and fractured social cohesion.' MFA has attempted to distance itself from radical figures, including the leader of the National Socialist Network, and has previously expressed concern over fringe players attempting to hijack the event. In a statement posted to the MFA Facebook group on Friday, Mr Lennon wrote Australians had been sidelined over mass immigration which, he claimed, had transformed their 'way of life'. 'So we have a situation where the benefactors of mass immigration have clearly set the policy, they've decided the numbers, the types, and the discussions that are allowed to be had- all while millions of Australians are ignored for decades,' he said. 'The supreme betrayal of the political class is to disregard the clear and settled will of the Australian people on a matter that shapes their daily lives so directly. 'Australians are being told by their rulers that they must bear the burden of a transformation they never sought and do not consent to, a transformation that strikes at the heart of our national character and way of life. 'To ignore the voice of the nation is not merely folly; it is to tear at the very foundation of consent on which our democracy rests.'
News.com.au
2 days ago
- Business
- News.com.au
Anti-migration co-ordinator's wealthy property family
EXCLUSIVE One of the co-ordinators of a series of anti-immigration protests planned across Australia comes from one of the nation's wealthiest property development families, it can be revealed. Hugo Lennon – who goes by the online persona 'Auspill' – is encouraging Australians to come out en masse on August 31 in protests to 'end mass immigration' – which he says is to blame for the nation's housing crisis and skills shortage. However, can reveal Mr Lennon is the grandson of Tony Lennon, the former chairman of Perth-based Peet Limited, one of Australia's largest real estate development companies, worth approximately $800 million. The development mogul's wealth is now estimated at $350m to $500m, with Tony listed in WA's 50 richest list on multiple occasions. The 82-year-old retired from Peet last year, however, retained his shareholding of the company of more than 20 per cent. Mr Lennon's father Anthony is still with the company as a non-executive director on the board. Both Tony and Anthony have been contacted for comment from In his most recent video, Auspill tells his followers to 'Save the date for August 31 to save Australia'. 'So no doubt by you've heard by now about August the 31st, and if you haven't, on that date Australians will be marching for an end to mass immigration. They will be marching for Australia,' Mr Lennon states. 'Because the majority of Australians want to see the end of mass immigration. 'The truth is, Australia have been ignored on immigration for a long time and that's gonna come to an end because on the 31st Australians will voice this majority opinion.' There is also no suggestion that Hugo Lennon's other family members share his views. In a statement to a spokesman for Peet Limited denounced Mr Lennon's opinions. 'Creating inclusive, diverse communities where everyone belongs is a core value for Peet,' the company said in a statement. 'Peet does not share the views expressed by this individual, and we do not condone his actions or commentary.' The protests are being organised by the group 'March For Australia' – whose Facebook group was being moderated and administrated by Mr Lennon's 'Auspill' account. His account name has been removed from the page since being contacted for comment by Mr Lennon told his account was removed as March for Australia did not want to be 'connected to any one name and thus any one set of politics'. He outlined that he was assisting with 'certain technical systems and back-end infrastructure' for the rallies as well as providing 'occasional logistical support in online co-ordination'. 'The reasons expressed by MFA are broad, they reflect the organisers' and supporters' diverse political backgrounds,' Mr Lennon told 'Concerns around mass immigration include housing shortages, demographic change, infrastructure strain, environmental impacts, water supply shortages and fractured social cohesion.' Flyers and videos promoting the rallies have gone viral on TikTok and X in recent days, sparking division online. Rallies are set to be held in Hobart, Darwin, Townsville, Melbourne, Sydney, Brisbane, Perth, Canberra and Adelaide from 12pm to 2pm local time. Exact locations are yet to be announced. The event is being promoted by a number of far-right and white nationalist accounts on social media, however, Mr Lennon told his followers the protest will be 'peaceful'. On Tuesday, the March for Australia page put out an 'urgent press release' clarifying they were not affiliated with 'White Australia'. 'March For Australia began as a grassroots, organic effort to unite Australians around a common cause – ending mass immigration,' the social media post from March for Australia stated. 'We respect those foundations and recognise that our cause finds support from Australians from a diverse range of political backgrounds. 'Any attempts to hijack March For Australia for other issues, or to make it about any one group, are not in the spirit of the movement that we have taken custody of. 'We will assemble peacefully, to defend our flag, our people and demand an end to mass immigration.' As of March 13, neither NSW Police nor Queensland Police had received any notice of an intention to hold a 'public assembly'. It comes after a separate event in which around 100 masked neo-Nazis marched through Melbourne's CBD in the early hours of Saturday morning, carrying a sign reading 'White Man Fight Back'. The National Socialist Network event sparked outrage from Jewish groups, as the Victorian government pledged to introduce new laws giving police powers to 'unmask cowards at protests'. The high life of the Lennons Hugo's sister Eliza, a lawyer from Melbourne, makes no secret of the Lennon family's wealth, regularly posting family snaps from luxury locations and red carpets. However, she also makes known her disapproval of her brother's views. 'My brother's opinions are not mine,' her TikTok bio states. Her brother appears rarely on her social media feeds as opposed to her parents and grandparents. In one TikTok video, Eliza, who is also a keen golfer, features her multimillion-dollar grandfather in a 'fit check' with the pair kicking their feet up to show off their outfits.
Yahoo
18-05-2025
- Business
- Yahoo
Institutional investors own a significant stake of 44% in Peet Limited (ASX:PPC)
Significantly high institutional ownership implies Peet's stock price is sensitive to their trading actions 53% of the business is held by the top 4 shareholders 29% of Peet is held by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To get a sense of who is truly in control of Peet Limited (ASX:PPC), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 44% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. In the chart below, we zoom in on the different ownership groups of Peet. Check out our latest analysis for Peet Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Peet does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Peet's earnings history below. Of course, the future is what really matters. We note that hedge funds don't have a meaningful investment in Peet. Anthony Lennon is currently the largest shareholder, with 21% of shares outstanding. With 19% and 7.0% of the shares outstanding respectively, Orbis Investment Management Limited and Hurose Pty Ltd are the second and third largest shareholders. Additionally, the company's CEO Brendan Gore directly holds 1.3% of the total shares outstanding. To make our study more interesting, we found that the top 4 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. It seems insiders own a significant proportion of Peet Limited. Insiders have a AU$215m stake in this AU$744m business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The general public, who are usually individual investors, hold a 18% stake in Peet. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. It seems that Private Companies own 8.8%, of the Peet stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Peet (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process. Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
Yahoo
18-05-2025
- Business
- Yahoo
Institutional investors own a significant stake of 44% in Peet Limited (ASX:PPC)
Significantly high institutional ownership implies Peet's stock price is sensitive to their trading actions 53% of the business is held by the top 4 shareholders 29% of Peet is held by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To get a sense of who is truly in control of Peet Limited (ASX:PPC), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 44% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. In the chart below, we zoom in on the different ownership groups of Peet. Check out our latest analysis for Peet Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Peet does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Peet's earnings history below. Of course, the future is what really matters. We note that hedge funds don't have a meaningful investment in Peet. Anthony Lennon is currently the largest shareholder, with 21% of shares outstanding. With 19% and 7.0% of the shares outstanding respectively, Orbis Investment Management Limited and Hurose Pty Ltd are the second and third largest shareholders. Additionally, the company's CEO Brendan Gore directly holds 1.3% of the total shares outstanding. To make our study more interesting, we found that the top 4 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. It seems insiders own a significant proportion of Peet Limited. Insiders have a AU$215m stake in this AU$744m business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The general public, who are usually individual investors, hold a 18% stake in Peet. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. It seems that Private Companies own 8.8%, of the Peet stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Peet (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process. Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-05-2025
- Business
- Yahoo
Institutional investors own a significant stake of 44% in Peet Limited (ASX:PPC)
Significantly high institutional ownership implies Peet's stock price is sensitive to their trading actions 53% of the business is held by the top 4 shareholders 29% of Peet is held by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To get a sense of who is truly in control of Peet Limited (ASX:PPC), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 44% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. In the chart below, we zoom in on the different ownership groups of Peet. Check out our latest analysis for Peet Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Peet does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Peet's earnings history below. Of course, the future is what really matters. We note that hedge funds don't have a meaningful investment in Peet. Anthony Lennon is currently the largest shareholder, with 21% of shares outstanding. With 19% and 7.0% of the shares outstanding respectively, Orbis Investment Management Limited and Hurose Pty Ltd are the second and third largest shareholders. Additionally, the company's CEO Brendan Gore directly holds 1.3% of the total shares outstanding. To make our study more interesting, we found that the top 4 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. It seems insiders own a significant proportion of Peet Limited. Insiders have a AU$215m stake in this AU$744m business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The general public, who are usually individual investors, hold a 18% stake in Peet. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. It seems that Private Companies own 8.8%, of the Peet stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Peet (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process. Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
