the other point that the market is underestimating is the value of the 74+acres at Coomera that Dreamworld sits on - close to the Gold Coast and I would imagine that Gary Weiss would have some plans to extract some value from this.
definitely worth more than the current market capitalisation.
given the falling Aus$ and the hedges in place - the 90c return is looking more like 95c.
I would expect a re-rate to $1.40s level over the next couple of months.
the asset backing provides a decent level of protection in these uncertain times !
the other point that the market is underestimating is the value...
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Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $222.6M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 48.5¢ | $120.5K | 246.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1117 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 25034 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
48.5¢ |
Change
0.005 ( 1.06 %) |
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| Open | High | Low | Volume | ||
| 49.0¢ | 50.0¢ | 48.5¢ | 31348 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CEH (ASX) Chart |