I just listened to the webcast of the results and I have to say I am slightly reassured. The CEO really knows his stuff and they obviously have lots of programs in the works to get earnings back on track.
I think what has probably happened is the recovery is taking a bit longer to kick in than expected but I get the feeling once it does it is going to be massive and will go straight to the bottom line. Goodlife is doing well and there appears to be signs of recovery just starting for D'albora and Main Event.
Thankfully their development pipeline has been ramped up again and as I mentioned earlier I think results will start to flow through from the half year. They have some very unique assets and these guys know how to get the best value out of them.
I think if they focus on increased investment going into their theme parks and also continue to expand their health club portfolio we will begin to see real rewards over the next few years
AAD Price at posting:
$1.49 Sentiment: Buy Disclosure: Held
