Ann: Ardent Leisure Group Half Year Financial Res, page-28

re: Ann: Ardent Leisure Group Half Year Finan... A good result but slightly missed consensus EPS which hurt in the current environment. The market was also spooked by the announcement that July Theme Park revenues are down by 9.4% from July 2010, however, if you listen to the call this is not as bad as first appears (and the Group overall for July is holding up well). The price may stay vulnerable until the quarterly confirms actual performance.

BA and Macquarie have downgraded to neutral. Overall the 6 brokers rated in FN Arena have a consensus price target of $1.48 with FY12 EPS of 13.8c and Dividend of 12.7c. Current weakness presents a good buying opportunity in my opinion. This is a well managed Group who has endured major headwinds and come out very well. I really like the increased diversification in the Group and as the Dad of 2 little boys I know that bowling is the only answer on a rainy day!

I am back in this morning but have some fire power reserved if greater values present.