A downgrade to earnings due to Covid19 was just plain obvious given the type of businesses ALG runs. This has already been well and truly accounted for in the decimated share price.
Current SP is ludicrous in valuation terms. Main Event is a quality business generating USD earnings and will likely attract an equity partner who can see the inherent medium-long term value in the business.
Ann: Ardent Leisure updates FY20 earnings guidance, page-4
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Last
44.5¢ |
Change
-0.005(1.11%) |
Mkt cap ! $192.1M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 44.5¢ | $27.27K | 61.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43654 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 3891 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CEH (ASX) Chart |