chart, page-10

of course, this is on pause. It sits on some seriously valuable real estate and it’ll be cash flow positive once Australia can run again without domestic restrictions. Chinese wales is another matter.

Effectively a vaccine would see this, resume to profitability pretty quickly. The risk is no vaccine and years of partial lockdowns and reduced crowds etc.

Worth a buy in mid $8s or below for a medium term play. Although I always hold these as a part of a diversified earnings strategy. It’ll always earn money, just not in a viral pandemic!!! Who would have thought this would happen though.