Ann: Ardent Leisure Group Half Year Financial Res, page-7

re: Ann: Ardent Leisure Group Half Year Finan... Have just been reviewing this result further.

Has smashed consensus estimates as taken from FN Arena (6 brokers):

Forecast FY11

EPS (cps) 11.4
DPS (cps) 10.8
PE Ratio 11.5

Evidence of good management (internalising is always a good thing!):

Met the market on theme parks (costs conscious consumers) -attendance up 41.3%; per capita spend -24.5%

New bowling centres made a strong contribution

Good capital management evident with more favourable debt facilities locked down. Excess land sale to provide $16.5 million in cash over next 12 months.

January theme park revenues up on pcp (+ 1.4%) is incredible considering extreme weather events