ALG will retrace to previous pre-covid highs of $1.61. That is a given. I've been mentioning it in previous posts, some people listened, some people ignored.
All its US equivalents already have (NASDAQ: PLAY, NASDAQ: FUN, NYSE: SEAS, NYSE:SIX). The value of ALG's property assets has appreciated dramatically due to the recent property boom (as a result of inflation).
ALG's business has been steadily expanding over the course of 2020, with new centres opening in the US and new theme parks and attractions in Australia. ALG also obtained a huge investment from Redbird Capital that valued the US business alone at basically $414M AUD (during the COVID phase). ALG is also de-risked from the dreamworld incident, as that has been effectively resolved. They are very well funded through the QLD government too and Redbird, interest rates are at an all-time low.
There aren't many obvious money-making plays in a lifetime, but this one certainly is. The COVID crash will likely never happen again, and with it the low hanging fruit such as ALG. Picking winners is hard, especially in a stagnant market, and very rarely ever does one get such an obvious opportunity like this. It won't come again.
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Last
48.0¢ |
Change
-0.010(2.04%) |
Mkt cap ! $218.0M |
Open | High | Low | Value | Volume |
48.5¢ | 49.0¢ | 48.0¢ | $161.9K | 333.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 138386 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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49.0¢ | 59271 | 4 |
View Market Depth
No. | Vol. | Price($) |
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3 | 138386 | 0.480 |
3 | 54470 | 0.475 |
3 | 45458 | 0.470 |
5 | 73256 | 0.460 |
1 | 50000 | 0.455 |
Price($) | Vol. | No. |
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0.490 | 59271 | 4 |
0.500 | 32021 | 3 |
0.505 | 75422 | 3 |
0.510 | 32400 | 1 |
0.515 | 54000 | 1 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
48.0¢ |
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Change
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Open | High | Low | Volume | ||
48.5¢ | 49.0¢ | 48.0¢ | 36534 | ||
Last updated 15.59pm 06/05/2024 ? |
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