Sounds a bit short sighted to try to put the company in play when as K Capital said "“For a relatively high fixed cost business, the failure to recover anywhere near financial year 2016 attendance levels is a major problem.”
There may be value in seeing if there's interest, but I'd imagine any potential strategic buyers would not be valuing the theme park at a 2016 level attendence. It's better to re-invest in the asset and see it turnaround THEN try to sound out interest.
In 2016, Dreamworld was wildly underinvested with no significant new rides in the past 5 years or so, yet attendance levels were still high due to their reputation as a premier theme parks. Turning around a reputation takes a long time. However, there are definitely green shoots coming with their Steel Taipan and Sky Voyager seen as great rides and Dreamworld benefiting from Movieworld's insane wait times.
I think the current management's plan is a good one and re-investing into the business is the most important thing right now. It would be a shame to stop the re-investments and continue to cede market share.
- Forums
- ASX - By Stock
- CEH
- Ann: Response to letter to Ardent shareholders
Ann: Response to letter to Ardent shareholders, page-4
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CEH (ASX) to my watchlist
(20min delay)
|
|||||
Last
44.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $192.1M |
Open | High | Low | Value | Volume |
44.5¢ | 45.0¢ | 44.5¢ | $122.3K | 274.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16901 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16901 | 0.445 |
4 | 44410 | 0.440 |
5 | 124283 | 0.435 |
7 | 156181 | 0.430 |
1 | 20000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 1000 | 1 |
0.455 | 35852 | 1 |
0.460 | 15000 | 1 |
0.465 | 9541 | 1 |
0.475 | 34030 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
CEH (ASX) Chart |