From The Bull
Operates leisure and entertainment assets, such as Dreamworld and Kingpin Bowling lounges in Australia. It also operates in New Zealand and the United States. The timing of the Easter holidays, recent good weather and improving profit margins will underpin theme park earnings. Further expansion of its highly successful Main Event business in the US offers potential upside for growth.
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Seems the market reaction saw a spike and a little sell down. Has had a good run up of late, and probably needs to digest a bit around here. Numbers were good, especially from Main Event, perhaps our relative P/E expansion now means investors were seeking more of a total earnings upgrade. Still a nice future, and happy that it has held up around here given the recent AUD strength and general market weakness
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