Ardent is all about Main Event, although there is now new info re the property development at Dreamworld which could be a catalyst for a rerating upwards,
The entire Ardent portfolio will ultimately be broken up. They are not complimentary businesses and would benefit more from independent management and resourcing.
It doesnt make sense for an Aus company to have their largest business based in the states so I really think that ME will also be packaged up and sold, with Ardent to then cease trading.
AAD Price at posting:
$2.11 Sentiment: Buy Disclosure: Held
