Why do retail buy this dog stock?, page-16

"Worth many times" - what does that mean? Worth many times a chuppa chup?

Those theme parks sit on undeveloped bushland zoning, not residential zoning. p49 of the 2019 FY report say " the book value of Dreamworld and WhiteWater World is $96.1 million at 25 June 2019." The land value would be less than 33% of that.

So if you get that capital return from the Main Event sale, and all debts paid, you have a Market Cap of ~220M for assets with a book value of $100M plus the Skypoint property.($30M?). A fair sized shortfall. Excluding Skypoint, those assets seem useless as the Theme parks dont make money, they only bleed money, even after the state Govt subsidies they get.

Even with Main Event's profitability, they show a $141M loss for the last 10 years. Wouldnt be surprised to see a divestment sale coming soon . New owners required to kill off the Whitewater Rapids fatalities albatross. I used to go on that ride quite a bit myself - not anymore though.