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47.5¢ coast entertainment holdings limited

Why do retail buy this dog stock?, page-20

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Tremonti17

184 Posts.

105

29/06/22

11:37

Post #: 62268991
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Originally posted by Load: ↑

"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.

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You have forgotten the $152.9m that the company will have in cash. Around 32 cents per share.
95c return plus 32c = $1.27.
Depends on how the Theme park goes in future but the Gold Coast seems to be getting back on track. Earnings?

ALG Price at posting: $1.36 Sentiment: Buy Disclosure: Held
1 Upvote

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(20min delay)
Last 47.5¢		Change -0.005(1.04%)		Mkt cap ! $215.8M

Open	High	Low	Value	Volume
48.5¢	49.0¢	47.0¢	$77.52K	162.6K

Buyers (Bids)

No.	Vol.	Price($)
4	41416	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
47.5¢	2	1

View Market Depth

No.	Vol.	Price($)
4	41416	0.470
2	103775	0.465
5	85216	0.460
1	50000	0.455
3	31054	0.420

Price($)	Vol.	No.
0.475	2	1
0.480	55306	3
0.490	217224	2
0.495	48981	5
0.500	263379	9

Last trade - 16.10pm 27/06/2024 (20 minute delay)

CEH (ASX) Chart