Australia's largest stock trading and investment forum Australia's #1 stock forum

CEH

Click for more information

0.53%

47.8¢ coast entertainment holdings limited

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

First 20 Last

Share
Profile

Follow
Tremonti17

183 Posts.

105

29/06/22

11:37

Post #: 62268991
Share

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.

Expand

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

0 Great analysis

Reply

There are more pages in this discussion • 23 more messages in this thread...

First 20 Last

Add CEH (ASX) to my watchlist

(20min delay)
Last 47.8¢		Change 0.003(0.53%)		Mkt cap ! $216.9M

Open	High	Low	Value	Volume
48.0¢	48.0¢	47.5¢	$34.70K	72.31K

Buyers (Bids)

No.	Vol.	Price($)
6	128235	47.5¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	3047	8

View Market Depth

No.	Vol.	Price($)
6	128408	0.475
6	30938	0.470
2	8900	0.465
4	68706	0.460
2	56750	0.455

Price($)	Vol.	No.
0.480	3024	7
0.485	33325	6
0.490	120596	5
0.495	96166	4
0.500	329017	9

Last trade - 10.45am 17/06/2024 (20 minute delay)


Last 48.0¢			Change 0.003 ( 0.95 %)
Open	High		Low	Volume
48.0¢	48.0¢		48.0¢	2763
Last updated 10.45am 17/06/2024 ?

CEH (ASX) Chart