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$1.49 ardent leisure group

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Quiono

693 Posts.

132

13/08/17

22:43

Post #: 26470380
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Originally posted by AGreenhorn ↑

I think they have made a lot of terrible decisions like their handling of the dreamworld incident and their monthly updated of the visitors. IMO there should be change, they are adding board members not removing and replacing them with cronies for Aradine. I don't think the remainder of the Ardent board will allow the new members to sell the real-estate to Aradine without a tender process for the highest bidder. I'm sure ASIC wouldn't allow that either.

Also with a 10% shared stake they have a lot of skin in the game. That is the volume of 37 of trading.
(Based of days to cover of 11% shorted shares http://www.marketindex.com.au/short-selling)

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The upper management that made a mess of handling the aftermath of the tragic accident have largely been replaced.

Ariadne (not Aradine) imo do not have the best interests of the majority of shareholders as a priority.

AAD Price at posting: $2.04 Sentiment: Hold Disclosure: Held
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