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$1.49 ardent leisure group

I sold out and join the shorter, page-4

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ROEROC

2,965 Posts.

70

30/05/17

14:09

Post #: 24992460
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Originally posted by nippa ↑

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.

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I think the dream world properties value has price in with the current run up, so it all about main event now
ARA bought in has different agenda for dreamworld asset, they are properties focus group, they can spin off dreamworld and sell to ARA

Dreamworld land probably worth 200-250m

Last edited by ROEROC: 30/05/17

AAD Price at posting: $2.10 Sentiment: Sell Disclosure: Held
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