Still depends on the Coroners Report and any remaining material to be released in regards a police investigation and or the safety audit.
Can't see it impacting the price too much more as it was not the whole earnings of Ardent but the flow on effect will be lasting and there needs to be some internal redressing of matters given how they were handled up to and during the sad event, even with cursory warnings leading up to the event.
Still got it on watch with no rush to support it at this point as it is unknown whether any legal actions against them will be lodged on top of everything else. Also suspect Ardent will be thinking about ejecting the whole complex from their portfolio and maybe Merlin Entertainment is sniffing around in the background for a cheap acquisition.
AAD Price at posting:
$2.01 Sentiment: None Disclosure: Not Held
