
New display name
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Everything posted by New display name
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Dreamworld’s Ocean Parade Expansion 2023
New display name replied to themagician's topic in Theme Park Discussion
It passes the bar test for what it is but fake rock is over done in the theme park industry. Whenever they have a empty space they don't know what to fill it with they fill it with fake rock. -
Walt Disney Studios - 18/19th of July 2023
New display name replied to Gazza's topic in Theme Park Discussion
It would sound French and English.🤣- 10 replies
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Removal of virtual queue at VRTP?
New display name replied to DaptoFunlandGuy's topic in Theme Park Discussion
Many Theme Parks priorities have moved from creating a great experience, so you want to spend your money to fleecing you at the gate to make a profit.- 33 replies
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Dreamworld’s Ocean Parade Expansion 2023
New display name replied to themagician's topic in Theme Park Discussion
This guy. The octopus looks good coming out of its cave. -
Luna parks wooden wild mouse future
New display name replied to REGIE's topic in Theme Park Discussion
Even the pre-shows in those days were better than what HWSD is today and you don't need a survey to tell you that.- 123 replies
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If DF is the first ride you experience when you enter DW the quickest route to get to is will be walking past SV
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MW?
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Dreamworld’s Ocean Parade Expansion 2023
New display name replied to themagician's topic in Theme Park Discussion
Picoplay love their fake rocks. -
Luna parks wooden wild mouse future
New display name replied to REGIE's topic in Theme Park Discussion
RMC aren't calling it a mouse coaster and are selling it as a replacement to an aging mouse. That is why RMC are calling it a Wild Moose and not a Wild Mouse.- 123 replies
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Sounds like a pyramid. 🤣
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To be fair, the Flash has been waiting 16 years to be installed at MW.😜 DW had to wait for the QLD government to pay the koala's rent?
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The ride has been sitting in shipping containers at DW for months waiting for foundations to be completed.
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Dreamworld’s Ocean Parade Expansion 2023
New display name replied to themagician's topic in Theme Park Discussion
Presentation. 🤦♀️ -
Ardent Leisure is claiming it's moving ahead with re-zoning the land where Dreamworld is located. I've searched and can't find any application to re-zone the land. Ardent's presentation gives very limited information on the details of the new zones to be created, but once the application is available for viewing, I'll post the details of each new zone to be created. But for now, a mixed zone purpose in the code is for the use of a mix of activities, including business, retail, tourist accommodation. associated services and low impact industrial use.
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More concept drawings from Ardents F23 results. DW say, they still have more attractions to announce for other parts of the park.
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Dreamworld - Kenny & Belinda's Dreamland Updates
New display name replied to Ogre's topic in Theme Park Discussion
This has nothing to do with the Dreamland upgrade @Brad2912 -
Dreamworld’s Ocean Parade Expansion 2023
New display name replied to themagician's topic in Theme Park Discussion
DW''s latest concept drawings taken from the FY23 results prestation. -
This statement is still true.
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Save your 5 bucks. It will be a race for the theme park youtubers to show it on their channels.
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Village have a MCU approval for a hotel but no approval to build a hotel. Village haven't submitted an application to build the hotel. Village have a MCU to build cabins at Paradise Country, Village have an MCU for on offsite car park and Village have never lodged an application to build any of them..
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A battle is brewing for control of Dreamworld theme park owner Ardent Leisure with activist investor David Kingston requisitioning the company’s share register to drum up discontent over what he claims is poor performance by management. Mr Kingston has written to Ardent shareholders demanding that the company return its $141 million of idle cash via a buyback to support its ailing stock price, or alternatively, a straight capital return. He also wants Ardent to actively pursue merger and acquisition options, or a sale of key assets including its land. Ardent issued a profit upgrade on July 10, which Mr Kingston said happened after he requisitioned the share register. In that update, Ardent said it would deliver its best performance since financial year 2016, when four people were killed on one of the key attractions at Dreamworld. Earnings before interest, tax, depreciation and amortisation excluding one-offs would roughly be at breakeven for the full year. But Mr Kingston said the visitation was only 1.2 million visitors in financial year 2023 – half the visitors recorded in 2016. “In financial year 2016, Ardent’s theme parks were successful with attendances of 2.4 million visitors, which provided the necessary revenue to deliver EBITDA of $35 million,” he said. “For a relatively high fixed cost business, the failure to recover anywhere near financial year 2016 attendance levels is a major problem.” Mr Kingston said Ardent’s $230 million market capitalisation implied its parks and surplus land are valued at only $57 million, after deducting the $141 million in cash and a $32 million valuation on its Skypoint Tower, and adding back the $50 million in capital expenditure management have committed to putting into the business. He said the current management team had failed to deliver on promises made to turn the company around when they took over in 2017. “Six years later, that cited opportunity has failed to materialise by a massive margin – maybe the chairman’s 2017 plan itself comes from a ‘dream world’,” Mr Kingston said. Ardent hit back, saying Mr Kingston and Charles Kingston’s K Capital own less than half a per cent of its shares, many of which were accumulated over the past month. It will continue to assess options to return capital to shareholders, as well as work with the Queensland government on park development opportunities. Ardent chief executive Greg Yong said there was no need to rush any M&A ahead of securing the approvals. “Our view is that’s the first step in us unlocking that value. We want to do that as expeditiously as we can, but we’re not in a hurry to rush out and sell off land. The land is not getting any less valuable in this part of the world,” Mr Yong said. In his letter, Mr Kingston compares Dreamworld’s performance with that of Movie World and Sea World owner Village Roadshow, which was acquired by private equity outfit BGH Capital in 2020 and subsequently delisted. Parts of the land on which the Village parks sit were sold and leased back to unlock value for investors. “[It is] bizarre that in the second half of 2023, Ardent delivered zero EBITDA, which is burning cash post-maintenance capex and head office costs, when its peer Village Roadshow parks is performing strongly,” Mr Kingston said. But Mr Yong, who previously worked at Village, said it was difficult to substantiate any comparison to the now-unlisted competitor, which has not published accounts. Mr Kingston emphasised his role in having helped to broker BGH’s acquisition of Village Roadshow, saying other private equity outfits including Blackstone and Pacific Equity Partners saw value in the theme parks sector. Former Village Roadshow executive John Kirby is also on the Ardent register. Mr Kirby sold some of his holding in Village Roadshow after its acquisition, and has not been a part of its operations since he was sidelined when his nephew Clark Kirby took up the role as chief executive after a bitter family feud in 2019. (Ayesha de Kretser Financial Review) Is the the start of the end for Ardent Leisure?
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Yesterday was the proper vote. The vote before was the vote before the vote.