dbo121
-
Posts
105 -
Joined
-
Last visited
-
Days Won
1
Posts posted by dbo121
-
-
7 hours ago, Baconjack said:
There's bigger fish to fry at the park. Dreamworld only have so much money in the budget, I'd rather that money go towards a renovation of Motocoaster rather than re-opening a ride that's got 6 months left at most before it gets moved.
It’s being replaced with new version and not removed .
If it was a decision based on cash alone I don’t think they would bother either . Is it there last original attraction? I’m guessing they see it as being upgraded / replaced so that may play into it re the old version not coming back now . -
1 hour ago, Baconjack said:
If that’s true then what is the point of making the effort to re open it then if it’s all going to get demo’d in a few months?
Reckon we might see vintage cars closed until Rivertown opens
Surely if they are true to attempting rebrand to nostalgia they will allow a last hurrah with these cars !
Will never see them again in operation .
just have to remove the damaged roof .
-
32 minutes ago, red dragin said:
Both water parks would have to get the water back within standards range as well. All that debris and rain water will have thrown the balance out.
Yeah .. I don’t think it’s the power . More likely that and filtering etc . Explains wnw at same time which they openly say
-
8 hours ago, red dragin said:
Could be damage to specific electrical infrastructure at White Water World.
It could also draw from a different grid to Dreamworld.
I would think it’s on same grid external . Could be an internal issue but i wonder if it has something to do with getting all resources to focus on dreamworld safety testing but they just don’t want to say it ! .
-
Does it make sense ? Power outage at whitewater world ? But dreamworld no issue ?
-
19 minutes ago, DaptoFunlandGuy said:
Is that duct tape though?
What I can see are the pads attached to beams that are in proximity to the train, which are fastened on the back with fairly wide straps. That's what I can see here, not duct tape.
Well if it quacks like a duck.. no it looks like a strap but it is not consistently elsewhere . Appears temporary and should have been removed prior to opening .
Time will tell if it disappears…
-
So how much money, talks of safety and this has duct tape on it still ? I find this very funny but questionable. For example in weather could start deteriorating and cause a hazardous situation.
-
On MW I sense the private equity owner will extract as much value as possible whilst minimising capex.
This happened to DW when Macquarie leisure trust took ownership . A quick bang for buck and return on equity rather than a longer term vision where it became unstuck.
This all runs in cycles and depends on how much they are generating over their perceived cost of capital ( which they can deploy back in ). Of course they can borrow money but balance sheet positions post covid are not in the best shape .
-
If this is a fair story I would expect it to cover the green lantern manufacturing fault. When you ride these machines you trust the manufacturer as well as the operator. Will it be mentioned or ignored ?
-
there Is about 80m cash on hand post refi as at April . They have the cash for a little while but would be running a finer line if do discretionary construction spending whilst not operating . So prudent to hold off .
-
They are in the media .. perhaps to put more pressure on a state government loan ?
Is zero debt facilities correct? With cash reserves dwindling by 10 m per month ardent will be insolvent soon enough . One would expect a capital raising soon or administration .
-
This ride had issues with its balance on boat limiting capacity of people on it . Frequently got stuck.
-
2 hours ago, Spotty said:
May as well just keep Vortex closed until December now (if they are still building Leviathan) and open the pair of rides up for Xmas holidays together. Double whammy if you ask me. With the park fully closed to guests, it would be easier if you ask me to get a heap of construction done I guess. Here's hoping
You said if . Not happening as planned I bet. At least not on original timeframe
-
You are right about dcr but now paid out as per the vrl accounts. Yes there is one contract (purchase or lease) for track and another for construction . Should be able to source that info on ardent accounts. I’ll take a look . The track is saleable if purchased outright in current state and a discounted price probably . Best case the construction will just be put on hold to a later date.
-
For the years ahead . They have probably already made payments towards coaster itself or was it leased ? That is unless they were smart enough to put a market disruption clause in that contract
-
Postponed indefinitely...Be thankful to get a coaster before wishing for landscaping !
-
This ain’t happening any time soon. The biz has negative cash flows and zero revenue
-
16 hours ago, MickeyD said:
Yip I hear you @Brad2912. As someone who has been part of the Flight Centre Travel Group for the last 15 years, I don't need to tell you how south things have gone there these last couple of weeks. It's hard to keep positive in this shit show of a world we live in right now. Even Disney have reportedly suspended projects at this stage. Disney of all business!
Oh and a little tip - might be worth checking your Superannuation. Just this week I had lost over 40k in a matter of a few days. If you have a super fund that has been heavily investing in the Stock market (like mine was) you might want to change it over to cash before you lose anymore!
I am most certainly not the only person out there who has copped this, just some friendly advice 😀
Mate u need to see a financial advisor to get some advice on finance 101
29 minutes ago, AlexB said:Not quite. Qantas executives are taking NO pay, not REDUCED pay.
given the remuneration in the VRTP annual report I’m sure all the executives can afford to forgo their salary for the rest of the financial year.
If you’re not retiring anytime soon, seek some advice before acting. If you ditch the stock strategy, the fund will ditch the stock, making a permanent loss.
when stock prices go up, you won’t be holding them. If you retain the shares in the fund (by staying in a stock strategy), when they go up (and most of them will) your losses will reduce.
best advice: before changing super strategies, seek financial advice from a professional advisor.
What’s crappy here is the board only taking a 30 per cent cut at qantas . Time for some people to take one for the team
-
17 minutes ago, AlexB said:
One would think if he was that kinda guy he’d have left when all the others did.
Don’t always believe how it’s presented externally . So trusting
-
Dreamworld have more to worry about then a roller coaster at moment.
-
Resigned or pushed out due to cost?
-
Delete
-
Did someone say delays...If a construction company pulled out surely a breach of contract which would come at a cost unless there was some sought of a termination clause which could include quote variations or regulation requirements etc etc .
-
6 hours ago, Skeeta said:
Because it took forever for Brogent Technologies to supply DW with the documentation WPHS required. (DW said this a while ago).
Thanks .. perhaps dreamworld outsourced these requirements to appease wphs to brogent ? It’s typical. ( ie transurban outsources development risks to contractors by seeking fixed price contracts ) As a result of delay there may have been a financial compensation arrangement perhaps. This may not of been under dreamworlds control.
Boxing Day 2023 Parks CLOSED
in Theme Park Discussion
Posted · Edited by dbo121
Grammar
Speculation re ride vehicle but agree . One vehicle alone would not stop a reopening . They wont bother given other damage.
Sad ending to the historical cars . I have no nostalgia for the current track in its location . Only the cars and their sound as you accelerate . The track at new location could never compete with the old one, which moto coaster took over. I recall the characters that randomly appeared at times on it before the 2000s ( convicts / police and even Goldie the clown at times ) . Created a good vibe .
One day a car broke down in the track . My father restarted it ( was like a motor mower ) as the younger operator struggled ) . Good memories.