Thank you for the info.  I was wondering due to the plunge in share price that something may have happened today.

There's nothing really sudden that seems to have happened, the volume on the inquest findings (the marked point is the trading day before the inquest findings were handed down) was up a lot on the week prior, and you can see that volume has continued.

Its possible some investors held onto their shares for a little while to see if the stocks would recover, and when they've continued to tumble, it has encouraged more to offload their shares. Nothing much else has hit the news since the findings, just echo stories and sub stories like the AWU banging their drum.

Latest share pricing.

ARDENT LEISURE GROUP LIMITED   -  0.58

VILLAGE ROADSHOW LIMITED -  3.16

Is this a good time to buy shares in Ardent?

 

 

 

that depends.... do you think it's likely to go up?

19 minutes ago, AlexB said:

that depends.... do you think it's likely to go up?

That's why I'm asking?

Well, I don't think anyone can be sure, and I think thats why they call it speculating...

On 06/03/2020 at 2:44 PM, AlexB said:

Its possible some investors held onto their shares for a little while to see if the stocks would recover, and when they've continued to tumble, it has encouraged more to offload their shares. Nothing much else has hit the news since the findings, just echo stories and sub stories like the AWU banging their drum.

There’s this small tourism and leisure killer called Coronavirus. 

Edited March 9, 20205 yr by westical
Can’t speel

The market on the whole has experienced huge losses in recent weeks so that's what we're seeing with Ardent to some extent.

Few examples however have been as dramatic as Ardent. They've slashed about two-thirds of their market cap in the past month and they're one of the 'biggest losers' on the ASX in 2020.

Inquest findings and growing coronavirus fears obviously play into it but inquest findings are not unforeseen and Ardent's share price losses outpace the rest of the market amid coronavirus uncertainty.

Remember too that investors at the time of the accident completely wrote off Dreamworld in share price losses. Ardent also wrote down its book value of Dreamworld to the point where the land is presumably worth more than the entity. Dreamworld's value to investors is strictly in terms of potential, not performance.

The half year results were not great. Main Event is floundering in a supposedly flourishing US economy. That business hit a wall several years ago and seems lifeless as ever of late. Dreamworld saw a 2.9% attendance growth off the back of Sky Voyager and a concerted effort at special events. That kind of negligible growth from historic lows following major investment and a more focused marketing strategy than we've seen in years is a big red flag and I wouldn't be so quick to say that the park is back on track because they've painted a few things and held some nice events.

It looks like there are wider confidence issues surrounding Ardent Leisure.

Three years ago a property developer and a corporate raider joined forces, bought up about 10% of Ardent and waged a public war to gain control of the Ardent board. Their pitch was that they knew how to fix Ardent with a three year plan to deliver $1 billion to investors. They got their board seats and now three years on about $700 million in market cap has disappeared. Their own investment in the company has lost them somewhere up near $70 million. On the plus side they've learnt a valuable lesson that just about anyone could have told them: you can't flip a theme park.

 

Anyway that's the short version of the article I would have written in recent weeks if I had the time/inclination. Just throw in a bit more sarcasm and some big words.

On 09/03/2020 at 10:47 AM, Skeeta said:

ARDENT LEISURE GROUP LIMITED   -  0.58

Is this a good time to buy shares in Ardent?

Nope

Let's be honest here for a second.  Just like I would never put my daughter on a ride run by an AL theme park, I would never buy an AL share.  Too much risk.

Gee I dunno at 52cents I reckon its worth a look.

 

Assuming they get through the next 2 years there's a lot of potential upside at that price. It's a pretty decent sized 'If' though.

4 hours ago, joz said:

Gee I dunno at 52cents I reckon its worth a look.

 

Assuming they get through the next 2 years there's a lot of potential upside at that price. It's a pretty decent sized 'If' though.

If you have a spare $500 to put down, I reckon it would be worth it - surely your odds would be significantly higher than say a night out at the Casino?

@jozbuying in at 52 cents would've been rushed in hindsight considering now they are 47 cents.

Yeah, well I bought Crypto, and lost big time on that, so I am up for another gamble.

Wait till they bottom out, buy a couple hundred bucks worth of shares. If it recovers, woo. If not, you didn't lose too much

2 hours ago, Skeeta said:

@jozbuying in at 52 cents would've been rushed in hindsight considering now they are 47 cents.

Who said anything about rushing. I said worth looking at. 47 cents its still worth looking at. Also I don't think I've ever bought anything that didn't go down in value the second after I bought it. Investing is a longer game than that though.

 

3 hours ago, MickeyD said:

surely your odds would be significantly higher than say a night out at the Casino?

I own shares in Star Casino because I think their project in Brisbane will do good, but bugger me I'd love if more people went to the casino because the Chinese aren't and those share prices not looking good lol 

 

Gteat.  Now I want to buy Star Shares.

I wouldn't be in any great rush, that's not going to come online for a few years yet and I can't see anything pushing them up in the meantime. On the upside it will be right next to a brand new train station when it does open.

This recession / down turn still has legs in it. Almost all shares (apart from maybe health services) will continue to drop until at least China is back on its feet.

17 hours ago, Skeeta said:

@jozbuying in at 52 cents would've been rushed in hindsight considering now they are 47 cents.

44 cents this morning with bids of 43.5

about to drop lower as soon as coronavirus hits. 

Already has hit a few universities

ASX has closed today with ALG closing at 39 cents

The problem is that I don't have enough on the sidelines right now. Webjet is rapidly approaching bargain territory, BHP and Rio are dropping like a rock. QANTAS has more than halved. These are companies that 100% will survivor, and give it 3 years they'll be back to where they were. Ardent are looking like a good speculative bet, but there's so many other sure things out there right now, and we're not even at the bottom yet!

@joz Ardent scares the hell out of me with its current share price and at what point do you call for last drinks?