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Troy81

Ardent Leisure share price drops

49 posts in this topic

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

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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.

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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 by westical
Can’t speel
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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?

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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 

 

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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.

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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!

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