Australian (ASX) Stock Market Forum

CEH - Coast Entertainment Holdings

Jump to new
I've glanced back in this thread after reading comments on AAD from a weekly email I receive from Wilson Asset Management.

This thread contains a great post from @skc . I think it's a classic and I'd love to see move of them if he cares to share. We didn't have the "like" option then but this post is worth heaps of them. If skc sees lots of likes coming up then he might be encouraged to share more comments like these.

The post I liked was this one.
https://www.aussiestockforums.com/threads/aad-ardent-leisure-group-stapled.18267/page-3#post-890099
 
peter2 said:
I've glanced back in this thread after reading comments on AAD from a weekly email I receive from Wilson Asset Management.

This thread contains a great post from @skc . I think it's a classic and I'd love to see move of them if he cares to share. We didn't have the "like" option then but this post is worth heaps of them. If skc sees lots of likes coming up then he might be encouraged to share more comments like these.

The post I liked was this one.
https://www.aussiestockforums.com/threads/aad-ardent-leisure-group-stapled.18267/page-3#post-890099
Click to expand...

Thanks for the love, Peter.

To me there are 2 ways to trade - you can follow the price action, or you can be the ones who create the price action that others follow.

However, I don't think this kind of play can be learned in a hurry. I had been trading full time for 7 years before I evolve to started using such approach.
 
I understand from media reports that the findings from the inquest into the 2016 Dreamworld tragedy are to be handed down later today.

I've nothing further to add, just drawing it to attention - depending on what's said there may be some market reaction but given media coverage I'm assuming that a "guilty" finding is already priced in. :2twocents
 
Smurf1976 said:
I understand from media reports that the findings from the inquest into the 2016 Dreamworld tragedy are to be handed down later today.

I've nothing further to add, just drawing it to attention - depending on what's said there may be some market reaction but given media coverage I'm assuming that a "guilty" finding is already priced in. :2twocents
Click to expand...
Well they certainly copped some criticism.
https://www.abc.net.au/news/2020-02-24/dreamworld-accident-inquest-coroner-findings/11993742
From the article:
Mr McDougall told a Brisbane court Dreamworld had a reputation as a "modern, world-class theme park" yet its safety and maintenance systems were "rudimentary at best".

He said there had been a "systemic failure by Dreamworld in relation to all aspects of safety" and that he was referring parent company Ardent Leisure for possible prosecution.

"[There were] frighteningly unsophisticated systems in place at Dreamworld," Mr McDougall said.

"It was simply a matter of time. That time came on October 25 [2016]."

The coroner said there was no proper engineering oversight, nor were any holistic risk assessments ever conducted on the Thunder River Rapids ride.

"Whilst there were various occasions … hazard identification risk assessment should have been triggered … this was never done," he said
"Owners should be risk-averse. That was not the case with respect of [this ride]."

"Dreamworld placed significant reliance on ride operators to identify risks of issues.

"It is unfathomable that this serious and important task fell to staff … who didn't have the requisite qualifications or skill sets to identify such risks."

Mr McDougall said "shoddy record keeping" was a significant contributor.

He said it was unclear why basic engineer controls — such as a water level monitor — were not installed on the ride.

He concluded a basic automated detection system would have been inexpensive.
Mr McDougall said he would refer Dreamworld's parent company, Ardent Leisure, to the Queensland Office of Industrial Relations.
He said Ardent Leisure "may have committed an offence under workplace laws".

"Whether there is sufficient evidence to proceed to prosecution is [a matter for them]," he said.

He said he would also refer his findings to the Board of Professional Engineers Queensland.
 
..and it's copped a hammering since the report. Down from 1.41 to 99c as of yesterday.

Their half year reports on the 21st weren't that bad. Dreamworld are an enigma, don't know what happened there really but I did some work there some years back and they had the best maintenance facility in the business, far better then Sea World/Movie World etc. Things must have changed over the years.

Stocks like these can often come back on the bounce. Perhaps one is in store for ALG in March so I'll give it the nod for the tipping comp. If it gets back to it's 1.41 I'll be doing ok.
 
https://au.finance.yahoo.com/quote/ALG.AX?p=ALG.AX

https://www.asx.com.au/asxpdf/20200318/pdf/44g550c4y9d3bk.pdf

https://www.asx.com.au/asxpdf/20200317/pdf/44g48779nqq81r.pdf
https://www.asx.com.au/asxpdf/20200313/pdf/44g1cwg1qlm7c1.pdf
https://www.asx.com.au/asxpdf/20200224/pdf/44fd4p502c38xh.pdf


with Corona, travel and social exclusion, it does not appear to be happy days returning any soon for ALG. Their stars are just not favouring since the massive accident (?) happened and now it all adding up. Love the dreamland but not its stocks - sorry.
Probably it will be an ideal tip for me in April tipping unless @Parse wants to repeat his betting in April too. Please speak out
 
I thought we were trying to pick the worst stock for March! If that was the case I would be an easy winner.

I'll leave it to you for April, Miner. I'll find something else that will most likely tumble :)
 
Parse said:
I thought we were trying to pick the worst stock for March! If that was the case I would be an easy winner.

I'll leave it to you for April, Miner. I'll find something else that will most likely tumble :)
Click to expand...
Thanks @Parse .
I will let you pick ALG for May tipping selection if ALG continues its flow in April as well. :)
 
surprisingly ALG is a buy (17 March report extract) by Citi- just sharing. DNH. Excepting Tipping at this point has no interest or putting my money into a hole -with all interstate planes are not flying, international planes are not travelling - who will come there in next 3 months ? Where the existing staff will be in next 3 months ? When good time returns, who would manage the show - nothing before Nov 2020 in my opinion to become black
upload_2020-3-25_21-36-32.png
 
My June pick for the tipping competition
Goodlife Gyms
ARD has 86 gyms in four states in Australia, and with the lifting of restrictions, gym members will be returning. Hopefully not too many members will be lost to having set up their own home gyms, but many will return. This should start happening in Stage 3 of the plan so July will be a key month for Goodlife Gyms
Main Event
The Main Event in the US is impacted by several States announcing plans that ease shelter-in-place restrictions and allow businesses to re-open contingent upon certain requirements. As it relates to States in which the Company operates, officials from Georgia, Oklahoma, Texas, Missouri, Ohio and Florida have recently communicated re-opening plans. Based on current guidelines, the Company anticipates that it may be able to re-open 23 or more centres (representing over 50% of the total system) during the month of May 2020, subject to strict social-distancing guidelines as well as limited offerings at each venue. It is too early to predict the level of trading once the centres re-open due to reduced offerings, capacity constraints, and expected slow recovery of overall consumer demand. See the table below for a breakdown of the number of centres by State.
Dreamworld
Dreamworld can only look at other theme parks to see how they get started. Disneyland in some parts of the world have reopened or are planning to reopen in the next few months. Depending on the Queensland Government requirements, planning to open ready for and Australian spring is likely
Skypoint
Will be a matter of Queensland Government restrictions to be met which will allow Skypoint to reopen. Would expect it to be soon with the appropriate restrictions in place

Iggy
 
Iggy_Pop said:
My June pick for the tipping competition
Goodlife Gyms
ARD has 86 gyms in four states in Australia, and with the lifting of restrictions, gym members will be returning. Hopefully not too many members will be lost to having set up their own home gyms, but many will return. This should start happening in Stage 3 of the plan so July will be a key month for Goodlife Gyms
Main Event
The Main Event in the US is impacted by several States announcing plans that ease shelter-in-place restrictions and allow businesses to re-open contingent upon certain requirements. As it relates to States in which the Company operates, officials from Georgia, Oklahoma, Texas, Missouri, Ohio and Florida have recently communicated re-opening plans. Based on current guidelines, the Company anticipates that it may be able to re-open 23 or more centres (representing over 50% of the total system) during the month of May 2020, subject to strict social-distancing guidelines as well as limited offerings at each venue. It is too early to predict the level of trading once the centres re-open due to reduced offerings, capacity constraints, and expected slow recovery of overall consumer demand. See the table below for a breakdown of the number of centres by State.
Dreamworld
Dreamworld can only look at other theme parks to see how they get started. Disneyland in some parts of the world have reopened or are planning to reopen in the next few months. Depending on the Queensland Government requirements, planning to open ready for and Australian spring is likely
Skypoint
Will be a matter of Queensland Government restrictions to be met which will allow Skypoint to reopen. Would expect it to be soon with the appropriate restrictions in place

Iggy
Click to expand...
@Iggy_Pop mate. You will probably win the comp.

I hate in order Gyms, Main events, Dreamworld and Heights.

This is a good pointer to a stock that will do well on fundamentals as nobody else does hate them.

gg
 
Iggy_Pop said:
My June pick for the tipping competition
Goodlife Gyms
ARD has 86 gyms in four states in Australia, and with the lifting of restrictions, gym members will be returning. Hopefully not too many members will be lost to having set up their own home gyms, but many will return. This should start happening in Stage 3 of the plan so July will be a key month for Goodlife Gyms
Main Event
The Main Event in the US is impacted by several States announcing plans that ease shelter-in-place restrictions and allow businesses to re-open contingent upon certain requirements. As it relates to States in which the Company operates, officials from Georgia, Oklahoma, Texas, Missouri, Ohio and Florida have recently communicated re-opening plans. Based on current guidelines, the Company anticipates that it may be able to re-open 23 or more centres (representing over 50% of the total system) during the month of May 2020, subject to strict social-distancing guidelines as well as limited offerings at each venue. It is too early to predict the level of trading once the centres re-open due to reduced offerings, capacity constraints, and expected slow recovery of overall consumer demand. See the table below for a breakdown of the number of centres by State.
Dreamworld
Dreamworld can only look at other theme parks to see how they get started. Disneyland in some parts of the world have reopened or are planning to reopen in the next few months. Depending on the Queensland Government requirements, planning to open ready for and Australian spring is likely
Skypoint
Will be a matter of Queensland Government restrictions to be met which will allow Skypoint to reopen. Would expect it to be soon with the appropriate restrictions in place

Iggy
Click to expand...
I'm pretty sure they sold the Goodlife gyms back a few years ago!
 
On December 18th, 2023, Ardent Leisure Group Limited (ALG) changed its name and ASX code to Coast Entertainment Holdings Limited (CEH).
 
Top