Ardent Leisure (AAD) looks to be in the sweet spot as a beneficiary of the falling the AUD

James Marlay
James Marlay Livewire Markets

Ardent Leisure (AAD) looks to be in the sweet spot as a beneficiary of the falling the AUD. The Company operates a number of domestic leisure and tourism destinations such as Dreamworld on the Gold Coast. Increased inbound tourism as well as the potential for local tourists to stay in Australia could provide a kicker for the business. Westpac (WBC) and BT Investment Management (BTT) have both lodged substantial shareholder notices in the past week and the recent share price performance has been strong. The Company recently confirmed the final distribution of 5.4c per stapled security.

Australia equities

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