Ardent Leisure (AAD) owns and operates a number of leisure focused facilities most notably Dreamworld and WhiteWater World on the Gold Coast. The stock has been highlighted as a potential beneficiary of a falling AUD and a recovery in the East Coast economy via business and consumer confidence. The Company today drew attention to a release from the QLD Government outlining a $15million plan to attract tourism to the Gold Coast. If the recent long weekend in Sydney and the masses that attended the Fleet Review is any indicator I would say tourism is well and truly back on the agenda for the eastern states. AAD has a mkt cap of around $750 milion and offers a yield of around 6.5%. Click through for the full media release (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.