Our opinion on Ardent Leisure (ALG)

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 18/09/2021

Our opinion on Ardent Leisure (ALG)

Hi James,

Do you have an opinion on Ardent Leisure (ALG) please. Would they be more likely to be one of the early recipients when the restrictions are lifted and we are allowed to travel within Aust?

Cheers

Rick

Answer

Hi Rick,

The amusement park operator Ardent Leisure Group (ALG) has rallied strongly over the last 18-months on the prospect of people enjoying travel within Australia and in many cases at the expense of overseas destinations. ALG was in fact one of the markets best performers in August following an excellent report which saw the shares rally over 50% however the stock already has plenty of good news built into its price and MM is currently neutral around the $1.50 area.

chart

Ardent Leisure Group (ALG)

LAST UPDATED 17/09/2021 16:52

Latest Reports

Weekend report 27/04/2024

Weekend Q&A: Strong inflation crushes hopes of a rate cut in 2024

Afternoon report 26/04/2024

The Match Out: ASX (nearly) gives up week’s gain in tough Friday session

The local market dropped ~100 points on the open, failing to see any reprieve following two weaker sessions out in the US since our close on Wednesday. After dropping back below 7600 the index traded in a reasonably tight 30-point range for the rest of the session, failing to join in on the rally across the region and what’s showing on the US Futures ahead of their Friday session. BHP managed to take 31pts off the market alone today, weakness coming after they lobbed an all scrip bid for Anglo American (AAL LN). Despite the soggy end to the week, the ASX200 finished marginally higher, +8pts / +0.11%.