Ardent Leisure Group is a trust established to acquire and invest in leisure and entertainment properties in Australia. The Trust’s property portfolio comprises theme parks, bowling centres, and health clubs as well as a portfolio of family entertainment assets in the United States.
AAD has enjoyed an extraordinary run in the past few years, tripling from around $1 to its current levels.
The recovery has been driven by consistent revenue and profit growth, as the company reaps the benefits of growing its gyms business in Australia as well as its entertainment centre business booming on the back of an economic recovery in the US.
The company’s most recent results saw the stock pop higher in August, before consolidating above $3.
AAD is now poised to break through this consolidation zone, and we are looking to jump on board if the stock can break out.