Coast Entertainment Holdings Ltd

CEH: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$4.90	Mbyh	Bjljwps

Coast Entertainment Earnings: Wet and Wild at Dreamworld

Brian Han

Feb 23, 2024

Coast Entertainment's breakeven fiscal 2024 first-half normalized EBITDA is disappointing. It is becoming monotonous segregating one-off events negatively affecting performance. It dates back to the 2016 Dreamworld tragedy, through covid-19, and to current economic uncertainty hitting discretionary spending and cost inflation. We can now add abnormally bad weather to the mix, wiping out robust visitation growth prior to storms wreaking havoc at Christmas and New Year.

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