Has Coast Entertainment given up on Whitewater world?

[franky]

2 hours ago, New display name said:

You're pulling numbers out of the air again.  A real number is my shares are down to .45c and it's been 8 years.

If you've owned them for 8 years you also got a payout / buyback after the sale during that period.

[New display name]

.94c a share?  Do you know how much the shares were worth before the accident?

[franky]

10 minutes ago, New display name said:

.94c a share?  Do you know how much the shares were worth before the accident?

No idea. Better than a poke in the eye though right?

[New display name]

No,  I would recover quicker from a poke in the eye 

[Michelangelo]

3 hours ago, New display name said:

my shares are down to .45c and it's been 8 years.

You really think opening WWW 7 days a week wouldn’t create more of a deficit??

I’m glad you’re not running the joint!

Sorry, forgot to add WWW having its own management and OPEX instead of sharing it with DW… yeahh that’s certainly the way to get your shares back up /s

[New display name]

Do you know how much money they are pumping into buying back shares?

[Michelangelo]

22 minutes ago, New display name said:

Do you know how much money they are pumping into buying back shares?

Maybe do some research into what share buybacks are and why companies do them…

Especially if you’re complaining your shares are down to .45 from the highs 8 years ago

[New display name]

They have been doing it for over a year and the price of a share hasn't moved.   The should have sunk the money into the WWW.

[Levi]

i mean he quite literally said they’ve been looking into WWW and the time will come soon. Dreamworld was in a much worse state then WWW was when Greg came in, but he still gave the park a full repaint and refresh in all areas of the park and it is still the superior of the two major water parks. it’s not going to be the end of the company because they haven’t added a new slide since 2021 (which is only 3 years), they’ve shown they know what they’re doing, so it really isn’t that big of a deal.

[themagician]

28 minutes ago, Levi said:

since 2021 (which is only 3 years)

*Fully 6 opened in 2019

But for comparison to WnW, they opened the Constrictor in 2011 and it took 10 years to open major new attractions, which were the replacements for Mach 5 (they did also add a couple slides to the kids area in 2014).

Greg did also mention in the interview that if they were to do a lazy river they would want to do something special because the competition has one and they don’t necessarily want to replicate what others have done.

I understand this perspective, but my option on it is if you just do a lazy river (maybe with a small rapids sections like the Victorian water parks have), do it well and make it the ‘best’ lazy river that would be enough because I’d argue people choose WnW over WWW purely because of the lazy river. I know people just go to WnW purely just to sit in the lazy river most of the day.

If WWW made the lazy river an oasis destination and you felt like you weren’t at a water/theme park, give it a decent length, add some elements like waterfalls, rock work, etc, it would be beautiful and be a stand out for that park.

And while they’re at it, build a new slide tower or two with attractions from ProSlide and they’ll be set for another decade.

Edited December 5 by themagician

[Levi]

1 minute ago, themagician said:

*Fully 6 opened in 2019

But for comparison to WnW, they opened the Constrictor in 2011 and it took 10 years to open major new attractions, which were the replacements for Mach 5 (they did also add a couple slides to the kids area in 2014).

lmao my bad i actually thought they opened same year as ST but realised they got announced same year.

but exactly, atleast they’ve refurbed and refreshed WWW, WNW was just left there to rot.

[DaptoFunlandGuy]

15 hours ago, New display name said:

You would think after 8 years, the park should be back to full trading hours.

8 years since the incident? or 4 years since the start of covid? How long since covid 'ended' ? And are you making allowances for the botched management decisions that only set them further back? like the adventure river? or the ampitheatre? what about the stupid effort they wasted seeing if mine ride could be reopened? 

The last management made a lot of dumb decisions. The current management are being sensible - and you aren't.

14 hours ago, New display name said:

You're pulling numbers out of the air again.  A real number is my shares are down to .45c and it's been 8 years.

Well, they did get down to 0.18 in March of 2020, and that was when they owned Main Event - so congratulations on more than doubling your share price AND getting an additional 94c per share payout!

11 hours ago, New display name said:

.94c a share?  Do you know how much the shares were worth before the accident?

No, google doesn't show me back that far. Do you know how much they were right before covid? (spoiler - $1.63 January 2020) And $1.41 right before they sold main event and paid you out.

See you want to point at how much money you lost in 2016. What you're not taking into account at that point is that your shares were worth so much because the management at the time were prioritising profits over safety and human life. They had engineering reports in their hands, and historic records of multiple incidents that occurred almost in the exact same way as October 2016 - and despite all that, they were actually petitioning the government for less regulation and more self inspections because they were such a safe operation. The inquest uncovered just how poorly that place was run, so when you complain about how much the share price has dropped since the incident, what you're actually saying is you'd rather kill people for profit. 

All your whining about how they're running the park makes so much more sense now. 

[New display name]

1 hour ago, Levi said:

lmao my bad i actually thought they opened same year as ST but realised they got announced same year.

but exactly, atleast they’ve refurbed and refreshed WWW, WNW was just left there to rot.

WnW was making a killing yesterday while WWW new paint couldn't be seen by anybody because it was CLOSED.   🤦‍♂️

 

[Narra]

7 hours ago, DaptoFunlandGuy said:

8 years since the incident? or 4 years since the start of covid? How long since covid 'ended' ? And are you making allowances for the botched management decisions that only set them further back? like the adventure river? or the ampitheatre? what about the stupid effort they wasted seeing if mine ride could be reopened? 

The last management made a lot of dumb decisions. The current management are being sensible - and you aren't.

Well, they did get down to 0.18 in March of 2020, and that was when they owned Main Event - so congratulations on more than doubling your share price AND getting an additional 94c per share payout!

No, google doesn't show me back that far. Do you know how much they were right before covid? (spoiler - $1.63 January 2020) And $1.41 right before they sold main event and paid you out.

See you want to point at how much money you lost in 2016. What you're not taking into account at that point is that your shares were worth so much because the management at the time were prioritising profits over safety and human life. They had engineering reports in their hands, and historic records of multiple incidents that occurred almost in the exact same way as October 2016 - and despite all that, they were actually petitioning the government for less regulation and more self inspections because they were such a safe operation. The inquest uncovered just how poorly that place was run, so when you complain about how much the share price has dropped since the incident, what you're actually saying is you'd rather kill people for profit. 

All your whining about how they're running the park makes so much more sense now. 

Ardent Stock was around $2.80 at the time of the accident, dropped to around $2 after. Continued dropping down $1.49 In January 2019. Dropped to $0.13 with due to Covid, back up to $1.70 in November 2021, then dropped to around $0.50 with the sale of main event which is where it has roughly been since then. 

For someone who cares so much about their stock they sure don't seem to understand how stock even works

[New display name]

@Narramaths isn't your strong point.

[DaptoFunlandGuy]

4 minutes ago, New display name said:

@Narramaths isn't your strong point.

Running a business doesn't seem like yours..

[Narra]

1 hour ago, New display name said:

@Narramaths isn't your strong point.

What math? I just listed stock prices

[New display name]

4 hours ago, DaptoFunlandGuy said:

Running a business doesn't seem like yours..

Bahahahaha.

Edited December 6 by New display name

[New display name]

I have great news for everyone.

Triple Vortex will be opening on the 28 Apr 2025

 

In other news, WWW will be closed.     🤦‍♂️🤣🤣😂😂🤣🤣

 

Due the recent rainfall, if you want to enjoy Cave of Waves, a boat will be required to get to it. 🤦‍♂️🤣🤣😂😂🤣🤣

 

In good news, DW has a new attraction,  Temple of Huey.

 

 

[DaptoFunlandGuy]

3 minutes ago, New display name said:

Triple Vortex will be opening on the 28 Apr 2025

if this were village, the maintenance wouldn't even be listed that far out.

[New display name]

On 11/12/2024 at 10:31 PM, TV15 said:

Movie World's first batch of attraction maintenance for 2025 has been posted.

Scooby Doo Spooky Coaster is scheduled to reopen on 2nd of June

 

+

[Naazon]

28th April, perfect. Just in time for the water park closure.

[DaptoFunlandGuy]

[Naazon]

32 minutes ago, DaptoFunlandGuy said: