Noticed there is no thread for AHD so thought i might add one.
AHD has been around for many years and owns quality assets such as:
The Thredbo alpine resort, the state theatre, cinemas (birch, carrol & cole and greater union) and Rydges Hotels and Resorts.
Although AHD has exposure to the current economic climate, with lower occupancy levels in hotels and less people going to the snow, i beleive that it's quality assets warrant an argument for AHD to be a long term buy.
Huntley's recommendation for AHD is currently Accumulate and it said that:
AHD has evolved through stringent cost management initiatives to derive acceptable economic returns from assets in mature industries. Its proactive approach to differentiate and innovate while managing costs has enabled it to milk assets for cash. We expect it to continue to implement a range of strategies to ensure it retains its track record of delivering healthy fully franked dividends.
Does anyone else have any thoughts on AHD?
Thanks in advance