Loading companies…

Coast Entertainment Holdings Ltd ASX:CEH

0 opened or increased1 held1 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 1 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20252026

30 Sep 2024 to today

Commentary Showing 2 of 3

DateManagerActionSummary

30 Sep 2026Ryder CapitalExitRyder Capital sold its investment in Coast Entertainment Holdings because the shares had experienced a strong re-rating over the preceding months, prompting an exit on valuation grounds. Coast Entertainment, which operates Gold Coast theme park and leisure assets, was among several positions Ryder exited during the September 2026 quarter, alongside Nufarm, FDC Consolidated and Polymetals Resources. The exit reflects Ryder's disciplined approach of taking profits once the market has recognised much of the value it identified, allowing capital to be redeployed into opportunities with more remaining upside.

Quarterly Report, price recorded $0.47

The source document link is a Pro feature

31 Dec 2025Spheria Asset ManagementHeldSpheria Asset Management continues to hold Coast Entertainment Holdings Ltd because the company delivered strong first 17 weeks of FY26 results including ticket sales up 54%, visitation up 35%, in-park spend up 25%, and revenue growth of approximately 20% with even stronger earnings growth from high operating leverage. Spheria Asset Management also highlights the Queensland Deputy Premier issuing a call-in notice for the company's development application, accelerating the pathway to unlocking 10–15 hectares of surplus land as a potential major valuation catalyst beyond the core business recovery. The fund remains positive about the outlook.

Monthly Report, price recorded $0.55

The source document link is a Pro feature

1 more comments on CEHPro shows every comment, with a link to each source document.

Upgrade to Pro

First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on CEH.

View Pro

About Coast Entertainment Holdings Ltd

Materials, Hotels, Restaurants and Leisure

Coast Entertainment Holdings (ASX:CEH), owner of Dreamworld and WhiteWater World, has been a strong performer for Spheria Asset Management. In December 2025, Spheria reported Coast Entertainment returned 12% during the month, continuing to outperform the market, with momentum from a late-October trading update carrying through November and December. Coast Entertainment operates in the Consumer Discretionary sector within the Hotels, Restaurants and Leisure industry, and Thesis Tracker has captured 2 comments from 1 fund manager, Spheria Asset Management. Coast Entertainment Holdings, formerly Ardent Leisure, invests in and operates leisure and entertainment businesses, with its key assets being Dreamworld and WhiteWater World theme parks in Coomera on Queensland's Gold Coast, along with SkyPoint Observation Deck in Surfers Paradise, and is investing in new rides and attractions to lift visitation and spending per guest, alongside potential development of its surplus land holdings.

Market cap: $181m
Price to earnings: 35.1x
Return on equity: 2.8%
Dividend yield: 0.0%
Price to book: 0.94x
Net margin: 5.3%
52-week range: $0.39 to $0.60

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Coast Entertainment Holdings Ltd (ASX:CEH)?

Fund managers including Spheria Asset Management and Ryder Capital have invested in Coast Entertainment Holdings Ltd (ASX:CEH).

What opportunities or catalysts do fund managers highlight for Coast Entertainment Holdings Ltd?

Spheria highlights strong trading momentum since a late-October update, driving share price outperformance as visitation and earnings at Dreamworld and WhiteWater World improve.

What are the key risks to the Coast Entertainment Holdings Ltd investment thesis, according to fund managers?

The available commentary does not set out specific risks, though theme park earnings depend on visitation, discretionary spending and weather.

What does Coast Entertainment Holdings Ltd (ASX:CEH) do?

Coast Entertainment Holdings Ltd. invests in and operates leisure and entertainment businesses across two segments: Theme Parks and Attractions, and Corporate. Key assets include Dreamworld and WhiteWater World in Coomera, Queensland, alongside the SkyPoint observation deck and climb in Surfers Paradise, Queensland. Founded on June 11, 1998, the company is headquartered in North Sydney, Australia. Coast Entertainment manages these brands to deliver integrated entertainment experiences.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

Disclaimer Terms of Use Privacy Complaints Contact

Loading…