Ardent Leisure shareholders

The giant ships used by Brazil's Vale group, the main competitor to Rio Tinto, BHP and Fortescue Metals, can carry almost double the amount of iron ore than those used by Australian miners.The structural shift of retail investors preferring to invest in collective investment schemes via an exchange, rather than mutual fund wrapper is accelerating.Sydney and Melbourne sellers cut their asking prices amid a rapidly weakening market. Weiss and Seymour are also seeking board seats, along with two other new directors.It is rare for so-called activist shareholders to spend serious money on their own external reports, particularly when they do not have the luxury of being able to access Ardent's books. Credit Suisse is advising Ardent, which also has consultants LEK reviewing its strategy. Our contention is the current board has overseen such a substantial decline in value and needs strengthening," Weiss told this column.The fight will be focused around the strategy to turn things around as well as the new board appointments.Follow the topics, people and companies that matter to you.Fund managers have gobbled up 20 million Sydney Airport shares left over from the company's equity raising. "The story of Ardent now is about execution of a plan. Do they trust the board which let them down in the first place to come up with a credible plan to turn things around?

In a class action, they have asked the Federal Court to have Ardent Leisure compensate them for financial losses due to an inflated share price before, and the exacerbated losses since, four Dreamworld customers were killed on a ride that was meant to be safe. Shareholders of the company that owns Dreamworld have gone to court to seek compensation for losses following the Thunder River Rapids Ride tragedy which killed four people.

Where governments aren't stepping in, shareholders often are. Who has the right credentials to oversee and execute the plan. Shareholders who acquired company shares between 2014 and 2016 alleged that Ardent Leisure contravened the Corporations Act of 2001; But the company has denied these allegations and plans to defend itself against proceedings; Ardent Leisure Group is trading 1.04 per cent lower in early trade, with shares selling for 47.5 cents each Naturally, both sides are claiming credit for the rising stock price.The battle is just hotting up and Ariadne's point that Ardent is belatedly taking action because they are on the register has merit. Shareholders of the company that owns Dreamworld have gone to court to seek compensation for losses following the Thunder River Rapids Ride tragedy which killed four people. Shareholders have filed a class action against Dreamworld's parent company Ardent Leisure. Shareholders of the company that owns Dreamworld have gone to court to seek compensation for losses following the Thunder River Rapids Ride tragedy which killed four people.

Other shareholders, though, are sceptical about giving Ariadne's representatives four board seats without them having to pay a premium to control the company.Kelly, who started in the job on July 17, is expected to outline plans for a board refresh, a range of growth options in the United States, a strategy for Dreamworld which potentially includes surplus land sales and a new operating structure in coming weeks. It has also flagged surplus land sales and plans to fix Dreamworld. Ardent Leisure’s shares fell 7% in the final hour of trade after the incident and the company has since struggled to increase profits and win back investor trust. Ardent Leisure, the owner of DreamWorld, has received a three-year $69.9 million loan from the Queensland government. Ardent Leisure shareholders face a tough choice in coming weeks.

Chanticleer is Australia's pre-eminent business column.Ardent Leisure shareholders face a tough choice in coming weeks.