Regis Resources Limited

RRL details
· September quarter production resulted in lower end of the annual guidance: Regis Resources Limited (ASX: RRL) stock fell over 5.4% on December 06, 2016 with gold price volatility. There has also been some change in director’s interests in terms of holding. RRL in the September quarter produced 74,612 ounces of gold against June 16 quarter production of 78,471 ounces, which comes at the lower end of the annual guidance range of 300,000 - 330,000 ounces. But the quarterly production is expected to increase over the balance of FY17 as satellite projects Gloster and Erlistoun will come on line. Moreover, RRL has sold 73,607 ounces of gold at an average price of A$1,765 per oz in the September quarter.

· Recommendation: RRL stock fell over 28.57% (as of December 05, 2016) in the last three months. Given the volatile gold prices environment and weak September quarter production, we give an “Expensive” recommendation at the current price of – $ 2.65


2017-2019 Production Guidance and Targets (Source: Company Reports) 

Ardent Leisure Group

AAD Details
· Reopening of Whitewater World water park and Dreamworld theme park: Ardent Leisure Group (ASX: AAD) stock fell over 0.5% on December 06, 2016 owing to softness in market sentiments. AAD has announced that Whitewater World Water Park and Dreamworld theme park would re?open to guests from 10^th December 2016 post the successful finishing of the mechanical and operational safety review. Moreover, the closure of both Dreamworld and Whitewater World throughout the month of November 2016 led to loss of the revenue and the Theme Parks division is expected to incur operating costs in the range of $4.0 million to $4.2 million for the month. Additionally, for the month of November 2016, Dreamworld is also expected to incur about $1.6 million in one?off costs associated with the tragedy (net of expected insurance recoveries).

· Recommendation: AAD stock fell over 16.67% (as of December 05, 2016) in the last three months. We give a “Hold” recommendation at the current price of – $ 2.14

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