Reef Casino finds a pulse

Reef casino (ASX:RCT) have today revised profit guidance upwards:

The Trust’s estimate of the distributable* profit for the six months ended 30 June 2019 has been revised from $1.3 million to $1.5 million due to higher rentals from The Reef Hotel Casino for the month of June 2019.

It doesn’t much change a lamentable result exhibited in updated graph:

Reef Update

Stuff tho happens at the margin and the June turnaround in a short time frame could be meaningful if sustained.


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