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Reef Casino
(OTC:RCT)
Reef Casino (RCT) vs. iShares MSCI Australia ETF (EWA)
Reef Casino Business Overview & Revenue Model
Reef Casino Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.13M | 25.52M | 26.29M | 30.51M | 26.86M | 15.66M |
| Gross Profit | 21.12M | 21.27M | 21.68M | 22.92M | 19.16M | 8.43M |
| EBITDA | 13.73M | 15.34M | 15.71M | 22.64M | 19.61M | 9.47M |
| Net Income | 4.57M | 5.08M | 5.37M | 8.99M | 7.36M | -209.00K |
Balance Sheet | ||||||
| Total Assets | 100.96M | 101.13M | 102.55M | 107.36M | 104.44M | 100.29M |
| Cash, Cash Equivalents and Short-Term Investments | 1.78M | 3.19M | 7.34M | 13.74M | 9.62M | 4.08M |
| Total Debt | 2.00M | 1.00K | 85.16M | 85.45M | 85.55M | 85.25M |
| Total Liabilities | 90.87M | 89.78M | 91.04M | 93.12M | 91.61M | 91.48M |
| Stockholders Equity | 10.08M | 11.35M | 11.51M | 14.23M | 12.83M | 8.80M |
Cash Flow | ||||||
| Free Cash Flow | 7.15M | 6.38M | 10.04M | 19.40M | 16.61M | 6.77M |
| Operating Cash Flow | 14.17M | 14.57M | 16.75M | 22.37M | 19.78M | 8.40M |
| Investing Cash Flow | -6.98M | -8.18M | -6.71M | -2.97M | -3.17M | -1.63M |
| Financing Cash Flow | -8.22M | -10.54M | -16.45M | -15.27M | -11.07M | -5.65M |
Reef Casino Technical Analysis
Reef Casino Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$179.28M | 19.63 | 43.45% | 5.00% | -4.01% | -12.08% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $2.16B | 59.06 | 2.89% | 2.15% | 8.62% | ― | |
45 Neutral | AU$696.54M | ― | -65.81% | ― | -31.07% | 74.57% | |
43 Neutral | AU$195.75M | ― | -25.15% | ― | -10.59% | 32.75% | |
43 Neutral | AU$260.16M | -23.58 | -14.71% | ― | 126.29% | 95.17% |
Reef Casino Corporate Events
Reef Casino Trust has announced an estimated distribution of 14.26 cents per unit for the second half of 2025, totaling approximately $7.1 million, reflecting a strong performance compared to the previous year. The Trust’s robust second half was driven by increased visitation and gaming revenues due to a buoyant high season in Cairns, resulting in an estimated net profit of $5.2 million for the year, after distributions.
Reef Casino Trust has announced a new distribution of AUD 0.1426 per ordinary unit, covering a six-month period ending on December 31, 2025. The ex-date for this distribution is set for December 30, 2025, with a record date of December 31, 2025, and payment scheduled for March 11, 2026. This announcement reflects the company’s ongoing commitment to providing returns to its stakeholders and may influence its market positioning by demonstrating financial stability and shareholder value.
Iris Cairns Property Pty Ltd, acting as trustee for the Iris Cairns Property Trust, has made an off-market takeover bid for all units of Reef Casino Trust at a price of $3.87 per unit. The first supplementary bidder’s statement has been lodged with the Australian Securities and Investments Commission and sent to Reef Casino Trust, indicating a formal step in the acquisition process, which could impact the company’s ownership and market position.
Reef Casino Trust has announced an off-market takeover bid by Iris Cairns Property Pty Ltd for all issued units in the trust. The company has lodged a Supplementary Target Statement with the Australian Securities & Investments Commission and informed its unitholders about the details of the offer, which could significantly impact its operations and stakeholder interests.
Reef Casino Trust has been informed that the suitability investigations by the Office of Liquor and Gaming Regulation for Iris Cairns Property Pty Ltd’s involvement in the casino operations in Queensland will not be completed before the current Offer Period ends on March 13, 2026. As a result, Iris plans to extend the Offer Period beyond May 31, 2026, to allow more time for these investigations, with a notice of variation to be lodged with ASIC and ASX. Unitholders are advised to review the forthcoming Supplementary Target’s Statement for further details.
Reef Casino Trust has released its Target’s Statement in response to an off-market takeover bid by Iris Cairns Property Pty Ltd. The board of directors has recommended that unitholders accept the offer, which has been deemed fair and reasonable by an independent expert, provided no superior proposal emerges.
Iris Cairns Property Pty Ltd has announced the completion of dispatching its bidder’s statement for an off-market takeover bid for all units in Reef Casino Trust. This move marks a significant step in the takeover process, potentially impacting the company’s market position and stakeholders involved in the Reef Casino Trust.
Reef Casino Trust, a prominent entity in the casino and entertainment industry, is currently the subject of a takeover bid by Iris Cairns Property Pty Ltd. The bid involves an offer to acquire all units of the Reef Casino Trust for $3.87 cash per unit. The directors of Reef Corporate Services Limited, the responsible entity for the trust, have unanimously recommended the offer in the absence of a superior proposal and contingent on an independent expert’s reasonable opinion. This move could significantly impact the operations and market positioning of Reef Casino Trust, potentially altering stakeholder dynamics and future business strategies.