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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 |
|---|---|---|---|---|---|---|---|
| ― | AU$181.77M | 19.90 | 43.45% | 4.90% | -4.01% | -12.08% | |
| ― | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
| ― | $2.44B | 66.56 | 2.89% | 1.90% | 8.62% | ― | |
| ― | $199.33M | ― | -25.15% | ― | -10.59% | 32.75% | |
| ― | AU$274.41M | ― | -14.71% | ― | 126.29% | 95.17% | |
| ― | AU$272.29M | ― | -65.81% | ― | -31.07% | 74.57% |
Reef Casino Corporate Events
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.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
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.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
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.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
Reef Casino Trust is a managed investment scheme that owns and leases the Reef Hotel Casino complex in Cairns, Australia, primarily generating revenue through rental income from the casino and hotel operations. In the first half of 2025, the Trust reported a total revenue of $11.238 million, a slight decrease from the previous year, mainly due to increased operational costs and regulatory expenses. The Trust’s distributable profit fell to $3.300 million, resulting in a lower distribution of 6.63 cents per unit compared to 8.71 cents per unit last year. The Trust’s financial position remains stable with total assets of $100.957 million and an unused debt facility of $12.999 million. A significant development during the period was the execution of a Takeover Bid Implementation Agreement with Iris Cairns Property Pty Ltd, which could lead to a cash takeover bid for all units in the Trust. Looking ahead, the Trust anticipates continued challenges from regulatory changes and cost pressures but remains optimistic about potential growth in international tourism and increased visitation to the region.
Iris Cairns Property Pty Ltd has announced an off-market takeover bid for all units of Reef Casino Trust, offering $3.87 per unit. The offer is unanimously recommended by the directors of Reef Corporate Services Limited, contingent upon no superior proposal emerging and an independent expert’s favorable opinion.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
Reef Casino Trust has announced amendments to its Takeover Bid Implementation Agreement with Iris Cairns Property Pty Ltd, resulting in an increased offer price of $3.87 per unit, valuing the total equity at approximately A$192.7 million. The offer, which has the unanimous support of RCSL’s Board and major unitholders Accor and Casinos Austria International, represents a significant premium over previous trading prices and is subject to regulatory approvals and an 80% minimum acceptance condition.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
Reef Casino Trust has announced a distribution of 6.63 cents per unit for the six months ending June 30, 2025, with payments scheduled for September 10, 2025. The distribution includes components subject to non-resident withholding and trustee tax, impacting non-resident stakeholders, and advises Australian residents not to use this notice for tax return purposes.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
Reef Casino Trust has announced an update regarding its dividend distribution for the six months ending June 30, 2025. The update provides the actual distribution amount, reflecting the company’s financial performance for the period. This announcement may impact stakeholders by providing clarity on the financial returns expected from their investments in the trust.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
Reef Casino Trust reported a decrease in revenue and profit for the half year ended June 30, 2025, compared to the previous year. Revenue fell by 3.3% to $11.238 million, while net profit attributable to members declined by 23.9% to $1.65 million. This downturn in financial performance may impact the company’s distribution to unitholders, which was set at 6.63 cents per unit for the period.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
Reef Casino Trust has announced amendments to its Takeover Bid Implementation Agreement with Iris Cairns Property Pty Ltd, resulting in an increased offer price of $3.72 per unit, valuing the total equity at approximately $185.3 million. The offer, which has the unanimous support of the RCSL Board and major unitholders, represents a significant premium over previous trading prices and is subject to conditions including an 80% minimum acceptance and regulatory approvals.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
Reef Corporate Services Limited, acting as the responsible entity for Reef Casino Trust, has received a conditional cash takeover offer from MGGM Cairns No1 Pty Ltd, associated with Morris Group, to acquire all issued units in RCT. The offer, if successful, would provide unitholders with approximately A$184.3 million. The proposal also includes acquiring Casinos Austria International (Cairns) Pty Limited and RCSL. An Independent Board Committee will assess the proposal, and unitholders are advised to take no action at this time. The directors continue to recommend Iris’ offer, pending no superior proposals and regulatory conditions. RCSL will keep the market updated on developments.
Reef Corporate Services Limited, responsible for the Reef Casino Trust, has received an unsolicited proposal from Morris Group to acquire all issued units in RCT through an off-market cash takeover. The proposal, valued at approximately A$184 million, is similar to an existing offer from Iris Cairns Property Pty Ltd. The proposal also includes the acquisition of Casinos Austria International (Cairns) Pty Limited and RCSL by Morris Group. The Independent Board Committee is evaluating the proposal, and unitholders are advised to take no action at this time. The directors continue to recommend the Iris Offer unless a superior proposal arises.