How to buy Reef Casino Trust shares | A$1.85

Reef Casino Trust is a resorts & casinos business based in Australia. Reef Casino Trust shares (RCT) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.85 – the same closing value as a week prior. Reef Casino Trust has a trailing 12-month revenue of around $13.3 million.

How to buy shares in Reef Casino Trust

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Reef Casino Trust. Find the share by name or ticker symbol: RCT. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Reef Casino Trust reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $1.85, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Reef Casino Trust. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Reef Casino Trust's share price?

Since the stock market crash in March caused by coronavirus, Reef Casino Trust's share price has had significant negative movement.

Its last market close was $1.85, which is 21.94% down on its pre-crash value of $2.37 and 19.35% up on the lowest point reached during the March crash when the shares fell as low as $1.55.

If you had bought $1,000 worth of Reef Casino Trust shares at the start of February 2020, those shares would have been worth $699.58 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $761.31.

Reef Casino Trust share price

Use our graph to track the performance of RCT stocks over time.

Reef Casino Trust shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$1.85
52-week range	AUDA$1.55 - AUDA$2.69
50-day moving average	AUDA$1.88
200-day moving average	AUDA$1.92
Target price	AUDA$4.35
PE ratio	15.597
Dividend yield	AUDA$0.14 (7.37%)
Earnings per share (TTM)	AUDA$0.134

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Reef Casino Trust stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Reef Casino Trust by TradingView

Reef Casino Trust price performance over time

Historical closes compared with the close of A$1.85 on 2020-10-22

1 week (2020-10-23)	2.21%
1 month (2020-09-30)	0.54%
3 months (2020-07-30)	-10.19%
6 months (2020-04-30)	-9.76%

1 year (2019-10-30)	-24.18%
2 years (2018-10-30)	-38.94%
3 years (2017-10-30)	-33.93%
5 years (2015-10-30)	-50.53%

Is Reef Casino Trust under- or over-valued?

Valuing Reef Casino Trust stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Reef Casino Trust's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Reef Casino Trust's P/E ratio

Reef Casino Trust's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Reef Casino Trust shares trade at around 16x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Reef Casino Trust's EBITDA

Reef Casino Trust's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $6 million.

The EBITDA is a measure of a Reef Casino Trust's overall financial performance and is widely used to measure a its profitability.

Reef Casino Trust financials

Revenue TTM	$13.3 million
Operating margin TTM	12.84%
Gross profit TTM	$16.3 million
Return on assets TTM	1.2%
Return on equity TTM	28.41%
Profit margin	-158.42%
Book value	0.47
Market capitalisation	$92.1 million

TTM: trailing 12 months

Reef Casino Trust share dividends

Dividend payout ratio: 106% of net profits

Recently Reef Casino Trust has paid out, on average, around 106% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.37% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Reef Casino Trust shareholders could enjoy a 7.37% return on their shares, in the form of dividend payments. In Reef Casino Trust's case, that would currently equate to about A$0.14 per share.

Reef Casino Trust's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 29 December 2019 (the "ex-dividend date").

Have Reef Casino Trust's shares ever split?

Reef Casino Trust's shares were split on a 1:20 basis on 4 September 2001. So if you had owned 20 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Reef Casino Trust shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Reef Casino Trust shares which in turn could have impacted Reef Casino Trust's share price.

Reef Casino Trust share price volatility

Over the last 12 months, Reef Casino Trust's shares have ranged in value from as little as $1.55 up to $2.69. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Reef Casino Trust's is 0.5794. This would suggest that Reef Casino Trust's shares are less volatile than average (for this exchange).

Reef Casino Trust overview

Reef Casino Trust owns and leases the Reef Hotel Casino complex located in Cairns, North Queensland, Australia. The company was founded in 1993 and is based in Cairns, Australia. Reef Casino Trust is a subsidiary of Reef Casino Investments Pty Ltd.

Frequently asked questions

• What percentage of Reef Casino Trust is owned by insiders?

  Currently 86.182% of Reef Casino Trust shares are held by insiders.

• When does the fiscal year end for Reef Casino Trust?

  Reef Casino Trust's fiscal year ends in December.

• Where is Reef Casino Trust based?

  Reef Casino Trust's address is: Mercure Hotel, Brisbane, QLD, Australia, 4000

• What is Reef Casino Trust's ISIN number?

  Reef Casino Trust's international securities identification number is: AU000000RCT3