I haven’t been blogging often as I am quite lazy by nature and not a very good writer. I would like to provide an update to the Q3 result of Accordia Golf Trust which I am vested in. As we can see in their QvQ result, nothing much has changed except for Golf Course Revenue which has increased significantly due to better weather. Restaurant revenue is pretty consistent QvQ and membership revenue are collect in Q4 and recognised monthly hence there should not be huge fluctuation. One of the strong point about AGT is the ability to manage cost well. You do not see huge swing in their operating expense unlike some other companies which is something I greatly appreciate.
The biggest change this quarter is Golf Course Revenue due to seasonality. After the previous announcement in Q2, the share price plunged from 64 cents to a low of 48 cents ......