Pressure All Around Village Roadshow; FVE Cut 8% to AUD 3.60 Per Share
While no-moat-rated Village Roadshow's fiscal 2017 result was largely in line with our expectations, earnings quality was sub-par. The 10% fall in...
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Not Much Fun In Leisure; Ardent Leisure Undervalued While Event Hospitality Worth Monitoring
Leisure companies under our coverage endured a torrid reporting season, with average fiscal 2017 first-half EBITDA fall of 15% from a year ago. The...
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Valuations Stretched on ASX-Listed Corporate Hybrids
In November 2016 we stated a large proportion of redemptions would be reinvested in existing corporate issues to achieve some degree of sectoral...
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Village Roadshow Must Bank Sully, as Shares 30% Undervalued
No-moat-rated Village Roadshow's market value has declined 10% since the release of the fiscal 2016 result in August. Some of this can be justified...
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Village Roadshow. Cinema 1 : DVD 0
Each of Village Roadshow's businesses boasts leading market positions in Australia, albeit all highly leveraged to consumer discretionary spending...
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