VRL 1.79% $2.27 village roadshow limited

deutsche bank values vrl and vrlpa between $2.75 a

  1. 175 Posts.
    I was thinking of selling at $3 but now I might have to wait till it hits $5!!

    See atricle from fin review today:

    Village Roadshow gets back on track

    It seems the worst is over for Village Roadshow. Its shares have gained
    15per cent over the past 12 months and market players are beginning to
    sniff the cinema production and exhibition company out. Deutsche Bank's
    Mike Mangan says in a report that over the past three years, Village has
    substantially addressed three-quarters of the market's concerns.

    His sum-of-the-parts valuation has a wide range but the lower end of
    $2.75 remains well above Village's closing price of $2.20 yesterday, and
    his high end of $5.35 hints that the stock may be worth a punt. "Part of
    our enthusiasm for Village revolves around their cash flows," he notes.
    "Operating cash flow has grown about 120 per cent per annum, compound,
    in the last decade."

    He argues that market concerns regarding management intentions are
    misplaced - the wealth impact from a 10 per cent rise in Village shares
    represents almost four times the collective salaries of executives.

    Village is similar to US entertainers that typically trade for between
    10and 12 times earnings before interest, tax, depreciation and
    amortisation. But to be re-rated, Mangan says, Village must remove its
    legal and tax issues, own 100 per cent of its businesses and improve
    visibility.

 
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Last
$2.27
Change
0.040(1.79%)
Mkt cap ! $435.4M
Open High Low Value Volume
$2.19 $2.27 $2.19 $141.1K 63.40K

Buyers (Bids)

No. Vol. Price($)
7 7597 $2.26
 

Sellers (Offers)

Price($) Vol. No.
$2.28 3902 3
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Last trade - 10.27am 07/07/2020 (20 minute delay) ?
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Last
$2.26
  Change
0.040 ( 2.22 %)
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$2.22 $2.26 $2.22 892
Last updated 10.48am 07/07/2020 (live) ?
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