VGL - Vista Group.

[MAC]

My initial thoughts are that I would also be cashing up into IPO tech exuberance about now too, especially when increasingly folk are viewing and/or downloading movies for free off the internet.

“Existing shareholders will sell down up about 37 percent of their stake and their remaining shares will be held in escrow until 2016, after the company's 2015 results”

I’d be looking for some firm market analysis in support of the proposed growth also for reasons above.

“Forecast revenues in the current financial year grow to $49.9 million and again to $61,5 million in the 2015 financial year”

Still, one must be prepared to read through a prospectus before passing judgement, let’s see.

http://www.scoop.co.nz/stories/BU140...irm-to-ipo.htm (http://www.scoop.co.nz/stories/BU1407/S00203/vista-entertainment-solutions-the-latest-tech-firm-to-ipo.htm)

[youngatheart]

Short term prospects may be okay but I think long term it's dismal for the industry. The demographics of current movie goers are baby boomers and young children so movies that do okay are ones that feature 60 year old English actors, Judy Dench, Ian MeKellan etc, and kids films in the school holidays.

There is an entire generation missing in the middle. Some exceptions are when a well hyped block buster comes along - think The Hobbit for eg. - but they are very occasional. Anyone who is 8-45 years old, in the main, know how to illegally download movies and we just don't see them in any great numbers. As baby boomers die off and young kids grow up there's definitely going to be less demand to pay for something that they can get for free.

This from someone who works at the coal face of the film industry...

[Snow Leopard]

Short term prospects may be okay but I think long term it's dismal for the industry. The demographics of current movie goers are baby boomers and young children so movies that do okay are ones that feature 60 year old English actors, Judy Dench, Ian MeKellan etc, and kids films in the school holidays.

There is an entire generation missing in the middle. Some exceptions are when a well hyped block buster comes along - think The Hobbit for eg. - but they are very occasional. Anyone who is 8-45 years old, in the main, know how to illegally download movies and we just don't see them in any great numbers. As baby boomers die off and young kids grow up there's definitely going to be less demand to pay for something that they can get for free.

This from someone who works at the coal face of the film industry...

Whlist that may be true for the bit of the world you live in things are a little different here in Indonesia.

You can buy a pirated copy of any new release movie from a proper shop in a good shopping mall for the equivalent of $1. Despite this so many people want to see the movie on the big screen they form queues so far in advance and they get so long that after two failed attempts I gave trying to go see movies.

In Malaysia also, any decent movie fills the cinema show after show after show.

So maybe, globally, thing still have an upside.

Best Wishes
Paper Tiger

Discs:
This in not an endorsement of the Vista IPO.
DYOR.
Try the salted popcorn.

[winner69]

In depth interview with Holdaway
http://www.radiolive.co.nz/Murray-Holdaway-CEOFounder-Vista-Entertainment-Group/tabid/506/articleID/49333/Default.aspx

Jenny Ruth asked some good questions this morning about big increases in forecast profits and why high multiples


http://www.radionz.co.nz/audio/player/2602365

[Jaa]

These are good points PT.

In my experience in South America and Mexico, Cinemas are very popular and growing. A lot of people still live with their parents and even grandparents. The cinema is a fun affordable place to go on a date or to hang out with your mates away from the house (no gardens, fewer non-commercial public spaces). Or just as popularly as a family outing.


Whlist that may be true for the bit of the world you live in things are a little different here in Indonesia.

You can buy a pirated copy of any new release movie from a proper shop in a good shopping mall for the equivalent of $1. Despite this so many people want to see the movie on the big screen they form queues so far in advance and they get so long that after two failed attempts I gave trying to go see movies.

In Malaysia also, any decent movie fills the cinema show after show after show.

So maybe, globally, thing still have an upside.

Best Wishes
Paper Tiger

Discs:
This in not an endorsement of the Vista IPO.
DYOR.
Try the salted popcorn.

[RGR367]

These are good points PT.

In my experience in South America and Mexico, Cinemas are very popular and growing. A lot of people still live with their parents and even grandparents. The cinema is a fun affordable place to go on a date or to hang out with your mates away from the house (no gardens, fewer non-commercial public spaces). Or just as popularly as a family outing.

As an immigrant myself, I share your observations . I still have to see the prospectus though so I'm not voting on our poll just yet.

[kiora]

Wow good first day of listing ! Didn't any sharetraders get in on this one ? Time will tell but the most successful IPO this year ? It has a dominant position in large cinema circuits, founders retaining 45%,growth opportunities with new acquisitions, cash in the bank and dividend potential

[Harvey Specter]

I think I read PIE funds got an allocation. Given the small size of their fund, that is a much bigger show of support than Milford taking a position.

[kiora]

Price rise enquiry
:)
https://nzx.com/files/attachments/200493.pdf

[Snow Leopard]

This one only occasionally trades but the price is now over $4 and thus it sits on a one year forward P/E of about 40 (ie against the prospectus $8M1 profit for the year ending 31 Dec 2015).

Isn't that strange? I certainly do not understand it.

Best Wishes
Paper Tiger

[bunter]

Whole sector's frothy.
Just one of those things, I guess, like tulips.

[gbogo]

VGL has trended solidly upwards since the IPO, with barely a correction of any degree. I've noticed some significant lines ($1m+) go through at $4 and just below. My broker doesn't cover the stock and I'm not sure who does, but I suspect there is some good news going to come out soon and some institutions are positioning themselves for the ride. DISC: long from lower levels post-IPO.

[Snow Leopard]

Results as expected:
They say they are on track for 2015:
Still seems to be a very high share price to me :confused:

Best Wishes
Paper Tiger

[babymonster]

Results as expected:
They say they are on track for 2015:
Still seems to be a very high share price to me :confused:

Best Wishes
Paper Tiger
now is even higher... have been watching it for a while.. it just keeps on going and going.. i hardly buy stocks at its peak.. maybe i should break the rule once for VGL.

[Snow Leopard]

Looks to be recovering steadily from the decline to $4.90 in early October.

Whilst I, as always, am fairly shocked at the price this trades at, I am not going to complain.

Best Wishes
Paper Tiger

[Snow Leopard]

Back to the all-time high of $6.05 and a market capitalization of $484M.

It does not matter how often I check, the target for revenue and profit for this year is still $13M2 and $8M1 respectively.


Best Wishes
Paper Tiger

Disc: Go to the movies about once a week.

[kiora]

Back to the all-time high of $6.05 and a market capitalization of $484M.

It does not matter how often I check, the target for revenue and profit for this year is still $13M2 and $8M1 respectively.


Best Wishes
Paper Tiger

Disc: Go to the movies about once a week.

Looking good
http://www.4-traders.com/VISTA-GROUP-INTERNATIONAL-21021562/
NPAT
10.4 m 2016
16.1 m 2017

[kiora]

Impressed how VGL are accumulating other companies in the cinema business looking for synergies like no other.Cloud based so amalgamation easier?Developing embedded MOAT.Liking it :)
https://nzx.com/files/attachments/236053.pdf
http://www.4-traders.com/VISTA-GROUP-INTERNATIONAL-21021562/consensus/

[kiora]

http://www.sharechat.co.nz/article/4692af04/vista-expects-20-30-annual-revenue-growth-signals-dividends.html?utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Wednesday+2 5+May+2016

[Toulouse - Luzern]

Hi
Not too many posts about this stock.
Global perspective ...
Sneaky peak, TL observed a Vista rep going about his business in Copenhagen ...

[Snow Leopard]

Hi
Not too many posts about this stock.
Global perspective ...
Sneaky peak, TL observed a Vista rep going about his business in Copenhagen ...

But did you see Mads Mikkelsen?
or Sofie Gråbøl?

I watched the movie Captain Fantastic staring Viggo Mortensen yesterday and thoroughly enjoyed it. 4 and a bit stars

I dropped these earlier this year.
I still can not get my head around the price this thing trades at, even given the projection of future revenues and profits.

Best Wishes
Paper Tiger

[kiora]

But did you see Mads Mikkelsen?
or Sofie Gråbøl?

I watched the movie Captain Fantastic staring Viggo Mortensen yesterday and thoroughly enjoyed it. 4 and a bit stars

I dropped these earlier this year.
I still can not get my head around the price this thing trades at, even given the projection of future revenues and profits.

Best Wishes
Paper Tiger
Land of Mine,great too,everyone watching at the NZIFF jumped out of their skins a few times:)

A truly international business and happy to pay for its growth potential

http://www.4-traders.com/VISTA-GROUP-INTERNATIONAL-21021562/strategies/

[kiora]

But did you see Mads Mikkelsen?
or Sofie Gråbøl?

I watched the movie Captain Fantastic staring Viggo Mortensen yesterday and thoroughly enjoyed it. 4 and a bit stars

I dropped these earlier this year.
I still can not get my head around the price this thing trades at, even given the projection of future revenues and profits.

Best Wishes
Paper Tiger

Well investors would have said the same regarding FPH at $3:00 as well :)

[ShouldHaveHeld]

i hit my mark at 6.50, might come back in though

[gbogo]

Half-year results out. SP given up all (50c) the pre-results gains over the past week. What do people think? Disc: Small Long.

[gbogo]

https://www.nzx.com/companies/VGL/announcements/287909

[kiora]

Half-year results out. SP given up all (50c) the pre-results gains over the past week. What do people think? Disc: Small Long.

Looks good to me but someones frightened :)

[gbogo]

strategic partnership only but interesting still. not posted on NZX so perhaps not considered material?

http://www.marketwired.com/press-release/moviepass-vista-group-announce-strategic-relationship-enhance-subscription-experience-2195776.htm

(disclosure: small long from lower down).

[babymonster]

good report... but no body want to buy its share?

[TJP]

http://www.vista.co/media/197273/fy16-results-presentation-feb_2017.pdf solid results

[Snow Leopard]

Gave the old documents a once over for old times sake and apart from the money for the China thing (I notice they are falling for the old 'the check is in the post' routine by the way) the actual EPS from continuing operations was like 9c.

OK I no the analysts reckon this is going to grow to 40c in 3 or 4 years but as usual the price this thing is trading at is something I can not get my head around.

Best Wishes
Paper Tiger

Disc: Failed to score free tix to the premier of Rangoon :(

[kiora]

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11922398&utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Friday+15+S eptember+2017

[Snow Leopard]

VGL Announcement (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/VGL/310143/269508.pdf)

2 for 1 share split coming to a screen near you on the 24th.


Sitting in the middle of the third row from the back with a bucket of Tuna flavoured popcorn.

Paper Tiger

[kiora]

VGL Announcement (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/VGL/310143/269508.pdf)

2 for 1 share split coming to a screen near you on the 24th.


Sitting in the middle of the third row from the back with a bucket of Tuna flavoured popcorn.

Paper Tiger

Don't know about the Tuna flavored popcorn.Haven't seen a share split since the 80's as I had sold POT when they did a juggle in the jungle.

[babymonster]

Not sure 1:2 will make much difference. 1:5 more likely serves the purpose

[hardt]

35 Shareholders own 94.96% of the float - not sure this split is going to accomplish much.

Still a happy holder.

[babymonster]

Thoughts for the result? I know not many holding vgl. I just had a quick look and it looks very good

[whatsup]

Thoughts for the result? I know not many holding vgl. I just had a quick look and it looks very good

market likes it as well, off its current low.

[JayRiggs]

Yes this looks like a very solid result as expected. I've been accumulating every time they dip down below 2.70 (5.40 pre split) for the past year.

I wanted to watch the Black Panther at 9pm over the weekend on the North Shore and much to my surprise they were sold out, despite Black Panther being in it's second week of screening. I had to drive all the way out to Sylvia Park to catch the 10:30pm session and that was nearly all sold out too. Cinemas in Auckland are very busy, provided there's good movies on.

As long as people keep going to the cinema to watch movies and Hollywood keeps churning out epic blockbusters, Vista will continue to do well.

[emveha]

Quite a hike today, +6.6% on a large volume! Investors must have liked the conference presentation.

[kiora]

Quite a hike today, +6.6% on a large volume! Investors must have liked the conference presentation.

There is a lot to like about this Company !

[peat]

Cinema will never die
http://nzh.tw/12046909

[Joshuatree]

I hope it doesn't but i see more and more people on their cellphones during a movie which can kill the "involvement, reality ' experience. Someone i know actually grabbed a phone and through it down the aisle.:t_up:


"Cinema's survival comes down to the simple fact that people continue to delight in the participatory nature of collective events."

[co0p]

VGL has certainly had a good run of late. Is it in the NZX 50 index?

[emveha]

Big contract in Japan announced yesterday. That explains the rise during last week... for those lucky people who can see into the future, I guess.

[peat]

Big contract in Japan announced yesterday. That explains the rise during last week... for those lucky people who can see into the future, I guess.

hahah yeh amazing isnt it how quite a few people have such clear crystal balls.

[Jerry]

Hmm. A not unusual occurrence, but it's a well-regulated market! ;)

[co0p]

https://www.businesswire.com/news/home/20180607005936/en/Creative-Studio-Powster-Announces-Innovation-Movie-Studios

Sounds promising.

[emveha]

Cocorico! Vista signs with France's first cinema operator, Les Cinémas Pathé Gaumont. https://www.businesswire.com/news/home/20180611006332/en/Vista-Entertainment-Solutions-Signs-Les-Cin%C3%A9mas-Path%C3%A9

[peat]

yeh a couple of good announcements esp the latter but I couldnt see any mention of figures on this deal. One would assume its chunky as , going on the size of the client , but may not be, in fact.

[Joshuatree]

What great story this has been and i and many others missed it. 84.62% said they wouldn't be in the IPO in the poll . Listed about $1.25. Share split 2 for 1 when s/p @ $5.40.Current price $3.61..Close to 6 bagger ?in re 3 years!!!Congrats to holders.

[Snow Leopard]

Actually it listed about $2.50 nearer to 4 years ago than 3.

First day was 11-Aug-14, range was $2.39 to $2.55 with the close at $2.55.

I quit at $6.1X in Jun-16.

[co0p]

The positive news continues.....

https://www.businesswire.com/news/home/20180613006339/en/Vista-Entertainment-Solutions-Powering-Saudi-Arabia%E2%80%99s-New

https://www.businesswire.com/news/home/20180612006578/en/Cinema-Intelligence-Announces-Signing-Leading-Scandinavian-Entertainment

Will we see $4 tomorrow?

[emveha]

"Return of cinemas to the Kingdom of Saudi Arabia after a 35-year ban... (Predicting) to open 600 screens across the Kingdom of Saudi Arabia over the next five years." That's going to be a booming market, glad that Vista is in it from the start.

[kiora]

What great story this has been and i and many others missed it. 84.62% said they wouldn't be in the IPO in the poll . Listed about $1.25. Share split 2 for 1 when s/p @ $5.40.Current price $3.61..Close to 6 bagger ?in re 3 years!!!Congrats to holders.

I agree totally Jt.Well done management!A exceptional international company that has really found its niche,creating an ever expanding moat.Ticks a lot of boxes,in the cloud and no borrowings.A lot of other tech companies could learn a lot from this.
Convinced me to buy in again a while ago

[emveha]

I agree totally Jt.Well done management!A exceptional international company that has really found its niche,creating an ever expanding moat.Ticks a lot of boxes,in the cloud and no borrowings.A lot of other tech companies could learn a lot from this.

Yes; WDT springs to mind.

[kiora]

Wow good first day of listing ! Didn't any sharetraders get in on this one ? Time will tell but the most successful IPO this year ? It has a dominant position in large cinema circuits, founders retaining 45%,growth opportunities with new acquisitions, cash in the bank and dividend potential

The signs where there right from the get go

[peat]

did the cheque arrive in the mail yet?

(I recall there was a significant deferred payment from a Chinese company )

[kiora]

did the cheque arrive in the mail yet?

(I recall there was a significant deferred payment from a Chinese company )

No it didn't from what I recall but that is OK as didn't VGL reverse the transaction?
https://stocknessmonster.com/announcements/vgl.nzx-314406/

[peat]

No it didn't from what I recall but that is OK as didn't VGL reverse the transaction?
https://stocknessmonster.com/announcements/vgl.nzx-314406/

thanks for that link
so it looks like they sold some of the business and then bought it back a year later for the same price after it had doubled its revenue (without ever receiving the money)
Seems ok.
I do like the way this company grows and keeps growing. Globally the movie industry is not growing much overall but its still pretty huge and growing in some places, so that's not too much of a headwind until VGI become much larger. And in anycase they are selling the spades, not digging the gold.
I put some people into this company a year or so ago, but don't have any myself. I may remedy that at some stage. Back the winners huh.

[Joshuatree]

This was in 2014

https://www.sharetrader.co.nz/images/misc/quote_icon.png Originally Posted by kiora https://www.sharetrader.co.nz/images/buttons/viewpost-right.png (https://www.sharetrader.co.nz/showthread.php?p=497389#post497389)
Wow good first day of listing ! Didn't any sharetraders get in on this one ? Time will tell but the most successful IPO this year ? It has a dominant position in large cinema circuits, founders retaining 45%,growth opportunities with new acquisitions, cash in the bank and dividend potential



The signs where there right from the get go


True , true ,true(gnashes teeth) The foresight looks obvious in hindsight:sleep:

[emveha]

I do like the way this company grows and keeps growing. Globally the movie industry is not growing much overall but its still pretty huge and growing in some places, so that's not too much of a headwind until VGL become much larger. And in anycase they are selling the spades, not digging the gold.
In terms of growth, in a couple of year I would gladly see them tapping towards the "movie production software" market (left column in the annual report, p. 6).

[kiora]

This was in 2014

https://www.sharetrader.co.nz/images/misc/quote_icon.png Originally Posted by kiora https://www.sharetrader.co.nz/images/buttons/viewpost-right.png (https://www.sharetrader.co.nz/showthread.php?p=497389#post497389)
Wow good first day of listing ! Didn't any sharetraders get in on this one ? Time will tell but the most successful IPO this year ? It has a dominant position in large cinema circuits, founders retaining 45%,growth opportunities with new acquisitions, cash in the bank and dividend potential



The signs where there right from the get go


True , true ,true(gnashes teeth) The foresight looks obvious in hindsight:sleep:

Thanks JT :):):)

[kiora]

Yes; WDT springs to mind.

I would never in 10 or a million years compare VGL with WDT.
So saying WDT might have just got their feet on the ground & some had a good nibble at the end of May.First signs of life in 10 years?

[kiora]

Actually it listed about $2.50 nearer to 4 years ago than 3.

First day was 11-Aug-14, range was $2.39 to $2.55 with the close at $2.55.

I quit at $6.1X in Jun-16.

Ah ha SL,there he is, PT has changed his spots.I wondered where he had gone.
Has he been away chasing CBL shadow.That was a bugger!

[co0p]

In terms of growth, in a couple of year I would gladly see them tapping towards the "movie production software" market (left column in the annual report, p. 6).

That would be great. I would also like to see more progress in the F&B space.

There is certainly a lot to like about this company.

[hardt]

This has been sitting in my portfolio for 2 years now underperforming... finally some momentum building on the spree of good news.

[dreamcatcher]

Just got sick of waiting for this to move so sold out April @ cost SP rocketed since :crying:

[kerryo]

Must be news coming .... up 7% today to 4.15

[kiora]

Must be news coming .... up 7% today to 4.15

On solid vol too !

[emveha]

Seriously, +8.25% on no announcement? Please explain.

[kiora]

Seriously, +8.25% on no announcement? Please explain.

Seriously ticking a lot of boxes
I know,high forward PE
BUT low debt
Growing organically and by acquisition
Increasing future profitability
Disruptive technology ? in a mature market
If an investor wants to buy it has very low share TO & will need to pay up.Hence increasing share vol & share price.It will be interesting to see how big the investor is.

[nocomment]

watched this for a bit but looks like it was all just hot air ... smart investors have jumped

[kerryo]

watched this for a bit but looks like it was all just hot air ... smart investors have jumped

I think the smart investors held. Good results out .... 26M sitting in bank, maybe time for a divvy increase?

[kiora]

I think the smart investors held. Good results out .... 26M sitting in bank, maybe time for a divvy increase?

I do too,KO :)

[kiora]

Expensive? but world class.Big MOAT developed
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12135101

[kerryo]

Vista Group signs Marcus Theatres?, the USA's 4th Largest Cinema Exhibition Chain. :)

[co0p]

Vista cinema seems to have real momentum at the moment - signing a number of large exhibitors. I see the Movio subsidiary also signed Disney recently.

A lot to like.

[Beagle]

I see this is being added to the NZX50 with effect from closing match of trade this Friday 21 December. We might see some interesting price action in the closing match process seeing as this is fairly illiquid ! Disc: Because transparency is so "on trend" on ST now I will disclose I have taken a small position this morning.

[Beagle]

I see this is being added to the NZX50 with effect from closing match of trade this Friday 21 December. We might see some interesting price action in the closing match process seeing as this is fairly illiquid ! Disc: Because transparency is so "on trend" on ST now I will disclose I have taken a small position this morning.

And a few more in the early afternoon.

[peat]

its a great company Beagle, with continued growth that almost manages to justify its relatively expensive price.
I dont have any myself but I keep a good eye on it. I wont be buying any soon either - my response to this bear has been to stop buying and keep the cash under 60 day terms at Rabo with their 3% return so I don't buy stocks on a whim

[kiora]

Its a simple trajectory and has little debt.+++
https://www.marketscreener.com/VISTA-GROUP-INTERNATIONAL-38851579/?type_recherche=rapide&mots=vgl

[co0p]

Sounds good. Signed on another large circuit.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12180938

[kerryo]

Wow ... results out, just keeps growing.
https://www.nzx.com/announcements/331069

[co0p]

A strong result, and forecasting another for FY19! Movio going from strength to strength.

[kiora]

Very encouraging result & reactions. Smartish money getting in or all aboard? :)

[Bobdn]

My only exposure to this is through my investment in Devon Fund's Alpha fund. Better than nothing :)

[hardt]

Brilliant company, onwards into the billions.

[emveha]

From the report:

Administrative and operational expenses were well controlled and managed by the executive team.

Administrative expenses jumped by +43% over the previous year (to put in perspective of the +23% in revenue). How is that well controlled?

[co0p]

Craigs have updated their target price to $5.90!

[King1212]

AGM today..never seem the management so confident with the company outlook! I think it could be a star this year! Shame did not buy while it was $5 ish...

[777]

Craigs have updated their target price to $5.90!

That prediction made in February when SP was 4.00 odd. They hit the mark with 5.97 today.

[kiora]

AGM today..never seem the management so confident with the company outlook! I think it could be a star this year! Shame did not buy while it was $5 ish...

Actually I'll give it 5 stars :)

[King1212]

Actually I'll give it 5 stars :)


With many companies so cautious about future outlook due to trade war, Chinese slow down, brexit, low dollar etc....but VGL is so confident and excited for outlook growth. I guess once they could get a traction in Asia..then will away.
I guess, movie and entertainment industry never slow down...people will still go watch movie even recession to entertain themselv...

well done holders!

[King1212]

Bought in today....great outlook ahead...

[kiora]

I agree :drool::drool::drool::drool::drool:

[kerryo]

Up Up and away ... over 6.00 today. The best performing share in my portfolio. :)

[MauroNZ]

Is this a good analysis?

http://www.sharechat.co.nz/article/46833715/analysis-grand-vista-for-cinema-software-expansion.html

[kiora]

Is this a good analysis?

http://www.sharechat.co.nz/article/46833715/analysis-grand-vista-for-cinema-software-expansion.html

Pretty good>I like this bit
"While the 2014 prospectus alluded to the potential for Vista’s software to be applied in other industries with large customer databases and loyalty programmes, its current strategy is expanding up and down the movie industry’s value chain"

[MauroNZ]

Pretty good>I like this bit
"While the 2014 prospectus alluded to the potential for Vista’s software to be applied in other industries with large customer databases and loyalty programmes, its current strategy is expanding up and down the movie industry’s value chain"

Thanks mate.

[King1212]

We could see it hits $7 before the result?

[kiora]

Its official.A unicorn/Copy & paste
Weekend Herald: 2019-07-27 - Shining light - PressReader

[King1212]

4 weeks to result...Must be going to be a great result as strong buy continue

[Leftfield]

4 weeks to result...Must be going to be a great result as strong buy continue

I was late into VGL but after seeing it doing so well in the stock picking competition and doing a few sums I started adding it to my portfolio. Good times ahead IMHO.

[kiora]

I was late into VGL but after seeing it doing so well in the stock picking competition and doing a few sums I started adding it to my portfolio. Good times ahead IMHO.

Thanks for pushing it up LF.
Lets see if SP is sustainable:)
Long may it continue

[King1212]

Disney broke own record movies of aladin...toy story...lion king are at record revenue....

[kiora]

Disney broke own record movies of aladin...toy story...lion king are at record revenue....

Hopefully VGL dances to similar tune :)

[King1212]

https://www.theguardian.com/film/2019/jul/29/disney-breaks-own-record-for-global-box-office-in-a-year-the-lion-king

[Leftfield]

"Counter intuitive investing" is almost as hard to comprehend as it is hard to do!

Yesterday when my watch list notified me that VGL's SP had fallen below my preset 'buy' level, I decided to add a few more of it my portfolio at what I hope are 'sale' prices. Time will tell if I'm right (but the lift in Wall St overnight has heartened me!) DYOR. :ohmy:

[dompf]

"Counter intuitive investing" is almost as hard to comprehend as it is hard to do!

Yesterday when my watch list notified me that VGL's SP had fallen below my preset 'buy' level, I decided to add a few more of it my portfolio at what I hope are 'sale' prices. Time will tell if I'm right (but the lift in Wall St overnight has heartened me!) DYOR. :ohmy:

I literally did exactly the same thing after watching SP500 and Dow lift over night; I thought to add a few more VGL given its one of my best performers.

[Leftfield]

Good thinking dompf. It's a gutsy call, but I'm feeling better with the SP rise so far today. Hope you are too!

[King1212]

VGL will do well even recession.. people will go to movie... entertainment industry is never in recession!

[Traderwannabe]

Thoughts on this sp decrease from those more experienced holders of this share?

[kiora]

Certainly the SP looks soogy but on low volume cf av vol.
I'm not too worried at the moment.

[King1212]

People are locking thier profit as the sp has a stellar run recently but reporting date is 3 weeks away...so far so good....no news like GTK...so expecting a very solid result as the board is so confident during thier annual shareholders meeting...

[Leftfield]

Thoughts on this sp decrease from those more experienced holders of this share?

Not sure if I qualify as 'experienced', but my thoughts FWIW.

A lot of the high flying shares such as ATM, PLX and VGL have had their wings clipped by the recent trade wars uncertainty. No doubt some holders have been taking profits while others have been reducing their risk exposure.

IMHO the recent VGL decline is a short term correction while the longer term trend is still in place. As noted above I've used the recent weakness to add a few more and will do so again if the SP declines further. VGL is only 5% of my portfolio so I'm happy to increase my holdings at current 'sale prices.' I still see it as a v good long term holding.

As usual DYOR and take responsibility for your own decisions.

[King1212]

Great result..moving to Saas ...onward

[Leftfield]

Not quite the result I had been hoping for....

EBITDA down 19%. Operating Profit down 29%. But here's how the company views it;

• 19% growth in revenue over H12018 for the Vista Group core businesses – Vista Cinema and Movio.
• 16% growth in EBITDA over H12018 for the Vista Group core businesses – Vista Cinema and Movio.
• 35% growth in revenue for Movio over H12018 to $11.6m, resulting in 42% growth in EBITDA over H12018 to $2.3m.
• 12% growth in Vista Group consolidated revenue over H12018 to $67.5m.
• Vista Group EBITDA of $11.8m reduced 19% over H12018 impacted by a decline in movieXchange revenue, reduction in Vista China localisation revenue and adverse comparative FX.
• Vista Group profit before tax of $6.2m.
• Vista Group well positioned to capitalise on future opportunities with $24.8m available cash balance.
• Vista Group to pay a fully imputed interim dividend of 1.2 cents per share for H12019 on Friday 27 September 2019 – the top end of the dividend policy range.

[King1212]

But the growth is huge once moved all to Saas...

[kiora]

Its a hold/buy
Anyone short?

[sb9]

Not quite the result I had been hoping for....

EBITDA down 19%. Operating Profit down 29%. But here's how the company views it;

• 19% growth in revenue over H12018 for the Vista Group core businesses – Vista Cinema and Movio.
• 16% growth in EBITDA over H12018 for the Vista Group core businesses – Vista Cinema and Movio.
• 35% growth in revenue for Movio over H12018 to $11.6m, resulting in 42% growth in EBITDA over H12018 to $2.3m.
• 12% growth in Vista Group consolidated revenue over H12018 to $67.5m.
• Vista Group EBITDA of $11.8m reduced 19% over H12018 impacted by a decline in movieXchange revenue, reduction in Vista China localisation revenue and adverse comparative FX.
• Vista Group profit before tax of $6.2m.
• Vista Group well positioned to capitalise on future opportunities with $24.8m available cash balance.
• Vista Group to pay a fully imputed interim dividend of 1.2 cents per share for H12019 on Friday 27 September 2019 – the top end of the dividend policy range.

Yeah, bit underwhelming. Did have a look at them few weeks back looking to add but thought I'll wait until the results are out. Also, looks like one of the funds have been reducing their holdings recently (Investment Services I think).

Might see the sp drift below $5 in the short term, just my take DYOR.

[sb9]

Hmmm...down 20% on open, looking nasty.

[Leftfield]

Yeah, bit underwhelming. ....Might see the sp drift below $5 in the short term, just my take DYOR.

Ouch down a $1 on opening.... I'm regretting my recent decision to top up a few.

VGL now the only red ink in my portfolio! :mad ;:

Will take a walk and make my decision.... hold or sell?? Move to SAAS is a good move but 2 years away?

[King1212]

Good pick up today.....thanks!

[King1212]

The growth is huge...why sell! Once on Saas then is a cash machine...

[Leftfield]

Thanks King....everything is better after a long walk. Overall my portfolio up at this point today, so can't grumble.

Keep calm and carry on!

[RupertBear]

OUCH! This is ugly! Must be good buying at this price surely?! Hope so as $4.11 was too tempting for me so it will probably go below $4 now :ohmy:

[RupertBear]

Geepers $4.00 time to go for a walk

[carrom74]

OUCH! This is ugly! Must be good buying at this price surely?! Hope so as $4.11 was too tempting for me so it will probably go below $4 now :ohmy:

Should go below $4 RB...its surely tempting!

[sb9]

OUCH! This is ugly! Must be good buying at this price surely?! Hope so as $4.11 was too tempting for me so it will probably go below $4 now :ohmy:

That's the problem with dual listed stocks, aussies are more brutal to slam the price down.

[Leftfield]

Should go below $4 RB...its surely tempting!

Major re-rating going on. Too early to pick bottoms IMHO. (Nasty habit anyway!)

[JayRiggs]

Topped at at 4.38 then again at 4.00. Far too tempting for me :p
One thing I noticed was admin expenses was over $10m more than last year, pushing operating profits down 29%.
Haven't had time to read the report in detail yet. Anyone know what these admin expenses were?

[sb9]

Major re-rating going on. Too early to pick bottoms IMHO. (Nasty habit anyway!)

I suspect the fund I mentioned before Investment Services Group have been gradually reducing their stake this year going down from 8.69% to 6.84% and recently to 5.72%. As at current notice they hold 9.5mln shares under their belt. I'm picking they might go under 5% threshold soon if they continue their intentions of offloading.

So, it probably is wise to wait before doubling down or planning to buy in, just my 2c worth.

[carrom74]

Major re-rating going on. Too early to pick bottoms IMHO. (Nasty habit anyway!)

I concur... but might settle down in the high 300s by today...

[JayRiggs]

Topped at at 4.38 then again at 4.00. Far too tempting for me :p
One thing I noticed was admin expenses was over $10m more than last year, pushing operating profits down 29%.
Haven't had time to read the report in detail yet. Anyone know what these admin expenses were?

Just answering my own question...
"Expenses up 20% chiefly comprising a continued investment in staffing, additional cost of sales (Cinema hardware and Movio), and LTI programs for key executives."

[Leftfield]

I suspect the fund I mentioned before Investment Services Group have been gradually reducing their stake this year going down from 8.69% to 6.84% and recently to 5.72%. As at current notice they hold 9.5mln shares under their belt. I'm picking they might go under 5% threshold soon if they continue their intentions of offloading.

So, it probably is wise to wait before doubling down or planning to buy in, just my 2c worth.

Agree, good post and good advice. Thanks.

[winner69]

Some 36% drop since beginning of month is some thrashing

Obviously I need to take a bit of renewed interest.

[bull....]

dont pie funds have a holding , i think when they dont like something they just ditch?

[winner69]

dont pie funds have a holding , i think when they dont like something they just ditch?

One of their bigger holdings

Fisher Funds did a rave on Vista not that long ago

No doubt both Pie and fishers will remain committed shareholders

[sb9]

Few big crossings happening today, latest being 1.5m shares at $3.85 a piece.

[winner69]

Least it was only a half year result ...and with the bad news out of the way and after today’s reaction the share price will no doubt hang around 4 bucks until early next year

[winner69]

The talk of slowing growth seems to have come out of the blue ...all seemed honky dory a few months ago at the AGM in July

Disclosure problems? ....poor communication to market?


Nothing worse than pissing off the market ....market hates surprises ...might take a while to regain any semblance of credibility

[peat]

yes , wouldnve thought continuous disclosure .... etc

was way overpriced at $6 though

even under $4 the p/e is pretty crazy.

[winner69]

Been studying up

They say — Over time we will be targeting Vista Group revenue growth in the region of 13% to 18% as the business grows (excluding any acquisitions)

13% to 18% doesn’t seem much in light of the hype etc ...no wonder share price plummeting

[bull....]

nasty close on the lows

[RupertBear]

Brutal day...close to a 30% drop...yikes....:ohmy:

[carrom74]

ASX just had a notice which says that Will Palmer -Movio CEO purchased 125,000 shares today at $3.90...today( in NZX)

[JayRiggs]

ASX just had a notice which says that Will Palmer -Movio CEO purchased 125,000 shares today at $3.90...today( in NZX)

hmmmm bit cheeky after selling some @$5+ earlier this year aye? ;)

[carrom74]

hmmmm bit cheeky after selling some @$5+ earlier this year aye? ;)

Also the timing of the notice is also a surprise... Never saw a notice coming out on the day of the purchase...(may be it has happened before)...NZX still hasn't released it yet.

May be to instill faith through this purchase after some serious battering... who knows??

[RGR367]

Too tempting not to take a punt at this now so I grabbed a bit at today's closing sp. Might catch some more if it goes another 50 cents or lower 2morrow. I'm a holder now and even mentioned then that I will not be a holder of this stock. Guess you should never say never. I blame the falling Market for my gut feel action :cool:

[Baa_Baa]

I suspect the fund I mentioned before Investment Services Group have been gradually reducing their stake this year going down from 8.69% to 6.84% and recently to 5.72%. As at current notice they hold 9.5mln shares under their belt. I'm picking they might go under 5% threshold soon if they continue their intentions of offloading.

So, it probably is wise to wait before doubling down or planning to buy in, just my 2c worth.

That was prescient, the day after ... 'boom' on massive volume. Look at the course of trades for the day and the big numbers changing hands and the crossings at close. Someone big wants out.

[Snow Leopard]

I have this bit of software that goes through the days share price movements and flags up things that have moved a lot.

Unfortunately today it put VGL on the list.

In days of old when I held this stock and hardly anyone else talked about it I was always baffled by the ridiculous price it traded at to the extent that I eventually sold it for something more comfortable.

So three years later and what do I see?
A company achieving world domination but not making much money doing it.
A company still trading at a ridiculous price, even after the collapse today.

Why anyone would think of buying into this now is beyond me.

Enlighten me :mellow:

Disc:
Currently go to the movies once a week on 9 ringgit days.

Last week watched:

Makmum (http://www.cinema.com.my/movies/details.aspx?search=2019.14770.makmum.29482&lang=ind&title=Makmum) [ :) :) :) :mellow: ]

http://www.cinema.com.my/images/movies/2019/7makmum00_450.jpg



This week praying that I can find something better than:

The Art Of Racing In the Rain (http://www.cinema.com.my/movies/details.aspx?search=2019.14357.artracinginrain.286 48&lang=eng&title=The-Art-Of-Racing-In-The-Rain): [ :ohmy: :ohmy: ]

http://www.cinema.com.my/images/movies/2019/7artracinginrain00_450.jpg

[RGR367]

...............
In days of old when I held this stock and hardly anyone else talked about it I was always baffled by the ridiculous price it traded at to the extent that I eventually sold it for something more comfortable.

So three years later and what do I see?
A company achieving world domination but not making much money doing it.
A company still trading at a ridiculous price, even after the collapse today.

Why anyone would think of buying into this now is beyond me.

Enlighten me :mellow:

Disc:
Currently go to the movies once a week on 9 ringgit days.

Last week watched:

Makmum (http://www.cinema.com.my/movies/details.aspx?search=2019.14770.makmum.29482&lang=ind&title=Makmum) [ :) :) :) :mellow: ]

http://www.cinema.com.my/images/movies/2019/7makmum00_450.jpg



This week praying that I can find something better than:

The Art Of Racing In the Rain (http://www.cinema.com.my/movies/details.aspx?search=2019.14357.artracinginrain.286 48&lang=eng&title=The-Art-Of-Racing-In-The-Rain): [ :ohmy: :ohmy: ]

http://www.cinema.com.my/images/movies/2019/7artracinginrain00_450.jpg

Probably the same reason why you bought it then in the days of old and would sell for the same reason you did. We will see and as I said before, it was always been gut feel that guided me on my punts when a stock is down.

disc: would only go to the moviehouse on a blockbuster show as I get most of my sports/movies on free streaming

[winner69]

Recent presentation Vista were raving about their revenue growth of 29% pa (CAGR over 4 years to 2018)

Yesterday they said they were targeting ‘over time’ 13% to 18% pa revenue growth


That’s a massive drop in expectations ...no wonder a massive market response yesterday.

[bull....]

pe over 50 is high for a company with declining growth forecasts

[Leftfield]

I have this bit of software that goes through the days share price movements and flags up things that have moved a lot.

LOL. Clever you. I've no software, the daily NZX top gainers/decliners list does the trick for me. ;)


So three years later and what do I see?
A company achieving world domination but not making much money doing it.
A company still trading at a ridiculous price, even after the collapse today.
Enlighten me :mellow:

I doubt I can enlighten someone with your skills (or software!?) and I'm not here to defend VGL, however the same criticism/comments have been made in the past about many of the current 'success' stories, e.g. XRO, ATM to name just two recent ones.

Small to mid cap companies which have a high risk component offer immense returns if they do manage to turn their "world domination" into profitability and become 'large cap companies'.

This week VGL alarmed the market with their announcements of slower growth and they have been punished as a result. I suspect they are being very conservative in their projections and will continue to watch their progress with interest.

Keep watching your movies SL and maybe VGL will have a happy ending!

[winner69]

Insiders still buying

Good sign

[RupertBear]

Insiders still buying

Good sign

Yep “ no worries” eh..... :D

[carrom74]

Getting Hammered at the moment!

[Traderwannabe]

Still going down..... thought the bottom was in at $4.00, obviously not!

[Traderwannabe]

Very large off market transactions going through.

[kiora]

If you want it better be quick.Its going to go back up

[winner69]

Still going down..... thought the bottom was in at $4.00, obviously not!

Be over 4 bucks next week ...maybe even tomorrow

No worries

[Leftfield]

Be over 4 bucks next week ...maybe even tomorrow. No worries

Ever the optimist Winner..... are you buying?

[King1212]

Been looking for some fund to buy at $3.80 but can not source any...don't want to sell my HGH, MEL,NPH....so yeah...missed out...back up again

[winner69]

Ever the optimist Winner..... are you buying?

Already have

Do you think it’ll go back to 6 bucks

That’s more than a 50% gain — that’ll be cool.

Weird that eh ...lowered expected sales growth didn’t seem that bad.

[King1212]

Man..with winner onboard....what could go wrong with Vista!

[Leftfield]

Already have ....Do you think it’ll go back to 6 bucks .

Good on you! Just a question of time. Good company doing good things.

I'm not good at bottom picking (bad habit)...and TA still looking a bit shaky. Fingers poised over the BUY button yet happy to wait till I see the trend changing. Mindful that Oct often a tricky time ahead.

[kiora]

You missed the hint at 2:49 pm.:)

[dompf]

This company has legs; they didn’t hit expectation and were hammered; but the movie industry has weathered pirating and the internet at high speeds and Netflix etc and they are still here; if there is a depression people still watch good movies. I’m happy with my stake in these guys was my biggest performer now ... not so much but it’s ok I think buying is at a good level if people want to come in. I’ll hold :-)

[winner69]

This company has legs; they didn’t hit expectation and were hammered; but the movie industry has weathered pirating and the internet at high speeds and Netflix etc and they are still here; if there is a depression people still watch good movies. I’m happy with my stake in these guys was my biggest performer now ... not so much but it’s ok I think buying is at a good level if people want to come in. I’ll hold :-)

It was much worse than ‘not hitting expectations’ — it was the lowering of future growth expectations that pissed the market off.

Good for some — hope the hype builds again and rather share price gets back to 5 bucks soon and then on to all time highs over 6 bucks

Thought we’d have to wait until tomorrow for 4 bucks but heck today was a good one eh

[dompf]

It was much worse than ‘not hitting expectations’ — it was the lowering of future growth expectations that pissed the market off.

Good for some — hope the hype builds again and rather share price gets back to 5 bucks soon and then on to all time highs over 6 bucks

Thought we’d have to wait until tomorrow for 4 bucks but heck today was a good one eh


It moved off off the floor to a 7% increase today - makes me happy; happy people watch movies: and sad people do as well. Today I’ll watch a movie. :-)

[King1212]

Only old farts don't go to movie....youngs one always do... especially dating...ehmmm still remembered the good time of watching movies in the cinema with girl friends... 😆

[winner69]

Looking good again today

Now 10% off its low

All looking good — esp if the hype comes back after a few days of disappointment

[RTM]

Only old farts don't go to movie....youngs one always do... especially dating...ehmmm still remembered the good time of watching movies in the cinema with girl friends... ��

My mum at 89 is still enjoying going to the movies Mr King. Her son as well.
So you mean...….really really old farts ?

[winner69]

More and more punters going to more ‘exhibitors’ and each punter spending more

All good for Vista

Impressive chart in recent presentation

Collapse in share price must have been a complete over reaction ....yes?

So 5 bucks sooner than later .....then back to where it was a month or so ago

[winner69]

My mum at 89 is still enjoying going to the movies Mr King. Her son as well.
So you mean...….really really old farts ?

Even I go to the movies ....quite cool the day time sessions with cut prices

Saw “Blinded by the Light” last week. All about a Pakistani teen living in Luton who discovers the working-class anthems of Bruce Springsteen. A darn good and likeable movie.

Former Australian Treasurer (minister of finance) said The Boss was one of his economic heroes ...more influential than Keynes.

[forest]

Where do you think the future growth is likely to come from winner or others?
I see in VGL a company priced for a lot of growth P/Rev close to 5, 2018 P/E about 56, this year P/E who knows might be even higher.
The company already has 30 to 40% market share so I am not seeing the great potential.

[King1212]

Fisher fund top up again?

[kiora]

Where do you think the future growth is likely to come from winner or others?
I see in VGL a company priced for a lot of growth P/Rev close to 5, 2018 P/E about 56, this year P/E who knows might be even higher.
The company already has 30 to 40% market share so I am not seeing the great potential.

Market share,new products & margins,on wards & upwards

[Leftfield]

xxxxxxxxxxyz

[winner69]

Fisher fund top up again?

Sure know when there’s a bargain around eh

They be happy with 50% gain over nxt year as share price gets back to previous all time highs

[winner69]

xxxxxxxxxxyz

That was a good post you couldn’t delete

[Leftfield]

That was a good post you couldn’t delete

lol....one of my more constructive posts!! ;)

(FWIW was going to answer Forest's #178 but Kiora's #180 says it better.)

[forest]

Market share,new products & margins,on wards & upwards

:), I guess I do not understand the potential in this company even after a read of their latest announcement.

[RupertBear]

Geez I didnt see it going down this much :eek2: well in the red with this one and not thinking of topping up either :(

[Traderwannabe]

3:15:01 pm
3:15:01 pm
363
2,349,421
17
$8,528,398
1



Big parcel today went through at $3.63. What is going on? Thought it may have bounced by now, only to be sinking slowly everyday!

[RupertBear]

3:15:01 pm
3:15:01 pm
363
2,349,421
17
$8,528,398
1



Big parcel today went through at $3.63. What is going on? Thought it may have bounced by now, only to be sinking slowly everyday!


Yep I have no idea whats going on either :confused:

[winner69]

3:15:01 pm
3:15:01 pm
363
2,349,421
17
$8,528,398
1



Big parcel today went through at $3.63. What is going on? Thought it may have bounced by now, only to be sinking slowly everyday!

Bad announcement, much lower expected growth and not giving punters much to get excited about .....that has pissed the market off and likely to become a market pariah.

Unloved and unwanted and is it’s often hard to recover from this state — 40% off its highs says it all and it’s still grossly overvalued

But no worries - Fisher through Kingfisher still think it’s going great and buying more

B

[RupertBear]

Bad announcement, much lower expected growth and not giving punters much to get excited about .....that has pissed the market off and likely to become a market pariah.

Unloved and unwanted and is it’s often hard to recover from this state — 40% off its highs says it all and it’s still grossly overvalued

But no worries - Fisher through Kingfisher still think it’s going great and buying more

B

Un everything but no worries, phew, thanks Winner :eek2: :laugh:

[Leftfield]

I've been buying in the recent lows and like the news in this announcement (https://www.directbroking.co.nz/DirectTrade/dynamic/announcement.aspx?id=5160129)

Onwards and upwards.... nicely positioned.

[winner69]

Interesting charts from Clare Capital

[kiora]

Due for a rerate?

[Leftfield]

Due for a rerate?

Bollinger bands tightening......think where this could be in 5 yrs.

ps..... went to the movies last weekend...booked online, nice and easy. Impressed to see this at the bottom of my ticket.
10810

DYOR.... I'm biased and holding.

[kiora]

Me too :t_up:

[tomm]

Insider are buying , bang bang bang . 1Mil shares went through. Excellence.

[RupertBear]

Insider are buying , bang bang bang . 1Mil shares went through. Excellence.

Excellent! This has been one of my worst investment so far this year. Have a big red dirty arrow beside its name :( be good to see it drift back up or even better ZOOM back up BOOM :D

[tomm]

Excellent! This has been one of my worst investment so far this year. Have a big red dirty arrow beside its name :( be good to see it drift back up or even better ZOOM back up BOOM :D
They got a contract to install their softwares in Japan , the work will start in April next year.

[RupertBear]

They got a contract to install their softwares in Japan , the work will start in April next year.

thanks tomm I did not know that :)

[tomm]

thanks tomm I did not know that :)

Vista Group Signs Aeon Entertainment, Japan’s Largest Cinema Chain


Vista Group International (NZX & ASX: VGL), the world’s leading provider of software solutions for the global film industry, has signed Aeon Entertainment Co Ltd (http://www.aeonent.com/) (‘Aeon’), its first customer in Japan. Japan is one of the “top 5” film exhibition markets in the world by Box Office revenue.
Vista Group companies Vista Entertainment Solutions (‘Vista Cinema’) and Movio, will provide their respective cinema management and marketing data analytics software solutions to Aeon who operate 91 cinema sites throughout Japan comprising 774 screens.

The roll-out of the Vista Cinema and Movio solutions for Aeon in Japan will be completed by February 2020.
https://movio.co/blog/vista-group-signs-aeon/

https://www.dcinematoday.com/dc/pr?newsID=5111

[Leftfield]

Thanks for posting Tomm. Although TA puts it in 'death cross' territory. Arguably a good opportunity to buy on weakness, though you need to be patient, or alternately wait for a 'golden cross'.

I like this one and am slowly building up a holding.

[tomm]

Thanks for posting Tomm. Although TA puts it in 'death cross' territory. Arguably a good opportunity to buy on weakness, though you need to be patient, or alternately wait for a 'golden cross'.

I like this one and am slowly building up a holding.
You are absolutely right. patient is the key.

[RupertBear]

Thanks for posting Tomm :)

[tomm]

Thanks for posting Tomm :)
I am getting excited until things are put in place for VGL. They have addressed the issued last year by saying that mean there are more revenue due to full aquisition of Movio and the signing to use their software with Japanese Aeon next year.

Vista Cinema’s strong first half was highlighted by the successful implementation and go-live of 90 sites with Marcus Theatres in the USA. Revenue expansion continues with the recent launch of new product innovations Serve, Horizon and very successful expansion of hardware and other third-party offerings.
Movio’s first half achievements included the implementation of Aeon, Movio’s first Japanese cinema exhibitor. Regional growth of 43% in LATAM and 41% in EMEA has increased Movio Cinema’s global footprint to 55 countries. Movio Media revenue was strong due to an increase in Research revenue and renewed contracts with Amazon, Warner Bros. and Viacom.
Additional Group Companies (AGC) performance reflected modest revenue increases. Powster continues revenue growth from its showtimes platform, though creative projects targeted for H12019 have now been pushed to later in the year. Maccs’ business had a strong first half. New deals signed in July 2019, plus reporting expansion via collaboration with Vista Cinema in Europe, provides an encouraging outlook for Maccs. Flicks has obtained unique user growth in both Australia and New Zealand, with “Your Cinema” websites now being used by 97 cinemas across 13 countries.
Early Stage Investments’ (ESI) revenue was impacted by a one-off prior year transaction for Cinema Intelligence and revenue in movieXchange dropping due to the decline of MoviePass, a key ticketing partner for movieXchange tickets in 2018.
Associate company Numero achieved strong revenue growth over the 2018 corresponding period. Numero is now providing reporting services in multiple countries, global coverage has reached 22 territories.
Vista China H12019 highlight was the addition of 89 new sites. Vista Group is in advanced negotiations to acquire a controlling stake in Vista China.
JV company Stardust is not consolidated. It continues to focus on product enhancements to expand its reach to avid moviegoers.
Kimbal Riley
Group Chief Executive
Vista Group International Ltd

[King1212]

Fisher fund has been busy pushing the sp down and bought heaps..up to 12% now..the last time they bought in SUM where the SP was down to $5.20 ish...now SUM has recovered well. Wonder Fisher knew something coming up.....or taking the opportunity to top up hard out. I still believe VGL will do go long term....

[King1212]

Wow..62% of china Vista.....no wonder Fisher fund kept buying!

[Cadalac123]

When I was new to trading this was one of my first stocks I bought into. At that time I didn't understand basic fundamental or technical analysis.
I bought at the peak while it was being hype driven. Lost about $2000 on this stock once that poor report came out.

This is pretty low now and I'm tempted to analyse the company properly and see if its worth investing in.. maybe make back that 2000$ but I do adhere to a rule to stay away from companies I lose on out of greed to earn the money back (which I feel biases my analysis the second time around)

[tomm]

Vista Group to Acquire Controlling Stake in Vista ChinaVista Group International Limited (‘Vista’) is pleased to announce that it has today entered into anagreement to acquire a further 14.5% of Vista Entertainment Solutions (Shanghai) Limited (‘VistaChina’) from its fellow shareholder Beijing Weying Technology Co. Ltd (‘WePiao’) to give it acontrolling 62% stake in the entity

[King1212]

Great news ...I reckon...

https://www.nzx.com/announcements/346441

China is a tremendous prospect for Vista Group. 12 of the world’s top 20 cinema exhibitor chains operate in that market, the 2019 box office in China has already exceeded that of 2018 and cinemas are being built at such a rate that by 2021 there is expected to be almost twice as many cinema screens in China as there are in the USA.”

[peat]

do adhere to a rule to stay away from companies I lose on out of greed to earn the money back (which I feel biases my analysis the second time around)

For sure, it doesn't owe you anything.

China is a good cinema region as most of Asia is with growth still present.
Did the Chinese subsidiary ever pay back that rather large loan on the books a couple of years ago? . I never did follow that up. So I'm not up to the minute with Vista but it strives for growth and I think this is a very positive distinguishing aspect of it as a company to invest in. And it has quite a few strings to it bow as it horizontally spreads throughout the industry. So that growth remains very achievable and yes it may have taken a bit of a knock but if the growth rates of the past can return then the higher PE's become less of a negative.
I'm still positive on this company but have a quite small holding due to its volatility. I think it remains a good portfolio candidate as a growth/risk stock.

[King1212]

Another fundie has increased their holding...so the SP has been pushed down so the fundies can top up..won't be long till the SP goes up again...

[Joshuatree]

“China is a tremendous prospect for Vista Group. 12 of the world’s top 20 cinema exhibitor chains operate in that market, the 2019 box office in China has already exceeded that of 2018 and cinemas are being built at such a rate that by 2021 there is expected to be almost twice as many cinema screens in China as there are in the USA.”

Thats great i just wonder if the opposite is happening in the western world though with people streaming everything at home or on their devices.Also i went to a recent popular movie a few days back at EVENT cinemas. 23 minutes after start time they were still doing ads and pumping other movies! at an irritatingly loud volume. Why would one bother tp pay re 17$ or more for this , not me. Only 5 of us there at the time too.

[King1212]

Young generation...where they are dating....in Asia is a must..weekend..young one will go with girl friends and boy friends...not in NZ...young kiwis are too broke to go to movies...

[Joshuatree]

Sure but are they losing mkt share in the West as it gains in Asia , two very different cycles?

[King1212]

Not really..only NZ.....US..UK....movie is a must....Not NZ..young kiwis spend only with Netflix n pizza..m

[Jaa]

Great news ...I reckon...

https://www.nzx.com/announcements/346441

China is a tremendous prospect for Vista Group. 12 of the world’s top 20 cinema exhibitor chains operate in that market, the 2019 box office in China has already exceeded that of 2018 and cinemas are being built at such a rate that by 2021 there is expected to be almost twice as many cinema screens in China as there are in the USA.”

Why did the Chinese partner want to sell down? Could it be that they have already gained enough insight into Vista's software and business strategy? Will a new Chinese competitor mysteriously appear with a similar, more localised product and lower prices? This is a country that runs on pirated versions of Windows and Office.

Lot of unique country specific risk in doing business in China and very few foreign, let alone NZ companies come out on top. My mind drifts back to Rakon's disastrous joint venture in China. Lion Nathan, Fonterra and Comvita's joint ventures are other examples.

Of course, it is ridiculous that you need a local joint venture partner to do business in China to begin with. The same is not true for Chinese companies investing in NZ & Aus. A classic and major non-tariff trade barrier and only one of many.

[Snow Leopard]

It would seem that Vista has had a complex and at times fraught relationalship with it's Chinese partner(s) over the last few years.
I can not remember all the details but it would make an interesting movie plot in it's own right.

Today we went to see

Farmageddon: A Shaun the Sheep Movie

10/10 Laugh out loud funny.

[King1212]

U are comparing business to other businesses. What about A2m...delegate wines....they dealt with China...bother successful....ohh...what about THL...joined venture with USA....are they doing well..just because joined with USA business?

[Jaa]

Your examples prove my point. Neither A2m or Delegate have joint ventures in China, they merely export to China. No doubt they give up some margin to Chinese distributors but this is a far less risky approach. Also you can't copy wine and milk the way you can software.

USA has a functioning legal system.

[King1212]

https://www.thedrinksbusiness.com/2018/03/nearly-40-chinese-consumers-admit-to-purchasing-fake-booze/

Anything can be copied ..in China.

[King1212]

https://www.msn.com/en-nz/money/business/2019-us-box-office-projected-for-dollar114-billion-in-ticket-sales-second-highest-of-all-time/ar-BBYrCw0

[peat]

https://www.msn.com/en-nz/money/business/2019-us-box-office-projected-for-dollar114-billion-in-ticket-sales-second-highest-of-all-time/ar-BBYrCw0

its amazing isn't it how even when everybody has huge tv screens at home they still want to go see a movie.
Is it just the delayed release strategy that does this or do people really wanna go out and see it on the much larger screen?
Would the shrinking of the delayed release timeframe kill the movie industry. Could that happen i.e movies go straight to DVD/streaming.

[tomm]

its amazing isn't it how even when everybody has huge tv screens at home they still want to go see a movie.
Is it just the delayed release strategy that does this or do people really wanna go out and see it on the much larger screen?
Would the shrinking of the delayed release timeframe kill the movie industry. Could that happen i.e movies go straight to DVD/streaming.
It just the singles with dates and cheerings out or the teenagers are hanging out together or just a bit of romantics timeout of family's couples, I am and was one of them :)

[King1212]

I would say it is for the experience...going out dining n then entertainment. Netflix has limited box offices latest movies...n too be honest a kind of boring stuck in the house with big screen TV everyday...would be fun to hang out with mates watching latest movies

[dobby41]

I would say it is for the experience...going out dining n then entertainment. Netflix has limited box offices latest movies...n too be honest a kind of boring stuck in the house with big screen TV everyday...would be fun to hang out with mates watching latest movies

About right I think.
It is entertainment - a night out - a change of scene.

[tomm]

Vista Group International Limited (NZX & ASX:VGL) advises that it intends to
release its financial results for the 12 month period ended 31 December 2019
on Thursday, 27 February 2020.

[RupertBear]

Vista Group International Limited (NZX & ASX:VGL) advises that it intends to
release its financial results for the 12 month period ended 31 December 2019
on Thursday, 27 February 2020.

Geez hope they good as I am in the red with this one...:(

[tomm]

Geez hope they good as I am in the red with this one...:(
I expect it should be higher than last time because they bought all the stocks in VistaChina and just quite there yet as the new jobs for the Japanese will be complete in February 2020.

[RupertBear]

Craigs latest report a bit bleak on Vista, coronavirus going to hit them hard. Think I might bail for the foreseeable future

[winner69]

Share price still plunging .....heading sub 3 bucks


That’s lowest price for a long time


Hard to see a quick recovery here ...but will keep watching thst chart.

[Cadalac123]

Negative sentiment related to China I wonder .. movie industry prob not so great there at the moment

[tomm]

Hold On folk....

[kiora]

Hold On folk....

To your pants or your pocket?

[King1212]

pretty bad alright...

https://www.cnbc.com/2020/02/11/beijing-scrambles-to-support-chinese-economy-as-coronavirus-hits-business.html

[tomm]

Seems the Sp is hanging on to it very well .

[Leftfield]

Seems the Sp is hanging on to it very well .

Roll on results this week.

[Leftfield]

Market seems to like VGL results..... see them here (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/VGL/349033/317618.pdf).

Revenue only up 11%. SAAS revenue now 33%. However profit down 14% EBITDA down 5%.

I'm disappointed. VGL the only red ink in my portfolio, so I've de-risked and reduced my holding 50%.
That said, I'm going to continue to hold as I like what they are trying to achieve but suspect it will be FY21 before we get much good news.

[Leftfield]

VGL suspends guidance and dividends. See it here. (https://www.nzx.com/announcements/350045)

Positives mentioned....
- Theatre ticket sales account for less than 5% revenue
- 60% of revenue is 'reoccuring'

[tomm]

VGL suspends guidance and dividends. See it here. (https://www.nzx.com/announcements/350045)

Positives mentioned....
- Theatre ticket sales account for less than 5% revenue
- 60% of revenue is 'reoccuring'
Picked up some chips cheaps chaps stocks.

[tomm]

Why did they stop trading at this time for VGL ??? anyone knows ?

[peat]

VGL suspends guidance and dividends. See it here. (https://www.nzx.com/announcements/350045)

Positives mentioned....
- Theatre ticket sales account for less than 5% revenue
- 60% of revenue is 'reoccuring'

yeh , remember they don't sell tickets.
However movie industry in general will suffer a prolonged setback I think so maybe the selloff isn't overdone

[peat]

Why did they stop trading at this time for VGL ??? anyone knows ?
they are still trading afaik

there is an announcement saying a further purchase of shares in their Chinese associate will be cancelled, which is just prudent

[tomm]

They just resume trading now.

[tomm]

they are still trading afaik

there is an announcement saying a further purchase of shares in their Chinese associate will be cancelled, which is just prudent
It is a very wise move from them.

[Leftfield]

VGL $65 Million capital raising announcement today. See it here. (https://www.nzx.com/announcements/351733)

Battening down the hatches to weather the storm. Prudent.

[whatsup]

VGL $65 Million capital raising announcement today. See it here. (https://www.nzx.com/announcements/351733)

Battening down the hatches to weather the storm. Prudent.

Boyo @ $1.05 for the SPP, huge discount on last trades @ $1.40 ( was there a pump here ? )

[King1212]

Definitely...it was up really fat within 2 days

[nevchev]

Boyo @ $1.05 for the SPP, huge discount on last trades @ $1.40 ( was there a pump here ? )
Seems to be the case.At the least a leaky boat.With world recession in play,as a luxury product they will need every penny!!

[whatsup]

Boyo @ $1.05 for the SPP, huge discount on last trades @ $1.40 ( was there a pump here ? )

I think that the SPP should be $1.00 ( the price it was before yesterdays pump ) LESS 25% announced, the $1-05 takes it back to yesterdays price before the pump !!

[nevchev]

Trading halt untill the 20th.I smell a rat!!!