Negative sentiment related to China I wonder .. movie industry prob not so great there at the moment
Printable View
Negative sentiment related to China I wonder .. movie industry prob not so great there at the moment
Hold On folk....
pretty bad alright...
https://www.cnbc.com/2020/02/11/beij...-business.html
Seems the Sp is hanging on to it very well .
Market seems to like VGL results..... see them here.
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.
VGL suspends guidance and dividends. See it here.
Positives mentioned....
- Theatre ticket sales account for less than 5% revenue
- 60% of revenue is 'reoccuring'
Why did they stop trading at this time for VGL ??? anyone knows ?