Village Roadshow Share Price Rise of 1.19% Shows Positive Turnaround

Village Roadshow Ltd [ASX:VRL] have managed to steer their shares in the right direction, with  a 1.19% rise this morning.

Their shares are valued at $3.39, however earlier this year they were valued at $4.00.

Founded in 1954, and with a market cap of $555.207 million, Village Roadshow specialises in theme park operations, film distribution and cinema exhibition.

They are based in South Yarra Australia and distribute films to Greater China, Singapore, New Zealand and its home country Australia.

Recovery from tragedy

After the tragic events which took place at Dreamworld theme park in 2016, all theme parks were cast in a negative light.

Only in the month of January 2018 has Village seen a positive turn around, with ticket sales pricking up.

Rask media report that Village Roadshow stated:

VRL’s Theme Parks on the Gold Coast has seen improved ticket revenues in the month of January which indicates a significant recovery following the introduction of the new ticketing and marketing strategy in November 2017, however the impact of this cannot be fully determined until after the key annual pass renewal period of May/ June.

Village Cinemas continues to stand against streaming services such as Netflix, Stan and Hulu, as they continue to grow in users.

What’s next for Village?

Village Roadshow will continue their commitment to the Gold Coast as they focus on theme park sales during the commonwealth games.

Sea World will launch a new seal presentation, and with it an interactive splash zone accessible for people with disabilities.

In the past five years, Village Roadshow has spent roughly $200 million on its Gold Coast operations.

Their newest spectacle, the HyperCoaster, will be ranked as the fastest, longest and tallest rollercoaster in the Southern Hemisphere.

Regards,

Ryan Clarkson-Ledward,
For Money Morning

PS: China is once again set to boom becoming a financial powerhouse. And you can very much profit from this occurrence which is set to take place at any moment. Sam and Harje from Money Morning have collaborated all of their key details in the free report titled, ‘China’s New Boom’, which outlines the fundamentals to such an occurrence.


Ryan Clarkson-Ledward is an Editor at Money Morning.

Ryan holds degrees in both communication and international business. He helps bring Money Morning readers the latest market updates, both locally and abroad. Ryan tackles all the issues investors need to know about that the mainstream media neglects.

Ryan is also the Editor of Australian Small-Cap Investigator, a stock tipping newsletter that hunts down promising small-cap stocks by dissecting the latest events affecting the world.

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