No rush to sell Village

Village Roadshow’s share price has risen 66% since upgrading in Village Roadshow: A profitable ride? from 6 Dec 12 (Long Term Buy – $3.80) and is now well clear of our $5.50 sell price. Still, we’re in no rush to sell. With the theme park business benefiting from a lower Aussie dollar and sunny weather, combined with higher cinema visitation, we expect it to produce an impressive result – and better than we previously expected – when it reports later this month. Longer term, the company's new water park in Western Sydney, developments in China, and a cinema production venture that looks...

Village Roadshow’s share price has risen 66% since upgrading in Village Roadshow: A profitable ride? from 6 Dec 12 (Long Term Buy – $3.80) and is now well clear of our $5.50 sell price. Still, we’re in no rush to sell. With the theme park business benefiting from a lower Aussie dollar and sunny weather, combined with higher cinema visitation, we expect it to produce an impressive result – and better than we previously expected – when it reports later this month.

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