Village Roadshow continues to impress

We remain in no rush to sell Village Roadshow. Since upgrading the entertainment group in Village Roadshow: A profitable ride? (Long Term Buy – $3.80) its share price has rallied 97%, thanks mainly to a re-rating of decent industrial businesses, although we’ve welcomed the company’s steady refocus on shareholders and decent results from its operating divisions. The latest spoils from this approach have just arrived in shareholders' accounts. After selling US water parks in Phoenix and Hawaii for $27m in November, Village declared a $0.25 per share special distribution (split as 13c as a special dividend and 12c as a...

We remain in no rush to sell Village Roadshow. Since upgrading the entertainment group in Village Roadshow: A profitable ride? (Long Term Buy – $3.80) its share price has rallied 97%, thanks mainly to a re-rating of decent industrial businesses, although we’ve welcomed the company’s steady refocus on shareholders and decent results from its operating divisions.

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