Intelligent Investor

Village Roadshow Limited

By · 3 Jul 1998
By ·
3 Jul 1998
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Village Roadshow Limited - VRL
Current price
$3.00 at 16:35 (31 December 2020)

Price at review
$2.93 at (03 July 1998)
All Prices are in AUD ($)
Village Road Show - $2.93: The company is considering making a $100 million bid for the Hong Kong based Golden Harvest group, the world's largest producer of Chinese language films. Such a bid would undoubtedly be made in an attempt to foil the growth plans of such players as News Corporation, which is rumored to be considering a placement in Golden Harvest. VRL already holds a 16% stake in Golden Harvest and such a move would fit in with its existing growth strategy. Continue to Accumulate.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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