Village Roadshow under review
We're updating our view on Village Roadshow and have removed the price guide for the time being.
Recommendation
Village Roadshow Limited -
VRL
Current price
$3.00 at 16:35 (31 December 2020)
Price at review
$2.16 at (02 May 2018)
All Prices are in AUD ($)
Theme park and cinema operator Village Roadshow issued a profit warning recently. Following a change in analyst coverage, we need to fully review the business before updating our recommendation, particularly given Village's high debt levels. We're removing the price guide, risk ratings and maximum portfolio weighting and placing the stock UNDER REVIEW.
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.
Recommendation
Village Roadshow Limited -
VRL
Current price
$3.00 at 16:35 (31 December 2020)
Price at review
$2.16 at (02 May 2018)
All Prices are in AUD ($)
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