"Village Roadshow is reported to be looking at raising up to $50 million in an issue after the shares were suspended yesterday at the company’s request.
The company asked for the trading halt until tomorrow.
Soon after the news of the halt market rumours suggested the company, which has been troubled by weak trading in its cinemas and theme parks and losses from asset sales, was looking to raise around $50 million from shareholders."
VRL Price at posting:
$2.18 Sentiment: Hold Disclosure: Not Held