AAD Ardent leisure reported today. Dreamworld attendance up...

First 6 Last

Share
Profile

Follow
perpetually_uncertain

80 Posts.

11

24/08/16

15:44

Post #: 18648483
Share

Originally posted by stlamc ↑

Many s/holders and some brokers got cold feet due to VRL's steep decline in Feb16, due partly/mainly to declining film distribution sales (DVDs etc). The share's rollercoaster ride (no pun intended) throughout 2014 and 2015 probably also spooked some holders.

I had been watching this stock throughout (wouldn't touch it at $7 and $8) and bought in during May and June this year when it finally looked like it found a bottom -- one of my rare and hopefully fruitful episodes of patient investing. Share price has since increased only modestly; it's still far below the consensus target of $6.33 (7 brokers -- same brokers who had a target price of $7.85 back in Feb15). But the $5 low could be tested again if VRL's results disappoint this week.

I'm optimistic (obviously) about VRL longer term, but not convinced or worried whether distribution sales have improved. VRL has plenty of pipeline activity ranging from theme parks in China and Queensland to film production and studio leasing activities. It has some degree of diversification to offset the risk of each business alone (flop films, poor weather for theme parks, etc). Still, VRL's sp could cause sea sickness and, even with its comfy dividend --isn't exactly defensive (some risk the dividend could be reduced).

Expand

AAD Ardent leisure reported today. Dreamworld attendance up 13.2% which should translate well to VRL, also with Commonwealth Games on the GC in 2018 fair amount of upside there.

VRL Price at posting: $5.28 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

AXP

Tambourah chases gold veins and mineralisation extension with drilling

There are more pages in this discussion • 1 more message in this thread...

First 6 Last

Add VRL (ASX) to my watchlist

AAD Ardent leisure reported today. Dreamworld attendance up...

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Tambourah chases gold veins and mineralisation extension with drilling

Featured News