VRL Share Price History
07 Aug, 2020
Australian studios, cinemas and theme park group, Village Roadshow Limited is poised to accept a takeover bid from finance company BGH. It also said that it has raised an additional $50.4 million (A$70 million) near-term financial lifeline. The final price of the BGH offer is contingent on multiple post-coronavirus milestones and points to an implied […]
29 May, 2020
* Loans: Riskier loans test resilience of institutional market By Mariko Ishikawa SYDNEY, May 29 (LPC) - The leveraged finance market Down Under is showing signs of revival, with a couple of event-driven loans injecting life into a market that slowed to a trickle when the coronavirus pandemic hit. Infrastructure services company Ventia and private equity firm Madison Dearborn Partners are leading a US$3.81bn-equivalent pipeline of sizeable term loan Bs, in a test of resilience for institutional loans in Australasia. Ventia is eyeing a A$525m-equivalent (US$340m) dual-currency add-on TLB to fund its acquisition of Broadspectrum, the Australian services unit of Spain's Ferrovial.
18 May, 2020
Australia’s Village Roadshow Limited has begun exclusive sale talks with BGH, one of two finance companies that at the beginning of the year made takeover approaches to the company. The company also said that keeping its cinemas, film studios and theme parks closed is costing it $6.45 million to $9.68 million (A$10-15 million) per month, […]
20 Mar, 2020
Shares in Australia’s Village Roadshow Limited have swung violently in reaction to the company’s warning on the “significant adverse” effect of the coronavirus on its cinema and theme park businesses.On Thursday, shares plunged by more than a third on the Australian Stock Exchange. On Friday, they climbed again by a quarter, to A$1.08, but not enough to recover all their losses. The current stock price also makes it unlikely that either of two tentative takeover bids for Village Roadshow will go ahead in their current form.“Based on international precedent, it is possible that cinemas and / or theme parks may be closed in Australia for a period of time, which would have a serious adverse impact on VRL’s earnings during that time,” said Clark Kirby, CEO, in a corporate statement. He gave no indication of the financial scale of the impact. Cinemas belonging to other chains have already closed, or have cut seating capacity in order to create social distancing, and fewer film releases are being scheduled. Roadshow’s “The Current War” is the only film getting a wide release this week.Australia has now all but sealed its borders to inbound travelers. And Kirby said that Village Roadshow’s theme parks had experienced reduced attendance, especially from international visitors. Forward bookings and sales of annual passes were also declining.The company said that it is taking cost reduction measures and talking to government about “action plans and support.” All employees will be asked to take leave, executive salaries will be cut, and executive bonuses for this year eliminated."The cost reduction measures we are implementing will assist our group earnings and cash flows in challenging circumstances. Most of our earnings are derived from the (Australian) market, which should enable a swift recovery once this terrible pandemic has passed," said Kirby.The company said that it will continue to provide financial information to enable due diligence work by two finance companies, PEP and BGH. In December and January they respectively made indicative bids of A$3.90 and A$4 per share for the company.Village Roadshow Limited owns 31% of the New York-based sales and production company FilmNation, a 24% stake in iPic, the North American cinema chain which went bankrupt in August, and 20% of Village Roadshow Entertainment Group (VREG), a U.S-based content development and production entity.More from Variety * Listen: Cedric the Entertainer on Being Friends With a Trump Supporter, Endorsing Joe Biden and a 'Kings of Comedy' Reunion * What a Delayed Cannes Film Festival Means for World Cinema (Column) * Kylie Jenner Urges Instagram Followers To Self-Quarantine: 'Millennials Are Not Immune To This'
17 Mar, 2020
SYDNEY/HONG KONG, March 16 (Reuters) - At least three Australian takeovers potentially worth a combined $1.2 billion are facing lower prices and contract conditions, three sources said, as financial market turmoil sparked by the coronavirus has made it difficult for advisers and bidders to put price tags on deals. The rethinking on price comes as dealmakers had hoped Australia's relatively low number of coronavirus cases would leave it as a dealmaking sweetspot, while so many other Asia-Pacific economies, including China, the region's biggest driver of takeovers, were hit hard by the virus. Some bidders for Australian and New Zealand Banking Group's car lender UDC Finance and AMP's New Zealand wealth management business are lowering their offers and adding conditions due to the COVID-19 market chaos, two sources with knowledge of the deals said.
16 Mar, 2020
SYDNEY/HONG KONG (Reuters) - At least three Australian takeovers potentially worth a combined $1.2 billion are facing lower prices and contract conditions, three sources said, as financial market turmoil sparked by the coronavirus has made it difficult for advisers and bidders to put price tags on deals. The rethinking on price comes as dealmakers had hoped Australia's relatively low number of coronavirus cases would leave it as a dealmaking sweetspot, while so many other Asia-Pacific economies, including China, the region's biggest driver of takeovers, were hit hard by the virus. Some bidders for Australian and New Zealand Banking Group's car lender UDC Finance and AMP's New Zealand wealth management business are lowering their offers and adding conditions due to the COVID-19 market chaos, two sources with knowledge of the deals said.
27 Feb, 2020
Half Year 2020 Village Roadshow Ltd Earnings Call
29 Jan, 2020
Full Year 2019 Village Roadshow Ltd Earnings Call
28 Jan, 2020
Australian studios, cinemas and theme parks group Village Roadshow Limited has received a tentative takeover bid from private equity firm BGH. The bid follows a December offer from another funds group, Pacific Equity Partners. The earlier offer valued VRL at A$3.90 per share. BGL’s proposal is for a bid worth A$4 per share, payable in […]
19 Dec, 2019
30 Oct, 2019
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
08 Sep, 2019
Village Roadshow Limited (ASX:VRL) is about to trade ex-dividend in the next 4 days. You will need to purchase shares...
16 Aug, 2019
The big shareholder groups in Village Roadshow Limited (ASX:VRL) have power over the company. Generally speaking, as a...