Morningstar | German Films Too Wild for Event; Better Things to Do at Home
Event Hospitality and Entertainment operates the Greater Union and Event Cinemas brands. The company uses its operational knowledge overseas, with cinema businesses in Germany and New Zealand. Management announced in October 2018 that it has entered into an agreement to sell the German cinema unit for between AUD 210 and 358 million. Solid nonmovie leisure businesses include the Rydges Hotels chain, the expanding QT Hotels chain, Thredbo ski resort, and a growing property arm. These help offset box-office downturns. The company's conservative management and strong dividend-paying history are also attractive. However, its low liquidity is a negative.EVENT Hospitality and Entertainment Limited, formerly Amalgamated Holdings Limited, is engaged in cinema exhibition operations; ownership, operation and management of hotels and resorts in Australia and Overseas, and property development. The Company's principal activities include cinema exhibition operations in Australia, including technology equipment supply and servicing, and the State Theatre; cinema exhibition operations in New Zealand and Fiji; cinema exhibition operations in Germany; operation of the Thredbo resort, including property development activities, and investment properties and investment in shares in listed and unlisted companies. The Company's segments include Entertainment Australia, Entertainment New Zealand, Entertainment Germany, Hotels and Resorts, Thredbo Alpine Resort, and Property and Other Investments. The Company has operations in Australia, New Zealand, Fiji and Germany.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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