A director at EVT Ltd maiden bought 10,766 shares at 11.650AUD and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...
EVENT HOSPITALITY (AU), a company active in the Recreational Services industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the anal...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Summary Entertainment One Ltd. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Entertainment One Ltd. (eOne) is an independent studio. It develops, acquires, produces, finances, distributes and sells content rights and entertainment content. The company's content ...
A key takeaway from a competitor's recent investor day is the appeal of Event Hospitality and Entertainment's cinema exhibition unit. Accounting for almost half of the group's earnings (excluding for-sale German cinemas and corporate costs), the combined business in Australia and New Zealand generated an EBIT CAGR of 5% in the past five years, while the asset base increased by only 3% per year on average. There are structural threats from digital alternatives. But the impact has been moderate to...
A key takeaway from a competitor's recent investor day is the appeal of Event Hospitality and Entertainment's cinema exhibition unit. Accounting for almost half of the group's earnings (excluding for-sale German cinemas and corporate costs), the combined business in Australia and New Zealand generated an EBIT CAGR of 5% in the past five years, while the asset base increased by only 3% per year on average. There are structural threats from digital alternatives. But the impact has been moderate to...
A key takeaway from a competitor's recent investor day is the appeal of Event Hospitality and Entertainment's cinema exhibition unit. Accounting for almost half of the group's earnings (excluding for-sale German cinemas and corporate costs), the combined business in Australia and New Zealand generated an EBIT CAGR of 5% in the past five years, while the asset base increased by only 3% per year on average. There are structural threats from digital alternatives. But the impact has been moderate to...
Benefits of Event Hospitality and Entertainment's diverse asset mix were evident in its fiscal 2019 first-half result. On the positive side, the cinemas performed better than expected, with Australia EBIT up 10% and NZ up 20%, while Thredbo continued its recent upward earnings trend (EBIT up 7%). On the negative side, hotels struggled amid softer market conditions (EBIT down 3%) and the German cinema unit saw EBIT slump 74% as a result of cyclical and film quality-related issues. These negative...
Benefits of Event Hospitality and Entertainment's diverse asset mix were evident in its fiscal 2019 first-half result. On the positive side, the cinemas performed better than expected, with Australia EBIT up 10% and NZ up 20%, while Thredbo continued its recent upward earnings trend (EBIT up 7%). On the negative side, hotels struggled amid softer market conditions (EBIT down 3%) and the German cinema unit saw EBIT slump 74% as a result of cyclical and film quality-related issues. These negative...
Benefits of Event Hospitality and Entertainment's diverse asset mix were evident in its fiscal 2019 first-half result. On the positive side, the cinemas performed better than expected, with Australia EBIT up 10% and NZ up 20%, while Thredbo continued its recent upward earnings trend (EBIT up 7%). On the negative side, hotels struggled amid softer market conditions (EBIT down 3%) and the German cinema unit saw EBIT slump 74% as a result of cyclical and film quality-related issues. These negative ...
We retain our AUD 13.00 per share fair value estimate for Event Hospitality and Entertainment, following the group's decision to offload its German cinema unit. On a pro forma basis, we calculate the AUD 210 million sale to be 8% EPS-dilutive, improving to 6% if the German cinema market improves in 2019 to trigger an additional payment to Event (up to another AUD 148 million). The earnings impact is insufficiently material to alter our intrinsic assessment for Event, especially as the proceeds w...
We retain our AUD 13.00 per share fair value estimate for Event Hospitality and Entertainment, following the group's decision to offload its German cinema unit. On a pro forma basis, we calculate the AUD 210 million sale to be 8% EPS-dilutive, improving to 6% if the German cinema market improves in 2019 to trigger an additional payment to Event (up to another AUD 148 million). The earnings impact is insufficiently material to alter our intrinsic assessment for Event, especially as the proceeds w...
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 ...
We retain our AUD 13.00 per share fair value estimate for Event Hospitality and Entertainment, following the group's decision to offload its German cinema unit. On a pro forma basis, we calculate the AUD 210 million sale to be 8% EPS-dilutive, improving to 6% if the German cinema market improves in 2019 to trigger an additional payment to Event (up to another AUD 148 million). The earnings impact is insufficiently material to alter our intrinsic assessment for Event, especially as the proceeds w...
We lift our fair value estimate on Event Hospitality and Entertainment by 3% to AUD 13.00 per share, driven by higher-than-expected benefits of operating efficiency drive from the current transformation program. While the 9% rise in fiscal 2018 normalised net profit after tax to AUD 124 million was 5% below our estimate, the miss was mostly due to lower-than-expected cinema earnings with combined EBIT from Australia, New Zealand, Germany theatres down 10% to AUD 98 million in fiscal 2018, below...
We lift our fair value estimate on Event Hospitality and Entertainment by 3% to AUD 13.00 per share, driven by higher-than-expected benefits of operating efficiency drive from the current transformation program. While the 9% rise in fiscal 2018 normalised net profit after tax to AUD 124 million was 5% below our estimate, the miss was mostly due to lower-than-expected cinema earnings with combined EBIT from Australia, New Zealand, Germany theatres down 10% to AUD 98 million in fiscal 2018, below...
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. 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 ...
We lift our fair value estimate on Event Hospitality and Entertainment by 3% to AUD 13.00 per share, driven by higher-than-expected benefits of operating efficiency drive from the current transformation program. While the 9% rise in fiscal 2018 normalised net profit after tax to AUD 124 million was 5% below our estimate, the miss was mostly due to lower-than-expected cinema earnings with combined EBIT from Australia, New Zealand, Germany theatres down 10% to AUD 98 million in fiscal 2018, below...
Despite its name being more associated with the Australian cinema unit, Event Hospitality and Entertainment's hotel earnings are becoming increasingly important. The hotel division took over as the group's largest earnings generator in the first half of fiscal 2018, accounting for 35% of group EBIT, up from just 12% in fiscal 2012. We forecast this to increase to 40% in five years' time, supported by favourable industry conditions, with the division's five-year EBIT CAGR projected at an impressi...
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