vrl shareholders, page-5

I put this up the other day with the idea of starting a thread for interested parties ,

Seems it was passed into the bleachers so I will add it in here for the VRL holders who missed it .


Heaven knows we need some good threads and "replies"

I do not hold VRL

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Subject time to leave the village??
Posted 23/01/03 11:23:27 AM - 59 reads
Posted by arthur
Post #67258 - start of thread

One for the VRL holders





BEAR
Village Roadshow (VRL, $1.32) SELL
Peter Bolton, a private client adviser with Tolhurst Noall, says Village Roadshow has consistently failed to increase its profits over the years. "For the past decade it has gone from the promise of a high-growth company to that of a serial underperformer," he says. "From time to time investors rediscover their optimism and bid the price up when the company releases a popular movie, but I would view the recent strength in the share price as an opportunity to get out and into something more reliable."



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Subject re: time to leave the village??
Posted 24/01/03 9:39:38 AM - 34 reads
Posted by arthur
Post #67562 - in reply to msg. #67258


This would account for the sell on VRL.



Thursday January 23, 2:35 PM

S&P Places Australia's Village Roadshow on Creditwatch Negative

SYDNEY, Jan 23 Asia Pulse - Standard & Poor's Ratings Services has placed its BB-plus long-term corporate credit rating on Village Roadshow Ltd (ASX:VRL) and its BB-minus rating on the company's subordinated notes on CreditWatch with negative implications.
The CreditWatch replaces the negative outlook on the company's ratings.

"The CreditWatch placement reflects concern about Village's aggressive financial structure in the context of its earnings profile," S&P said.




"The company's financial structure is derived from its active use of operating leases to finance long-term access to cinema sites; high debt levels, incorporating on- and off-balance-sheet debt; and material contingent liabilities.

"Nevertheless, Village has demonstrated a willingness to restore its financial profile by cutting dividend payments to ordinary shareholders in 2002."

S&P said it would review how Village intended to restore its credit protection measures and lower financial risk across the group.

The ratings agency said it expected to resolve the CreditWatch by mid-February.

ASIA PULSE