MENU

Why Village Roadshow Ltd (ASX:VRL) just posted a $7.3 million loss

Struggling entertainment and media company Village Roadshow Ltd (ASX: VRL) today announced an underlying loss of $7.3 million.

Village seem to be doing as much as it can to remedy its situation with debt reduced via a capital raising and asset sales together with ongoing efforts to reduce costs.

It bravely forecast an improved result for 2019.

Village’s operations are still feeling the impact of the Dreamworld tragedy, with its theme parks segment still experiencing lower than expected attendances in usually busy holiday periods.

But the company believes its theme parks operations will “return to a positive trajectory” if July’s performance is anything to go by, with record ticket sales recorded.

Village is among several beaten down ASX shares that have seen better days, with Retail Food Group Limited (ASX: RFG) on the list after debt problems saw it shares plunge in the last 12 months.

Commercial printing company PMP Limited (ASX: PMP) is also at a multi-year low with its FY18 results due out on August 30.

ASX Tech Share – Real Winner from the World Cup

Earlier this year, millions of Australians set alarms and watched the world's biggest sporting event, the World Cup, play out. But did you know there was another Australian representative quietly succeeding as the world watched?

It's the start-up who have positioned themselves as the global leader in sports analytics. Motley Fool's resident tech expert has already upgraded the recommendation of this company's stock to a rating of simply "Buy More".

Click here to access this share. It's completely FREE!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!