Yovich & Co. Market Update - 14 March 2018

Mar 14, 2018 | Commentary

Vista Group International is listed on both New Zealand and Australia stock exchanges.  The Group provides software and additional technology solutions across the global film industry.  Cinema management software is provided by Vista Entertainment the core business of the group and in 2017 installed its cinema software in 793 cinema sites to achieve a cumulative total of 6350 sites.  The achievement took its share of the world’s large cinema circuit market to over 43% and equates to revenue growth of 22%. Its revenue growth for 2017 was 22% which was the 4th consecutive year of 20% growth and the EBITDA earnings increased by 42% to $25m and tax paid profit was $9.683m. 

Arvida Group is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services.  It has 29 villages across New Zealand and it has a strong development pipeline of over 1000 units / beds and continues to progress a number of brownfield developments that are in the planning phase.  There are 6 developments in progress at the present time. The tax paid profit for September 2017 half year was $14.5m.  Dividends are payable quarterly March, June, September and December. 

Warehouse tax paid profit for 6 months ended 31 January was down 16% in the 2017 first half year.  The operating revenue for the group was down 9% at $1.598 billion. 

Briscoe’s tax paid profit for January was up 3.2% at a second $61.3m its 8th record year in a row.  Sales topped $600m for first time. 

Smartpay has signed an agreement with Alipay, China’s largest and mobile payments provider. 

Alipay has over 520 million active users in China and Smartpay will directly acquire Alipay transactions, giving approximately 25000 merchants access to an estimated $11 billion in Chinese tourist spending across Australia and NZ.

 

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Walter Yovich



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