Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Event Hospitality & Entertainment Limited    EVT   AU000000EVT1

EVENT HOSPITALITY & ENTERTAINMENT LIMITED

(EVT)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Event Hospitality & Entertainment : Sale of Cinestar - Transaction Update

11/10/2020 | 04:01pm EST

6 November 2020

ASX ANNOUNCEMENT

SALE OF CINESTAR - TRANSACTION UPDATE

EVENT Hospitality & Entertainment Limited (the "Group") today provided an update regarding the sale of its German cinema exhibition operation ("Cinestar") to Vue International Bidco plc ("Vue") (the "Transaction").

Vue has applied for, and the German Federal Cartel Office ("FCO") has granted, a further extension to 14 December 2020 of the deadline for completion of the divestment process required for FCO approval of the Transaction.

All cinemas in Germany, including those operated by Cinestar, were closed by the German Government with effect from 2 November 2020 in response to COVID-19 and will remain closed until 30 November 2020.

Authorised for release by the Board

Further information

ASX Company Security Code:

EVT

Telephone:

+61 2 9373 6600

Contact:

David Stone (Company Secretary)

Email:

David_Stone@evt.com

EVENT HOSPITALITY & ENTERTAINMENT LIMITED | ACN 000 005 103

478 GEORGE STREET SYDNEY NSW 2000 | GPO BOX 1609 SYDNEY NSW 2001 | +61 2 9373 6600

CINEMAS | EVENT | BCC | GU FILM HOUSE | CINESTAR | MOONLIGHT

HOTELS & RESORTS | RYDGES | QT | ATURA | THREDBO

STATE THEATRE | EDGE DIGITAL | EDGE SERVICED OFFICES

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Event Hospitality and Entertainment Ltd. published this content on 06 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2020 21:00:07 UTC


© Publicnow 2020
All news about EVENT HOSPITALITY & ENTERTAINMENT LIMITED
2020EVENT HOSPITALITY & ENTERTAINMENT : Cinestar Sale Update
PU
2020EVENT HOSPITALITY & ENTERTAINMENT : Change in substantial holding from PPT
PU
2020EVENT HOSPITALITY & ENTERTAINMENT : Cinestar Sale Update
PU
2020EVENT HOSPITALITY & ENTERTAINMENT : Change of Director's Interest Notice
PU
2020EVENT HOSPITALITY & ENTERTAINMENT : Change in substantial holding from PPT
PU
2020EVENT HOSPITALITY & ENTERTAINMENT : Sale of Cinestar - Transaction Update
PU
2020Event Hospitality And Entertainment's Sale Completion of German Cinema Chain ..
MT
2020EVENT HOSPITALITY & ENTERTAINMENT : Results of Meeting
PU
2020EVENT HOSPITALITY & ENTERTAINMENT : Chairman's Address to Shareholders
PU
2020EVENT HOSPITALITY & ENTERTAINMENT : Sale of Cinestar - Transaction Update
PU
More news
Financials
Sales 2021 657 M 506 M 506 M
Net income 2021 42,2 M 32,5 M 32,5 M
Net Debt 2021 475 M 366 M 366 M
P/E ratio 2021 38,4x
Yield 2021 0,43%
Capitalization 1 610 M 1 243 M 1 241 M
EV / Sales 2021 3,18x
EV / Sales 2022 2,34x
Nbr of Employees -
Free-Float 56,4%
Chart EVENT HOSPITALITY & ENTERTAINMENT LIMITED
Duration : Period :
Event Hospitality & Entertainment Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EVENT HOSPITALITY & ENTERTAINMENT LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 9,90 AUD
Last Close Price 9,99 AUD
Spread / Highest target 12,1%
Spread / Average Target -0,92%
Spread / Lowest Target -12,6%
EPS Revisions
Managers and Directors
NameTitle
Jane M. Hastings CEO, Managing Director & Executive Director
Alan G. Rydge Non-Executive Chairman
Richard Gordon Newton Independent Non-Executive Director
Peter Roland Coates Lead Independent Non-Executive Director
Valerie Anne Davies Independent Non-Executive Director
Sector and Competitors