Forum Archive Index - June 2000

["graham perkins" <f_uker@hotmail.com>]

A movie thst will be very popular in NZ and Forces cinemas is Lord Of the Rings due out late this year......

 

>From: "nick"
>Reply-To: sharechat@sharechat.co.nz
>To:
>Subject: Re: [sharechat] Discussion on Force - Criticisms
>Date: Mon, 5 Jun 2000 18:54:02 +1200
>
>
> > 1) Cinemas in Fiji. We all know the recent instability in Fiji. Anything
> > could happen, it's quite feasible for the country to shutdown.
>
> They have ten screens in fiji, (2 cinema) not sure whats
>happening there.
> Maybe they are all watching rebel without a cause.
>
> > 2) Cinemas in Argentina. Latin American economies are characterised by
>high
> > debt, high inflation and cowboy style management of the economy. Argentina
> > is just coming out of recession but I wouldn't count on anything in the
>way
> > of consistent profits.
>
> Argentina has been performing very well for the company
> they are performing well ahead of expectations. 69 screens there
> >
> > 3) Recent IMAX company difficulties. I find the future of IMAX highly
> > questionable. Many people I have spoken to see Imax as a one off... and
> > complain about sore necks. I think if Force buys Imax this increases the
> > risk of Force shares considerably.
>
> Dont know about sore necks, i found it a very enjoyable
>experience.
>
> 4) High debt. Current Ratio is poor and Force needs to sell it's properties
> to bring the balance books back to less risk. The Force Entertainment
>Centre
> is STILL not sold...
>
> There is still a dispute over the sale. The entertainment centre is
>now fully leased
>and is bringing in 6.8m a year in rent
>
> > 5) Amalgamation with Hoyts probably won't go ahead.
>
> Dont know much about the chances of that happening
> >
> > 6) Market saturation . The NZ market is pretty much catered for.
>
> They have shown they can move into other markets, plus the have an
>interest in a film production company and planet hollywood restraunt, there
>are any number of related area they could branch into. Plus their
>cinemastend to be in
>prime locations
> >
> > 7) Whilst it just takes a couple of blockbusters to dramatically improve
>the
> > bottom line..the converse is true. A poor movie season also affects
>profits
> > significantly. This means the shares are a high risk.
>
> Apparantly cinema attendence is doing very well this year
>despite the absence
>of any major blockbusters of the size of titanic.
> >
> > Criticisms welcome.
> >
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