VGL- Vista group

[Shareguy]

Vista is growing again. Plenty of cash in the bank and people are returning to the movie theatre.

Insert from Craigs March 2022 note

Cloud is the key
Vista Cloud was launched in August, with the first customer going live in January, a few months behind schedule. We expect Vista to transition 1-2% of its installed base over in FY22, with momentum growing in FY23 and beyond as Vista starts to onboard larger customers. The company remains confident c35-40% of the base can transition by the end of FY25, although we think the business will need to hire more engineers to deliver on these targets. Importantly, Vista has indicated that, based on deals already signed, recurring revenue per screen is likely to increase more than the 50-150% previously indicated from moving to the cloud.
Retain Overweight, $2.62 target price

I'm picking that the cinema "experience " is going to thrive and continue to recover.   Theres a place for streaming too, 

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/theater-stocks-buoyed-by-return-of-big-budget-blockbusters-70847143

[Shareguy]

Gosh nearly $2.00.  Investors waking up that the world is open.

[Shareguy]

$2.00 reached. onwards and upwards as the crowds return.

Disc, Holder

[Left Field]

Upgraded forecast..... future looking good.......but still losing money.

https://www.nzx.com/announcements/397784

Guidance Update
Vista Group upgrades its revenue guidance for the full year ended 31 December 2022 to $123-128m. Vista Group had previously projected revenue of $118-123m.

Financial Highlights
• Total revenue of $62.4m, an improvement of 39% on the first half of 2021, and recurring revenue up 43%
• EBITDA(1) of $3.1m and positive operating cashflow of $5.1m
• Accelerated investment across the SaaS platform, with monthly cash burn of only $0.1m over the last 12 months
• Loss for the period of $18.0m, including $13.8m of non-cash impairment charges (predominantly related to Vista China), equity accounted losses, and acquisition costs.

[Shareguy]

https://deadline.com/2022/09/bankruptcy-court-cineworld-financing-regal-cinemas-1235112627/

[Shareguy]

Vista chief executive Kimbal Riley said the group's expectation was Cineworld would continue to operate and pay on time.

"We will have a discussion about the amount outstanding that was due at the time they went into Chapter 11. From our point of view, we wish them very well," Riley said.

He wouldn't disclose the amount owed but said it was "not material" and Vista hoped to get full recovery.

"We will try to recover that to the extent we can and, in all likelihood, it will be all of it but you can never tell that."

[winner (n)]

Everybody mentioned in this piece by Jenny Ruth remains very positive about Vista - like we are getting the same investment case but at much cheaper prices

The Vista twist: shares hammered despite positive news

https://businessdesk.co.nz/article/markets/the-vista-twist-shares-hammered-despite-positive-news

[Shareguy]

After there recent upgrade the share price has gone down. Has been insider buying and Fishers and another fund big player increasing stakes.

Let's see with the latest investor presentation


https://www.nzx.com/announcements/401117

[Shareguy]

Vista

Targeting growing annual recurring revenue (ARR) of more than $300 million long-term through its new software.

And while Vista's share price continues to languish, it told its investor day that the movie industry continues to rebound, with strengthening numbers of moviegoers and new box-office records. 

Vista shares closed Tuesday at $1.59, down from $2 in August and $2.70 in November last year.

Vista claims 51% market share of the estimated global market of cinemas with 20-plus screens, excluding China.

Vista Cinema had been installed at 8,215 sites at June 30 and is aiming to eventually transition more than 6,000 to the new platform.

In August, when it reported an $18m first-half net loss, Vista said annual revenue for calendar 2022 would be between $123m and $128m, up from its previous guidance of $118m to $123m.

But the latest industry experience shows cinemas are making a comeback as customers feel safe to return.

It also noted that cinema-going tends to be resistant to economic downturns. The US box office grew in three of the past four recessions.

[Shareguy]

Link to AGM

 https://www.nzx.com/announcements/401284

Craigs have a target price of $2.17
Jardens $2.10

[Left Field]

Nice upgrade.....

https://www.nzx.com/announcements/404816

"Vista Group also updates its revenue guidance for FY2022 to between $131 million - $135 million (up from $123 million - 128 million) "

[Hectorplains]

Nice upgrade.....

https://www.nzx.com/announcements/404816

"Vista Group also updates its revenue guidance for FY2022 to between $131 million - $135 million (up from $123 million - 128 million) "

Yup when I read, "Under the trade agreement Cineworld Group has agreed to pay certain pre-chapter 11 amounts" my initial thought was; 'certain' = bugger all.  Then the following revenue guidance showed my cynicism to be misplaced... 'recent improvements in the collection of aged receivables, and, in connection with the trade agreement, the release of provisions in respect of amounts owed by Cineworld.' All very good then.  Share price still languishing towards the bottom of its two year range but a nice nudge this morning.

[Scooter]

Not much happening on vistas page.   I've just brought in at $1.45.  It may have been losing money but I can see a bounce around the corner.  I think full year results will surprise.
Can't be too many on here with money invested in this one or I might see more comments. Results 1st march not long to go now

[winner (n)]

Punters should love this result

I love the accelerating cash burn ....spending more to eventually make heaps more

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/VGL/407546/389723.pdf

Disc: never held as I have no idea how they make money and if you don't understand how a company works don't invest no matter how fast ARR is increasing

 

[Left Field]

Punters should love this result......I love the accelerating cash burn .....
Disc: never held as I have no idea how they make money and if you don't understand how a company works don't invest no matter how fast ARR is increasing

Whatever they do Winner they must be doing it well...... over 51% market share..... if true that's pretty impressive. One day they might even make a profit! (Disc - don't hold but watching with interest!)

Operational Highlights
• Cineplex (top 5 North American circuit) signed to Vista Cloud and is expected to go live on Vista Digital in 2023
• Movio Cinema EQ launched, offering a smarter, faster and more streamlined solution for cinemas to improve the way they market movies to their moviegoers
• Maintained 51% market share4 of the estimated global enterprise market (20+ screens), excluding China